Tag: insurance company
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Fiduciary Papers #17: WHY THE INSURANCE LOBBY’S ARGUMENTS AGAINST THE DOL RULE ARE DISINGENUOUS
The insurance lobby is against the imposition of the fiduciary standard by the DOL, as it will lower the excessive commissions often paid on the sale of Fixed Index Annuities (and other annuities) – and lead to less sales for the insurance companies. In essence, it will upend the distribution channel, as you transform annuities…