Testimony
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Best Interest / Standard of Care
We believe public policy should set up all Americans to live the life they choose through retirement. Consumers need choices, not limits, in their retirement planning. Access to “Main Street” financial professionals is essential and public policy should reflect people’s unique situations, preferences, and ways they want to receive retirement planning information.
Featured Resources
Department of Labor Should Protect Retirement Savers’ Access, Choices
The last thing policymakers should do now is to create more anxiety for those needing some retirement certainty. Unfortunately, that’s exactly what the Department of Labor has done with its first offering.
Best Interest Overview
The life insurance industry is committed to solutions that promote and protect the best interest of Americans. We are for national solutions that support consumers.
What is an Annuity?
Annuities provide protected lifetime income, ensuring peace of mind and financial security in retirement.
Other Resources
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Blog
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SPREAD THE WORD ON A BEST INTEREST STANDARD
People’s retirement planning needs differ — one size does not fit all. Consumers need choices, not limits, in their retirement planning. https://ctt.ec/8cYaG+ #bestinterest
Together, the SEC’s Reg BI and the NAIC’s model best interest regulation will ensure consumers have uniform state and federal protections regardless of where in the United States they live. Learn more. https://ctt.ec/8cYaG+ #bestinterest
As states adopt the NAIC model, America is driving toward a uniform, harmonized best interest standard of care. And America’s consumers will be better off for it. https://ctt.ec/8cYaG+ #bestinterest