State Farm Agents to Stop Selling VAs and MFs Due to DOL

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The Bloomington-based insurance giant confirms that it has directed 12,000 of its agents around the country who are licensed to sell securities to no longer provide their clients with mutual funds, variable annuities and other investment products. (State Farm has 18,000 agents in total.) The ban goes into effect in April, when firms must comply with the U.S. Department of Labor's fiduciary rule, issued this year.
Based on my own experience, th
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