IRI proposes changes to the Department of Labor’s Fiduciary Rule

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) recently submitted a comment letter to the Department of Labor (DOL) regarding the DOL’s proposed fiduciary...

ACLI, IRI celebrate official 18-month delay of Fiduciary Rule

Both the Insured Retirement Institute (IRI) and the American Council of Life Insurers (ACLI) applauded the Department of Labor’s decision Monday to delay provisions of the fiduciary regulation for 18 months in separate statements released Monday.

Latest FIO report chock full of industry data and analysis

Seventh annual Dodd-Frank-mandated report shows U.S. still the world’s largest insurance market; provides a detailed analysis of the current state of the overall market.

Getting Started Selling Annuities

What would you tell someone who wants to get into annuities?  The agent in question came from a life insurance background, but hoped to...

Total annuity sales drop 7% in 1Q 2015; indexed annuities up 3%

WINDSOR, Conn. — Total U.S. annuity sales dropped 7% in the first quarter, totaling $54.4 billion, according to LIMRA Secure Retirement Institute's first quarter...

After Fifth Circuit vacates Fiduciary Rule, NAFA & DOL agree to drop lawsuit

If the DOL does not seek a review of the decision by April 30, the court’s mandate will go into effect May 7, dissolving the rule. The DOL also has until June 13 to ask the U.S. Supreme Court to hear its appeal of the decision.

Protective Life enters $1.2B agreement with Great-West to reinsure individual life and annuity business

When closed, transaction will be the largest acquisition in Protective Life’s history.

Annuity IMOs partner up as Futurity First acquires M3 Financial

HARTFORD, Conn. – National independent insurance distribution company Futurity First Financial Corporation (FFFC) announced July 29 that it has acquired M3 Financial, a national...

Deferred income annuities reduce overall cost of funding retirement, new academic research shows

Including a deferred income annuity (DIA) in a retirement portfolio helps reduce the cost of funding retirement while also offsetting risk and providing asset...

IRI submits new data exposing detrimental impact of DOL Fiduciary Rule

The Insured Retirement Institute's Aug. 7 comment letter says evidence demonstrates negative consequences the rule is already having on retirement savers and the industry.