The NAIC, National Association of Insurance Commissioners, has proposed a significant rule change to it's members in all 50 states which will dramatically take the pressure of life insurance companies reserve requirements. This somewhat mundane and obscure change have a huge impact, estimated at 24 to 26 billion dollars, and free up a huge amount of capital for life insurance and annuity companies. If you are wondering about the safety and security of annuity contracts and life insurance, this broadcast from Mark Wahlstrom of The Legal Broadcast Network should ease your fears. The anxiety over companies such as Prudential Insurance, Met Life, Hartford Financial, Genworth and Lincoln Financial is dramatically over blown, and many of the headlines have been related to the need for companies to increase their reserves. Listen in and get a glimpse as to why things are about to get a whole lot better.
Orignal From: Annuity rule changes and the NAIC
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