Financial Planning: The DOL Impact on Variable Annuity Sales
A Financial Planning article addresses the DOL’s impact on variable annuity sales. Jefferson National’s platform is highlighted as a lower-priced VA product that is predicted to come to the forefront.
While the dust is settling from the DOL ruling, the advisors whose income relies heavily on commissioned variable insurance products need to start planning where their career will be heading next. “It’s become apparent that an advisor earning a high single-figure commission from a variable annuity product should become a thing of the past,” states author Dave Grant.
While variable annuities will still have their place in the market focused on tax-deferral for high net worth clients, the mass market may find fewer traditional product offerings. However, lower-priced VA products, like Jefferson National’s platform, are forecasted to come to the forefront for client use at a more reasonable cost.
Read more, here.