Of the latter, of whom it is said, Juventutem egit erroribus,
imo furoribus, plenam.
As
IMOs have grown in size, many have discovered that their compliance risks have also grown.
Traditional fixed annuities are specifically excluded, and
IMOs will be unaffected to the extent they distribute those products.
Attached near the top of a 90-metre-long mooring line and beneath a series of floats, it will conduct trial recording of the sea's temperature, chemical make-up and plankton density as part of the state-of-the-art Integrated Marine Observing System (
IMOS).
As might be expected, some BGAs are transforming themselves into
IMOs or becoming hybrids.
I am an industry veteran with over 25 years of experience selling life and annuity products both from a licensed producer and wholesaler
IMO standpoint.
While the carriers have traditionally relied on
IMOs to support FIA sales, if that layer of support and expertise evaporates, carriers will need to adjust for the missing support.
Carter reinforces a central point made in my article "Top 10 List: What to look for in an
IMO." Please refer to this direct quote from the article:
Public Web sites are available where you can learn which
IMOs are owned by insurance companies.