AmeriLife Files for FI Status Under DOL Fiduciary Rule
September 13, 2016 by Cyril Tuohy
AmeriLife, a large insurance marketing organization (IMO) with 120,000 insurance agents, has applied to allow agents to sell fixed indexed annuities under a U.S. Department of Labor exemption.
The request by the Clearwater, Fla.-based IMO, which maintains business relationships with 250 insurance companies in all 50 states, makes it eight IMOs that have applied to sell FIAs under the exemption.
“The requested exemption would apply to transactions for AmeriLife Agents selling fixed indexed annuity products through AmeriLife contracts and utilizing the AmeriLife platform,” said Timothy O. North, chairman and CEO of AmeriLife, in a letter to the DOL Click HERE to read the full story. INN articles require registration to view.