The DOL Fiduciary Rule will not be in its current form in April 2017. Even if it does, there will be a new "non-index product" with a GLWB to take its place. Also, America wants income... the accumulation is not the big pull with Boomers.
There has never been a better time to offer "Safe Money Products." When you can give you client a 200-250% increase in interest in a MYGA vs a CD... Are you kidding me? This is such an easy offering. Plus, I haven't even addressed the tax advantages.
It’s time to stop talking about any double digit returns in FIA's... that's not what they were designed for. We don't need that. We , historically, can provide a better return than other "Safe Money Instruments."
Okay, Let's talk Great Britain... everyone else is. My daughter and her husband live in London and they are shell shocked. The world is not going to end tomorrow. The equity markets will pull through. And, not to offend any of my International Friends, this is the United States of America. Yes, we are exceptional. And, by the way, I am not accepting the DOL ruling and you shouldn't either.
Okay, now back to work offering the best products to the best people, in the best country... from the best financial professional… and that is you.
Until next time ... good selling!