Whenever anyone in our industry is asked what the DOL fiduciary rule will require of us, there should only be one answer: “WE DON’T KNOW, YET!” While I strongly believe in the famous quote by Benjamin Disraeli “I am prepared for the worst, but hope for the best”, I am amazed at the select few FMO/IMOs who are professing such a scorched earth future for qualified Index Annuity sales. Some groups are using scare tactics to drive producers to those who claim to have answers and

Alternative Brokerage and US Annuity Partners are proud to be rolling out the industry’s First “Post DOL Fiduciary” Index Annuity designed specifically for Broker-Dealers and Banks. “The SCA-7 is designed to compete as a true “buy and hold strategy” that will directly compete against Indexed & Market-Linked CDs” said Bob Phillips, President of Alternative Brokerage. Unlike the MLCD market, there will be NO phantom income taxation challenges. “The annuity also comes with a 1%

HARTFORD — The Phoenix Companies. Inc. is being sold to Nassau Reinsurance Group Holdings L.P. for $217.2 million, the companies announced early Tuesday. That's a huge premium for shareholders, whose stocks were worth $13.03 at closing Monday, and who will be offered $37.50 a share. The stock was trading at about $32.75 after the announcement. The stock had plunged from $56.07 on March 30 to $17.85 on May 14, the day of its annual meeting. Bad news on financial restatements,