Will the Secure Act Help You Sell Annuities to Small Employers?
January 1, 2020 by Allison Bell
Financial services organizations have been providing annuities since the Egyptian pyramids since the pyramids had that new pyramid smell.
U.S. life insurers have been telling consumers about all of the things annuities can do from the beginning. On New Year’s Day 100 years ago, for example, Pacific Life was advertising that an annuity can help insure a purchaser’s ability to pay for all of the purchaser’s other forms of insurance.
The U.S. annuity market has become a huge market.
But the mutual fund still has the glamor, even though mutual fund managers can’t offer any guarantees.
Investment advisors, and even employee benefits advisors who come out of the property and casualty insurance sector, seem to be more visible in the retirement plan market than life and annuity agents — even though life insurers helped make retirement planning thing.