New York’s Best Interest Rule Goes into Full Effect On February 1!
Starting on Feb. 1, 2020, New York’s new Best Interest regulation will be fully in effect for annuity and life insurance transactions. We’ve developed a new step-by-step general summary of the rule’s producer requirements and will continue working with our partners for additional guidance to ensure producers can continue to serve their clients. Last month, we discussed how the broad reach of the New York regulation could possibly apply to intermediaries even if they never have direct contact with the client.
Americans’ Concerns About Market Volatility Reach Lowest Levels in Over a Year!
“Nearly a third of respondents (31%) say putting some money into a financial product that provides a guaranteed stream of income in retirement is the most important step to take to help make sure they have a secure retirement. This is up from 26% last quarter.”
5 Predictions for the LTC Insurance Market in 2020
In Tuesday’s debate, Sen. Amy Klobuchar (MN) referred to Long-term Care as, “the elephant that doesn’t even fit in this room.” This article provides a small glimpse into the growing assisted living care market, rising costs, and the unpreparedness of many Americans.
Employees Should Know These Three 2020 Tax Numbers
Learn about these new changes to 2020 IRS limits for qualified retirement plans that will affect non-qualified deferred compensation!
LIMRA Expands Intel For Carrier Product Development
The research association that tracks trends in financial and retirement services, just made it easier to compare products! The My Products section, that’s been added to their dashboard, will track data from Life Compass to assess product performance. Find out which products are capturing the greatest market share or use their analytics tool to connect with the right clients!
This carrier is offering writing agents up to 2.00% in bonus commissions for FIA sales!
Click the link below to learn more.
The SECURE Act Increases The Buzz Around Annuities
Another take on the SECURE Act’s influence on the annuity market, as the implications of the landmark legislation become clearer.
7 Rules for a Wealthy Retirement
An interesting Forbes piece that offers unique criticisms on commonly held beliefs in retirement planning.
Top 5 Annuity Stories of 2019
Key takeaways and insights on the top five most read annuity articles for Insurance News Net.
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