By Bill Broich
I have been writing about and watching with great curiosity how the government moves more and more to control most aspects of our lives. The sheer ignorance of the new DOL proposal for new “rules” show a completely deftness towards how we as citizens would even consider living our lives. Their definition of exactly what a “fiduciary” actually means is about as vague as it could be and that leaves open the door for government interference and their interpretation of the rules. We as small independent salespeople will be at their mercy for one simple reason, the federal government has no limitation on what they can spend to prove their legal point.
Dr. Jack Marrion is a nationally known authority on the annuity industry. Recently he wrote an article about how damaging the new DOL rules could be to the annuity industry.
I have enclosed a link for you to Dr. Marrion’s article: