Annuity rule changes and the NAIC
The NAIC, National Association of Insurance Commissioners, has proposed a significant rule change to it’s members in all 50 states which will dramatically take the pressure of life insurance companies reserve requirements. This somewhat mundane and obscure change have a huge impact, estimated at 24 to 26 billion dollars, and free up a huge amount of capital for life insurance and annuity companies. If you are wondering about the safety and security of annuity contracts and life insurance, this broadcast from Mark Wahlstrom of The Legal Broadcast Network should ease your fears. The anxiety over companies such as Prudential Insurance, Met Life, Hartford Financial, Genworth and Lincoln Financial is dramatically over blown, and many of the headlines have been related to the need for companies to increase their reserves. Listen in and get a glimpse as to why things are about to get a whole lot better.
Duration : 0:10:15
In this weeks edition of Speaking of Settlements, Mark Wahlstrom discusses the recent decision by the NAIC to not cave into the pressure of the moment from the life insurance industry to relax the reserve and financial requirements that protect policyholders. 
In this update on the current concerns about life insurance company and annuity market security, Mark Wahlstrom, host of The Settlement Channel discusses the over blown media coverage that has raised unreasonable fears. While people and advisors need to be reasonably cautious about life insurance company ratings, the fact is that most of the news surrounding life companies and annuities is related to earnings issues and potential ratings downgrades and not an issue related to solvency. Learn the facts about life insurance annuity solvency and protect your annuity or insurance contract. The news isn’t as bad as they say but you need to be aware and careful.