News Release: ACLI Statement on NBC Dateline's "Tricks of the Trade" Segment
Posted 4/13/2008.
The ACLI, whose member companies account for 94 percent of annuity premiums, abhors unethical or inappropriate sales practices such as those alleged on Dateline NBC on April 13.
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Fact Sheet: Initiative to Improve Annuity Sales Environment
Posted 4/11/2008.
A CEO-level task force has made several recommendations to improve annuity disclosure and suitability requirements that go beyond current state insurance and federal securities laws. These recommendations will assist consumers when making an annuity purchase and bring consistency and transparency to the annuity marketplace.
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Fact Sheet: How Annuities Are Regulated
Posted 2/14/2008.
One-page fact sheet that explains how annuities are regulated by the states and, in the case of variable annuities, at the federal level.
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Fact Sheet: Facts About Annuities
Posted 2/14/2008.
One-page fact sheet on general information about the different types of annuities, income options, tax treatment, and consumer protections.
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Fact Sheet: Annuities: Myths & Facts
Posted 2/14/2008.
One-page fact sheet corrects common misconceptions about annuity products.
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Fact Sheet: Annuities: Costs & Fees
Posted 2/14/2008.
One-page fact sheet that explains common costs and fees that may apply to an annuity contract.
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Fact Sheet: Annuities: Consumer Protections
Posted 2/14/2008.
One-page fact sheet on laws and regulations to protect annuity consumers. Includes information about ACLI initiatives to build on those protections.
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Fact Sheet: Background: Life Insurance Industry's Initiative to Improve Annuity Disclosure
Posted 2/4/2008.
This one-pager provides an overview of this CEO-driven initiative, including the developement of templates for writing improved annuity disclosure for fixed, index, and variable annuities.
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Fact Sheet: Annuity Disclosure Initiative: Questions Answered
Posted 2/4/2008.
Answers to frequently asked questions about the life insurance industry's initiative to improve annuity disclosure. Through the development of uniform templates for fixed, index, and variable annuities, the industry has established a standard format for disclosure of terms and features such as guaranteed rates, surrender charges, interest rate calculations, and indexing.
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Templates for Improving Annuity Disclosure
Posted 1/30/2008.
Templates, guidelines, and instructions
for life insurers to prepare disclosure
documents for fixed, index, and variable
annuities. As directed by its Board of Directors, ACLI is working with state and federal regulators to have the templates become part of the regulatory regime.
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