7 Threats Life and Annuity Commenters See Lurking in DOL Fiduciary Rule Draft

January 17, 2024 by Al

The U.S. Department of Labor’s proposed fiduciary rule regulations could destabilize state life insurance markets, disrespect the Internal Revenue Service, weaken career agents’ employee benefits and hurt insurers’ ability to offer some well-established, popular life and annuity products that have not caused any noticeable problems.

Regulators, executives and agents in the life and annuity sector make those points in some of the 19,000 letters posted on the comments page for the DOL’s draft investment advice fiduciary definition and related regulation drafts.

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Originally Posted at Think Advisor on January 11, 2024 by Al.