Regulation of Life Insurance Professionals

As life insurance professionals, AALU members work in the best interest of their clients every day.

Our work helps individuals and families secure their retirement and maintain financial independence in the face of potential catastrophe. AALU members also work with businesses large and small to protect their employees, finance benefit plans, and provide liquidity in a crisis to preserve the business as an ongoing concern.

Life insurance professionals currently operate under a robust regulatory regime that includes State Insurance Commissioners, multiple professional licensing organizations, State and federal consumer protection regulators, and federal securities regulators. In addition, they are subject to detailed requirements by the carriers with whom they work and robust internal supervisory procedures by the broker-dealers with which they are affiliated. They also face frequent and comprehensive regulatory examinations by the regulators who exercise jurisdiction over them.

AALU members’ success is derived from building trusted relationships with their clients. We want the best for our clients. However, sometimes misguided regulation can result in limiting the marketplace and cutting off services from those who need financial guidance and product choice the most. It is essential to ensure product choice and access to professional financial advice is not reduced for American families.