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If granted, the change would make it easier for some indexed annuity distributors to sell commission products under the Labor Department regulation.
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Some indexed annuity distributors are poised to get a shot in the arm from the proposal, which would make it easier for independent agents to sell the annuities under the rule.
Variable annuity sales are headed for their lowest annual sales total in nearly two decades, as broker-dealers embrace indexed annuities and the DOL fiduciary rule looms.