Make no mistake about 151a is scheduled to enter into force in January 2011 and annuity seller will be faced with an entirely new playing field. For those who are in the pension for over 30 years, as I have been, it is obvious that every time that a product has been developed by the insurance industry is successful, the SEC tries to end in respect of such profits generated by the product share. No matter how absurd it sounds most recent SEC decision, it is not the firstand most certainly not be the last one. I offer the following as an opportunity to gain some perspectives and plans for the future. Why are we in this business?
Take a good look at themselves and really evaluate the products you sell and for what reasons. My guess is that most of us who sell annuities began her career in life insurance business. After a few years you have learned to come the value of traditional whole life policies and fixed annuities. Customers to youbecause you will be offered three times the interest rate, helped them avoid probate, saving them money on their income taxes. All this was made possible by repositioning your customers' hard earned money into pensions and life insurance, have a huge advantage over other investment products available.
Comparison Article 151a, the recent developments
Single Premium Whole Life
