Insurers prepare agents for rep status, albeit reluctantly
Even as they fight a rule that would treat indexed annuities as securities, many insurers are pre-paring their agents to become registered representatives, should the rule become law.
The nation's leading indexed-annuity seller, Allianz Life Insurance Company of North America, is leading the charge to prepare agents for the switch, providing them with intensive training for securities-licensing exams.
Aviva USA, another major indexed-annuity provider, is also gearing up for the
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