FBL Financial Group Comments on SEC Index Annuity Rule Proposal

FBL Financial Group opposes the regulation of the sale of index annuities by the Securities and Exchange Commission. The SEC’s proposed rule on index annuities was discussed at its open meeting held yesterday, and would require future registration of nearly all index annuities as securities. FBL regularly monitors the regulatory environment and has discussed contingency plans for a variety of scenarios. With the SEC’s 96-page release discussing the proposed rule being published today, FBL will take the proper time to review and analyze this proposed rule and determine its course of action. FBL is prepared to adapt as necessary during the announced 12 months between publication and effectiveness of any final rule. FBL is currently a variable product writer and has experience with registered investment products.

FBL Financial Group Comments on SEC Index Annuity Rule Proposal
Source: Yahoo! Finance