Fiduciary Life

The New York State Department of Financial Services (NY DFS) has issued a Best Interest Rule for life insurance, which re-defines the meaning of “clients’ best interests” for product recommendations to be more consistent with other fiduciary rules, and requires life insurance producers to act in the best interests of the consumer. Our panel will explore how this might change the insurance industry, and how it could impact the practices and recommendations of NAPFA advisors?