At other times, the agents report to a wholesaler or marketing

June 18, 2014 | Uncategorized | By VanceCast | 0 Comments

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canada goose clearance said the Department of Labor might pull FIAs out of the most restrictive exemption when sold in retirement buy canada goose jacket accounts. canada goose clearance

buy canada goose jacket cheap Regulatorsadded canada goose coats on sale FIAs to the Best Interest Contract Exemptionin the final version of a fiduciary rule, or “Conflict of Interest” rule, published April 6, because they are considered complex. canada goose factory sale The BICE requires Canada Goose Outlet hefty disclosures and a signed contract with clients. buy canada goose jacket cheap

canada goose In a cheap canada goose uk conference call with analysts, Dieter Wemmer, chief financial officer of Allianz, suggested that FIAs canada goose clearance sale might be dropped from the BICE just as quickly as they had appeared. canada goose

Canada Goose Outlet “It could Canada Goose Online happen that the fixed canada goose uk shop index annuity business is dropping off this list again, because it came cheap Canada Goose also at the last moment,” Wemmer said in response to a question from an analyst. Canada Goose Outlet

Canada Goose Jackets Allianz Life Insurance of North America has its headquarters in Minneapolis. It is a subsidiary of the Munich based financial services giant Allianz SE. Canada Goose Jackets

canada goose coats on sale Last year, its FIA sales soared 33 percent to $53 billion, a record, according to Wink’s Sales Market Report. canada goose coats on sale

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Canada Goose Parka Allianz was the No. 1 seller of FIAs with 14.5 percent market share last year and in the fourth quarter of 2015, the company’s Allianz 222 annuity was the best selling indexed annuity for the fourth consecutive quarter, Wink’s also reported. Canada Goose Parka

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In addition to its Allianz 222 blockbuster, it sells Allianz 360, 365i, Essential Income 7, Canada Goose Jackets Core Income 7, Signature 7, Master Dex X and canada goose clearance Endurance Plus fixed indexed annuities.

Rule Could Foster ‘Opportunity’

How the rule will affect future sales of FIAs is anyone’s Canada Goose sale guess, but Wemmer canadian goose jacket put Canada Goose online a positive spin on the far reaching regulatory framework issued by the DOL April 6.

canada goose black friday sale Proprietary sales channels Canada Goose Parka in which insurance agents are under contract to canada goose uk outlet sell Allianz products “should help us canada goose black friday sale to drive actually the volume, and we feel that overall the fixed index annuity market will not get smaller,” Wemmer said. canada goose black friday sale

canadian goose jacket Sales of FIAs “could still grow with the current version of the DOL rule and we see ourselves not as disadvantaged to participate in this market,” he also said. canadian goose jacket

Canada Goose sale Many executives with insurance companies have told analysts over the past three weeks that in the world of insurance distribution independent agents who are going to buy canada goose jacket cheap have the most difficult time selling products under the DOL’s restrictions. Canada Goose sale

cheap Canada Goose The restrictions require a financial institution to certify on behalf of agents that insurance and annuity contracts the agents sell are in the best interest of a client. cheap Canada Goose

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Canada Goose online In the insurance world, independent agents sometimes report directly to the insurance company. At other times, the agents report to a wholesaler or marketing organization, which thenreports to the insurance company. Canada Goose online

buy canada goose jacket Insurance companies with proprietary distribution networks, over which insurers have more control, are likely to find it easier to acknowledge than an agent has conducted a sale in the best interest of a client. buy canada goose jacket

canada goose clearance sale “So the whole story about what is the final rule is not yet over and it is still under discussion,” Wemmer said. canada goose clearance sale

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