DOL May Classify Indexed Annuities Same As Variable in New Rule
November 2, 2015 by Linda Koco
The Department of Labor (DOL) staff appears to be thinking that fixed index annuities should be treated more like variable annuities than fixed annuities under its new “conflict of interest” fiduciary rule, according to an insurance executive who met with top-level staffers.
John E. Dunn of Northwestern Mutual told a packed breakout session at LIMRA’s annual meeting this week that DOL officials who were at a September face-to-face had indicated they had changed their views on fixed index annuity treatment.
A DOL spokesman on Friday declined comment on any possible changes. Click HERE to view article
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