Annuity

Great American – The DOL Fiduciary Rule

The DOL Fiduciary Rule that was proposed on April 20, 2015 is one step closer to becoming final. Following a series of public hearings, the rule continues on a fast track and is anticipated to take effect in 2016, prior to the conclusion of the Obama administration.  The proposed rule would change the definition of fiduciary and require producers to act in their clients’ best interests. Great American believes their producers already act in the best interests of their clients and the rule would prevent many middle-class Americans from receiving the retirement investment advice they need.  It’s not too late to let your voice be heard. Please join the effort to stop the proposed rule from becoming final and email your comments to e-ORI@dol.gov by September 24, 2015. Thank you for your attention to this important and time-sensitive matter. 
Life Insurance

Jobs Growth = Life Insurance Opportunities

Presented by Brian Leising Looking for life insurance prospects? Follow the U.S. Department of Labor’s monthly jobs report to find your target markets. From the report for August 2015: “Total nonfarm payroll employment increased by 173,000 in August, and the unemployment rate edged down to 5.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care and social assistance and in financial activities. Manufacturing and mining lost jobs.” How can this help you? First of all, this is great news! Unemployment is at its lowest point in seven years. People have jobs. If they have jobs, they have income to protect and cash flow for life insurance premiums. If you work with business owners, target employers in the growing industries of health care, social assistance and financial activities. If they’re hiring, they’re growing and need help with benefits. Employees in the declining industries of manufacturing and mining may become retirement planning prospects as they leave the employer that sponsored their 401(k).