It is with heavy hearts that we say goodbye to our dear friend Jim Mumford. Jim's service on the Board of Directors for Americans for Annuity Protection, while short, was nonetheless invaluable.
One of the best things scouting taught us as children is to BE PREPARED!
An annuity weekly review.
Dear Chairman Isakson...
Annuities are unique among all financial instruments because they provide a guaranteed income for life – easing the anxiety virtually all seniors experience for -“outliving their money.” Americans for Annuity Protection defends the rights of Americans to maintain their financial independence and represents all Americans who already own an annuity or would benefit from owning an annuity.
President Obama on Monday reiterated his administration’s intent to implement the Department of Labor’s proposed fiduciary rule in his remarks at the White House’s Conference...
This article explains the basis for our conclusions about the impact of the Department of Labor (DOL) proposal to amend the fiduciary investment advice regulation and the prohibited transaction (PT) exemptions for sales of insurance products to plans, participants and IRAs.
The Department of Labor’s own evidence to support its new fiduciary-only rule actually undermines the DOL’s justification for its unwarranted disruption of consumer access to financial assistance from Main Street advisors, according to a study released today by the Americans for Annuity Protection.
Americans for Annuity Protection CEO Kim O’Brien shows how Sen. Elizabeth Warren’s targeting of insurance agents and advisors is inaccurate and politically motivated. The practices she accuses insurance companies and agents of are common in the fiduciary circles that she is promoting.
Advisors will have a tough time promoting products such as annuities in educational materials without potentially violating the Department of Labor’s proposed fiduciary standard, industry lawyers say.