A Fee-Based Annuity for the DOL Era?
September 22, 2016 by WealthManagement.com Staff
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 Labor’s fiduciary rule. The product, called Index Protector 7, is being distributed by Clarity 2 Prosperity and Prosperity Capital Advisors. The companies say investors can earn interest based on market performance with principal protection, and with a fee structure that fits in with the DOL’s new fiduciary rules.