Selling Annuities Post DOL Rule
Threats to Brokerage General Agency and Independent Agents
The Broker General Agent (BGA), sometimes referred to as Managing General Agent (MGA), acts as an independent firm or contractor working for numerous insurance companies whose main function is to support the sale of one or more insurance products by select insurance brokers/agents (producers). Producers then sell the policies to their clients. BGA’s can
specialize in one segment of the insurance industry, or sell policies across a wide range of companies and products including fixed annuities, fixed index annuities and non-variable forms of life insurance.