New DOL rule will force insurers to adapt

April 8, 2016 by Arthur D. Postal

(Washington) — The Department of Labor’s new market conduct rule will have a long-term impact on insurers and agents in the life insurance business, according to a new report by Standard & Poor’s.

It specifically eyed variable and fixed index annuities, which S&P analysts project is a $190 billion annual business for insurers, because the new rule focuses on business as conducted in the U.S. when it comes to “qualified money” or retirement assets.

S&P said it believes the new rules “could meaningfully affect sales of variable annuities and fixed index annuities in the near term.” Click HERE to read more…

Originally Posted at LifeHealthPro on April 8, 2016 by Arthur D. Postal.