Guaranteed life benefits were included in about 96% of variable annuities sold last year, an increase from the 87% that provided the benefit in 2004, a new survey finds.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.