Senate Bill Could Change Index-Linked Annuity SEC Filings
November 9, 2021 by Allison Bell
ADemocrat and a Republican have introduced a Senate bill that could help life insurers save money.
The bill, S. 3198, would require the Securities and Exchange Commission to develop a registration form specifically for registered index-linked annuity (RILA) contracts.
The RILA Paperwork Background
Offering a RILA contract is a way for a life insurer to sell an annuity that’s relatively simple to manage, gives the buyer a chance to earn more interest if an investment indexes well, and that lets the insurer limit how much investment risk it wants to take.