The Secure Act Has Passed. 2 Life Insurance Stocks That Could Benefit.
December 23, 2019 by Al Root
The Secure Act is has passed. The new retirement law, known fully as the Setting Every Community Up for Retirement Enhancement, has a lot of implications for retirees.
Whole life insurance policies, for instance, will become a relatively more useful estate planning tool under the coming regulatory regime. That’s interesting for aging workers, but also for investors. Namely, whole life-type insurance sales should get a shot in the arm, and that’s good news for companies selling those products, such as Ameriprise Financial (ticker: AMP) and Lincoln National (LNC).