DOL fiduciary rule pushes indexed annuity carriers to develop new products

May 25, 2017 by Greg Iacurci

Insurance companies, especially those that are indexed-annuity-centric, have been launching annuity products within the past several months in anticipation of the Department of Labor’s fiduciary rule, which is expected to cause a big disruption to distribution of their traditional products.

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“Independent agents are by far the largest distribution channel for indexed annuities — roughly 57% of product sales came via independent agents in the first quarter this year, according to Wink, Inc., a market research firm.”

Originally Posted at InvestmentNews on May 25, 2017 by Greg Iacurci.