Fixed Indexed Annuities Will Survive, Experts Say
June 6, 2016 by John Hilton
WASHINGTON, D.C. — Nationwide stands ready to adapt its annuity products to whatever the market demands in the post-DOL fiduciary rule world, said Mike Morrone.
“We will go where the distributor want us to go from a product design perspective. I think some distributors will want it simple and we will have some products that solve that,” said Morrone, associate vice president, fixed annuity product strategy, Nationwide Financial Group.
He was part of a panel discussing innovation of fixed and fixed indexed annuity products at the Insured Retirement Institute’s Government, Legal and Regulator Conference 2016. Much of the session focused on the Department of Labor rule and its impact on these products.
Click HERE to view the full article. INN news articles may require a subscription to read.
