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Teachers Now in Insurance Agents' Crosshairs After DOL Rule
The Teacher's Advocate
[Opinion] Apr. 7, 2016
"Imagine you are an agent who likes to sell Equity Indexed Annuities (EIAs) ... Today you are likely shell-shocked by the new DOL rule which just made it much more difficult to sell EIAs in [IRAs]. Incredible vacations and large commission checks are a thing of the past ... or are they? What if there was one last bastion of the retirement market where you could continue to hunt for juicy prey to sell your toxic products? This market exists, it's called the non-ERISA 403(b) market."
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