One of the best things scouting taught us as children is to BE PREPARED! AAP worked with industry experts to find out how your business will be impacted if the Rule goes into effect. We estimate smaller insurance agencies and financial advisory firms who sell annuities will need to pay between $100,000 and 250,000 just to put in place ongoing compliance and record keeping requirements.That doesn't include ongoing costs of supervision, audits, E&O coverage and litigation.
AAP believes this Rule will cause many to abandon the annuity marketplace. That will leave millions of Americans without experienced advice on how to use annuities for guaranteed income and how to protect themselves from market risk! ARE YOU PREPARED to TAKE ACTION? Email me at firstname.lastname@example.org and we'll send you more information.