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

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,