Annuities selling strong, but for how long?

June 6, 2024 by John Hilton

On the surface, everything is A-OK in the life of an annuity producer. Huge numbers of Americans are at or nearing retirement age, annuities are selling like umbrellas at the beach and retirement plan rules are evolving to boost those sales even higher.

But dark clouds are not just lurking — they sit directly overhead and threaten to drop buckets of rain on producers.

The dark clouds, of course, are from the Department of Labor’s Retirement Security Rule. It is the department’s fourth swing at sweeping nearly all annuity producers into a fiduciary standard.

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Originally Posted at InsuranceNewsNet on June 1, 2024 by John Hilton.