Changing exemptions for life insurance sales in qualified plans
December 8, 2023 by Ernest Guerriero
Life insurance in qualified retirement plans is a useful strategy to provide a pre-retirement death benefit to participants and their beneficiaries. This can possibly self-complete a retirement plan for survivors as well as use a noncorrelated asset in overall portfolio diversification.
Click HERE to read the full story via INN
Wink’s Moore on the Market: Ernesto Guerriero had a great article about the best interest regulation in this month’s “InsuranceNewsNet Magazine.”
In it, he suggests that there are five things an advisor must do, if complying with PTE 2020-02.
One of these things is ensuring that “the insurance company and the advisor receive no more than reasonable compensation.”
My question is-
If the insurance company’s spread is proprietary, how is an advisor expected to comply with this?
I tried to tag Ernesto, but LinkedIn is on the whammy.
Anyone else have any ideas? – sjm