Did you know …About the Fiduciary Requirements for Selecting an Insurance Guarantee for your Participants?


Posted on March 10, 2015, by Fred Reish in fiduciary, prudent. Comments Off on Did you know …About the Fiduciary Requirements for Selecting an Insurance Guarantee for your Participants?

Insurance guarantees for retirement benefits — such as annuities, QLACs, and GMWBs—are increasing in popularity . . . because they guarantee that the money lasts for a lifetime. However, there is not much guidance about the fiduciary process for selecting a particular annuity or GMWB product to provide those guaranteed benefits. We have written a white paper about issues for selecting GMWB products for Lincoln Financial, which can be found at http://bit.ly/1rtMnFX. This article, found here: http://bit.ly/1yOnoS7, discusses key points from the white paper.

Share






Recent Insights

Best Interest and Best Practices #9

What Does “Best Interest” Mean?

This is the 9th of a new series of articles titled “The Bests.” The series focuses on Best Interest...

Best Interest and Best Practices #8

Fiduciary Training: The Need for Basics

This is the 8TH of a new series of articles titled “The Bests.” The series focuses on Best...

Best Interest and Best Practices #7

SEC Best Interests . . . When? And What About the DOL

This is the 7th of a new series of articles titled “The Bests.”...