Great American Life Insurance Company has introduced a new fee-based fixed indexed annuity with an optional guaranteed income rider that the firm says meets the compensation requirements of the Department of Laborâs fiduciary rule. The product, called Index Protector 7, is being distributed by Clarity 2 Prosperity and Prosperity Capital Advisors.
Advisers spend a great deal of time helping clients transition to retirement, but how should they deal with the end of their own careers? Read Full Article
What happens if an adviser dies, retires or otherwise become unable to work? Read Full Article
On the long commute to a clientâs office in northern New Jersey, the traffic was humming, leaving me the freedom to organize my thoughts. As I often did before a meeting, I anticipated objections and visualized successful outcomes. Read Full Article
An historic reluctance to deal with federal regulators is apparently slowing the ability of the insurance industry to properly comply with the Department of Laborâs new fiduciary standard as of the April 2017 deadline. Read Full Article
Six independent marketing organizations, or IMOs, have applied to the Department of Laborâs Office of Exemption Determinations to become a âfinancial institution.” Read Full Article
Since the Department of Labor handed down its fiduciary rule, the industry has been abuzz about the outlook for insurance-only producers who sell fixed indexed annuities through independent marketing organizations. The reason: The rule doesnât include IMOs in its definition of a âfinancial institution.â Read Full Article
Eric Roberge, founder of Beyond Your Hammock, a Boston registered investment adviser, says that he uses virtual discussions for 95% of client and prospect meetings, citing their flexibility. Read Full Article
The government’s last jobs report gave the Federal Reserve’s rate-setting panel a jolt that set off worries about the health of the job market. Read Full Article
MDRT member Jason Smith offers tips for preparing for compliance with the U.S. Department of Labor’s fiduciary rule. Read Full Article