The first wave of IMOs/FMOs to apply to the DOL for status as “financial institutions” has hit, with Gradient Insurance Brokerage, Legacy Marketing Group, InForce Solutions, Financial Independence Group, Futurity First Financial, and Clarity 2 Prosperity all seeking the designation to allow their independent agents to sell commission-based insurance products under the DOL’s Best Interest Contract Exemption (BICE).
More in the linked article below, with the second link being to an article about a projected bust in indexed annuity sales next year (after a boom this year) due to implementation
Source of insurance-forums.net
More in the linked article below, with the second link being to an article about a projected bust in indexed annuity sales next year (after a boom this year) due to implementation
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