Fiduciary Rule concerns spur 8% drop in total 2017 annuity sales

[Insurance Forums Staff]

Insurance Forums Staff submitted a new article

Fiduciary Rule concerns spur 8% drop in total 2017 annuity sales

Uncertainty over DOL’s partially implemented rule blamed for 5% decline in fixed indexed annuity sales, the product line’s first annual decline since 2009, according to just released figures from LIMRA’s Secure Retirement Institute.

Continue reading the Original Article.

 

[DHK]

8%? That's it? I'm good with that. Why? Because perhaps that's the people / agencies / banks & bankers, etc., who had no business selling annuities getting out of the business.