How Do DOL Rules Impact Insurance Producers?

3 Mar

Guest contributor: H. Lillian Vogl, JD, CFP, serves as director, advanced sales, at Crump Life Insurance Services and serves on the company’s regulatory council.

To the surprise of many, the Department of Labor allowed the previous administration’s final fiduciary advice regulation, officially titled Prohibited Transaction Exemption 2020-02, to go into effect on Feb. 16. The focus of PTE 2020-02 is on broker-dealers and registered investment advisors, but how does this turn of events impact insurance producers? More>>

12 Things You Didn’t Know About Annuities

11 Jun

Annuities are great tools for retirement planning, but they can be complicated, too. And the terminology can be confusing even when the underlying concept is simple. When it comes to this important piece of the retirement-security puzzle, how well do you understand annuities? More>>

Indexed Annuities: What Are They?

15 Oct

An indexed annuity is a fixed annuity that earns interest or provides benefits linked to an external reference or an index. The value of the index might be tied to a stock or other index. One of the most commonly used indices is Standard & Poor’s Composite Stock Price Index (the S&P 500). The value of any index varies from day to day and is not predictable. When you buy an indexed annuity, you own an insurance contract rather than shares of stock or index. More >>