Poll: Biggest Concerns with Final DOL Rule

What is your biggest concern with final DOL rule?

  • Everything – it has me terrified

    Votes: 0 0.0%
  • BICE compliance

    Votes: 2 6.1%
  • Carriers lowering up-front compensation

    Votes: 4 12.1%
  • Fulfilling fiduciary duty requirements

    Votes: 5 15.2%
  • What is “reasonable” compensation?

    Votes: 9 27.3%
  • Scares me from selling some products

    Votes: 3 9.1%
  • Tougher for new advisors to get started

    Votes: 4 12.1%
  • Nothing – business as usual

    Votes: 11 33.3%

  • Total voters
    33
I would rather NOT have a portion of my income published to every prospect requesting a quote.

And you won't have to under the new Regs. The disclosure will be part of the application, not the illustration. This was a big issue for the industry and the final Regs made it very clear that disclosure may take place at the time of sale, and is not required at time of proposal.
 
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