Effective June 9, 2017, the Fiduciary Rule applies to recommendations, made for a fee which includes insurance commissions and other forms of compensation, to ERISA Plans; plan participants and beneficiaries and IRA Owners. Recommendations of annuities, insurance products and investments that were sales activities in the past are now to be treated as fiduciary advice. Therefore, you now have specific Fiduciary Duties that apply under the DOL Fiduciary Rule.
The linked document contains the fundamentals of the fiduciary rule and a checklist of the duties to help keep yourself on track.
It is with mixed emotions that we announce the retirement of Sheila McAllister from the Marketing Department of TBA. Sheila has been a part of TBA since 2000 and has given us 17 years of loyal service.
Sheila has relocated to Jacksonville, FL and will begin her well deserved retirement there. Her last day at TBA will be June 30th.
Please join us in saying "great job Sheila!" All of us at TBA will miss her contributions and extensive knowledge of the life insurance industry.
No matter how onerous the additional compliance and regulation work looks initially, Ian Green, Executive Committee Nominee, shares how it can be turned into an opportunity to provide better client service and qualify for Top of the Table every year. Presented at the 2017 Annual Meeting.
SBLI has a program that will allow clients 18-60 applying for $500,000 or less to purchase coverage and never have to do an exam.
We feel like saving time in underwriting and delivering a better customer experience is worth the extra cost. In fact, beginning April 3, 2017, we will be contacting you about the option of moving a case each time we receive an application that fits into the parameter of the program.
The TBA Mobile App was designed to give advisors the ability to be more efficient while away from the desk. This app has all of the tools needed to create sales as well as process paperwork more efficiently. It can be downloaded on your phone or tablet. It is available to download for free from the app stores of A
ndroid, and Kindle.