You Need to Know About how the Insurance Industry is Regulated
In recent months, there have been a number of articles featuring stories about insurance agents using unfair or unethical practices when selling products to older Americans and/or Veterans. As the current Iowa Insurance Commissioner Susan Voss points out what many of these articles fail to highlight: the insurance industry and state regulators have put a number of protections in place to ensure that annuities are sold both ethically and fairly to consumers. And, while there may be a few bad actors out there-which is unfortunately the case with any product being marketed and sold-they shouldn’t overshadow the fact that the majority of those selling fixed indexed annuities follow strict suitability guidelines. Read full article here.