DOL rule could erase indexed annuity gains next year

August 4, 2016 by LifeHealthPro Editors

LIMRA Secure Retirement Institute forecasts a 15-20 percent increase in retail indexed annuity sales in 2016, compared with 2015 results.

“For eight consecutive years, indexed annuities have enjoyed significant growth. Based on current sales trends, existing economic conditions and the imminent regulatory changes, we expect indexed annuity sales to accelerate in the second half of the year,” said Todd Giesing, assistant research director, LIMRA Secure Retirement Institute. “However we expect the sales gains attained in 2016 to be erased in 2017 when the Department of Labor (DOL) fiduciary rule goes into effect.” Click HERE to view the full story. LifeHealthPro articles may require free registration to read. 

Originally Posted at Lifehealthpro on August 2, 2016 by LifeHealthPro Editors.