Tuesday, March 07, 2006

 

Indies get inventive in helping reps push insurance products

Independent-contractor broker-dealers are becoming ever more inventive in devising ways for registered representatives and advisers to sell insurance products, some of which securities regulators have pointed to as vulnerable to sales abuses.

In December, an insurance marketing company, Asset Marketing Systems Insurance Services LLC of San Diego, said it had opened an independent broker-dealer that specializes in helping reps sell equity index annuities, a fixed-insurance product that has become a target of securities regulators.

Indies get inventive in helping reps push insurance products
Source: Investment News (subscription required)

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