The rule would cause «extraordinary» harm to the $ 50 billion industry, Bartz said, noting that 60 % of fixed
indexed annuity sales go through individual insurance agents.
In addition, 12 percent of fourth quarter
indexed annuity sales went to a fixed (bond) index, Wink reported.
Not exact matches
While parts of the rule
went into effect June 9, provisions strictly regulating the
sale of variable and fixed
indexed annuities are delayed until July 1, 2019.