SEC proposes variable annuity summary prospectus
November 1, 2018 by Mark Schoeff Jr.
The Securities and Exchange Commission is attempting to help investors grasp how variable annuities work and what they cost, but one skeptic says the agency’s proposal would not deliver plain-language clarity.
The SEC released for public comment Tuesday night a proposal for a summary prospectus for variable annuities and variable life insurance contracts.
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Originally Posted at InvestmentNews on October 31, 2018 by Mark Schoeff Jr..
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