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Industry Spotlight > Broker Dealers

Annuities Find New Opportunities with Banks, Broker-Dealers

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At the 2011 IMO Summit, being held this week in Boca Raton, Fla., much has been discussed about the traditional players such as carriers and marketing organizations. But there have been some interesting side topics as well.

One topic that went viral is the death of fugitive Libyan dictator Muammar Qaddafi, who was killed in a vicious fire fight around his hometown of Sirte. 

But that’s not been the only hot topic. Forever, it seems, annuities have been the sole bastion (or at least it seems that way) of the traditional insurance carriers. But that’s changing.

Alan Grissom, vice president of insurance at Standard & Poor’s, explains the changes and opportunities in the annuities field, as such disparate entities as banks and broker-dealers, among others, have already begun to jump on the annuity bandwagon. Grissom describes the changing landscape in our exclusive video interview. 

While this will add competition to the field, the carriers and marketing organizations seem to welcome the addition of banks and broker-dealers because this will add additional creditability to the much-maligned annuity products.

Stay tuned as we provide additional information on this hot topic.