July 12, 2008
If the SEC takes over the Index Fixed Annuities or even the Index Universal Life policies. You will be vertually eliminating this product because then everyone will push the Variable Annuities instead and then you will be back where you started from (Losing Money) for the Client. The FIA is stable and the Agent with out a SEC lic. is more understanding of the customers concerns.
The Agent is taking a beating already with all of the Competion and now you want to hand over everything to the Registered Reps.
Let's bring back a balanced playing field for the Self-Employed.
Regards,
M.T. Matho