Wednesday, June 29, 2016

Debunking 12 Myths About Fixed Indexed Annuities

Debunking 12 Myths About Fixed Indexed Annuities
By IALC 


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Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Any distributions may be subject to ordinary income tax and, if taken prior to age 59 ½, an additional 10% federal tax. Income benefit riders are generally optional and available at an additional cost.

America's upper middle class is thriving

America's upper middle class is thriving
By Tami Luhby

(CNN Money)

LIMRA: Consumers Believe Advisors Put Their Best Interests First

(Source)

Is It Time to Get Your Series 65 Registration?

By James Morris, Questar Branch Office Designated Supervisory Principal at Ann Arbor Annuity Exchange

Given the changing landscape in the financial services industry, it may be time to expand the services that you offer your clients. The insurance-only producer is becoming rarer as new blood enters the financial services industry oftentimes with not only an insurance license, but a number of securities registrations as well. If you have not considered expanding your licenses, we thought it might be a good idea to explore what it would take to obtain your Series 65 registration. 


NAIC Launches Retirement Security Initiative

NAIC Launches Retirement Security Initiative 
(National Association of Insurance Commissioners)

Wednesday, June 22, 2016

Having emergency savings is even more important in retirement



Having emergency savings is even more important in retirement
By Rodney Brooks

(Washington Post)

7 ways to increase your work at home productivity

7 ways to increase your work at home productivity, Part Two
By Lynette Gil

(LifeHealthPro)

Compliance Training Through Independent Marketing Organizations (IMOs) – an idea whose time has arrived

Compliance Training Through Independent Marketing Organizations (IMOs) – an idea whose time has arrived 
By Roger Hayashi
(Currin Compliance Services, Inc.)

DOL files to consolidate 3 fiduciary suits

DOL files to consolidate 3 fiduciary suits
By Melanie Waddell

(LifeHealthPro)

Expert: DOL Rule To Force Agents To Consider E&O Coverage

Expert: DOL Rule To Force Agents To Consider E&O Coverage
By Cyril Tuohy

(InsuranceNewsNet)

Market Synergy Group Files Fifth DOL Lawsuit

Market Synergy Group Files Fifth DOL Lawsuit
By John Hilton

(InsuranceNewsNet)

The Final DOL Rule: 1,000 Pages, 1,000 Questions

By Gissou Gotlieb, Field Suitability Compliance Officer

Before the Department of Labor’s “fiduciary” rule became public, there were scores of opinions, movements, and efforts of all kinds addressing the merits, shortcomings, and impact of the proposed rule. When the final rule came out on April 8, 2016, a hush fell over the crowds. The rule and amendments were over 1,000 pages long and significant changes had been made to the rule since its proposal in 2015. That left anyone not close enough to the rule to have known the revisions – most everyone in the industry – scrambling to read through the rule and understand what it was saying, what it wasn’t saying, its immediate and future impact, implications, options, and next steps.

Wednesday, June 15, 2016

Obama vetoes resolution against DOL fiduciary rule; court sets date for NAFA's lawsuit

Obama vetoes resolution against DOL fiduciary rule; court sets date for NAFA's lawsuit
(InvestmentNews)

Lawsuit Filed to Challenge New Department of Labor Rule That Restricts Americans' Retirement Choices

Lawsuit Filed to Challenge New Department of Labor Rule That Restricts Americans' Retirement Choices 
(Indexed Annuity Leadership Council, PR Newswire)

Lawsuit Filed to Challenge New Department of Labor Rule That Prevents Financial Professionals from Best Serving Retirement Savers

Lawsuit Filed to Challenge New Department of Labor Rule That Prevents Financial Professionals from Best Serving Retirement Savers 
(Insured Retirement Institute)   

ACLI, NAIFA File Legal Challenge Against Harmful Regulation To Retirement Savers

ACLI, NAIFA File Legal Challenge Against Harmful Regulation To Retirement Savers 
(American Council of Life Insurers)   

From the Desk of the AAAE President: Understanding the Impact of the DOL Rule

It has been just over two months since the new rule governing sales practices on qualified retirement accounts came down from the Department of Labor (DOL), and the financial services industry has been spending a lot of time and effort trying to analyze and understand the requirements of the rule and how it impacts its members.

Support National Annuity Awareness Month (NAAM)

Support National Annuity Awareness Month (NAAM) during the month of June!

Do your part to circulate positive and accurate messages regarding annuities, as well as educate citizens on annuities and their benefits as part of an overall retirement strategy.

Thursday, June 09, 2016

Live from TPC 2016!

It’s time for Ann Arbor Annuity Exchange’s annual Top Producers Conference. This year we are back at the Encore at Wynn Las Vegas to thank our qualifying producers for doing business with AAAE and our top annuity and life insurance carriers. It's also a great way to recognize and reward elite producers for their hard work helping their clients. 
 
It’s an opportunity to rub shoulders and exchange ideas with financial services peers, to meet the key home office people from our top annuity and life insurance companies, and to establish and renew personal relationships with Ann Arbor Annuity Exchange staff members.

Follow @AnnArborAnnuity on Twitter with the hashtag #AAAELV and over on our LinkedIn company page this week to see what we’re up to!

As always, feel free to reach us at 800.321.3924 or visit Annuity-Exchange.com.

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Ann Arbor Annuity Exchange reserves the right to alter or discontinue this program/incentive at any time without prior notification. Agent must be in good standing. Participation may be affected for producers associated with an AFMO, Agency, hierarchy, or under a Broker Dealer Master Contract, and may be reviewed on a case-by-case basis. Registered Representatives may need to obtain approval from their Broker/Dealer prior to participation. New York production is not included. Some products not included; other exclusions and reductions may apply. See complete business rules for details.

Designed for Financial Professionals.

AE909

Monday, June 06, 2016

Do You Really Need an Office?

By James Morris, Questar Branch Office Designated Supervisory Principal at Ann Arbor Annuity Exchange


“Oh the times they are a-changin’” to quote Robert Zimmerman, better known as Bob Dylan. Once upon a time it was thought that financial professionals (FPs) needed to have a separate brick-and-mortar office to conduct business. FPs also needed an assistant, a receptionist, and someone to maintain the office files along with other processing responsibilities. As technology has improved our lives in countless ways, the evolution of the FP has followed suit. Nowadays many successful FPs do not have a separate brick-and-mortar office. Instead, they are working from home and meeting with clients wherever the clients find it convenient.