Financial Advisor: Concern Mounts On Whether New Rules Will Apply To Indexed Annuities
Birmingham-based Attorney, Rhett Owens, was quoted in an article for the Financial Advisor. The article was published on December 8, 2015 and titled "Concern Mounts On Whether New Rules Will Apply To Indexed Annuities."
"There's been a lot of concern recently," says Rhett Owens, a commercial litigation attorney at Burr & Forman, in Birmingham, Ala. "People may or may not have resigned themselves to the fact that VAs are going to be subject to this 'best-interest contract exemption,' as it's called, but if indexed annuities get lumped in under that BICE, it will be a sea change."
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