Pulse on the Industry
DBS is committed to being your trusted partner, and as part of that we strive to be the most up-to-date source of information for you on current topics affecting financial professionals. Check this page frequently for news and information that will affect you and your clients significantly.
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Opportunities to Increase Life Insurance Sales
We continue to examine the life insurance industry and determine how things have changed as carriers respond to the pandemic, what things may be reaching a new normal, and considering “life after COVID,” or how things may have changed permanently. Through all of it, we continue to try to identify the opportunities that exist throughout the constant change.
Watch this page for updated information and tools for taking advantage of the opportunities.
The SECURE Act and SECURE 2.0
The Setting every Community Up for Retirement Enhancement (SECURE) Act was signed by President Donald Trump in December 2019 and became law as of January 1, 2020. The new legislation affects Americans at every age and presents several opportunities for financial professionals.
On June 22, 2022, the Senate Finance Committee advanced provisions that form its version of what has been called SECURE 2.0. The House passed its version in a bipartisan 414-5 vote in late March. Both bills aim at increasing retirement savings and expanding availability and participation in employer sponsored retirement plans. There is optimism that the House and Senate will be able to iron out the differences in their proposals before the end of the year.
