AmeriLife’s business strategy to meet strict requirements for compliance with the Department of Labor’s complex Fiduciary Rule –  and the unique approach the company has taken – is the subject of a recent insurance industry magazine article. CEO Scott Perry talked to ThinkAdvisor about how AmeriLife formed a Registered Investment Advisor arm and qualified for financial institution status in a two-pronged approach to satisfy the stringent DOL guidelines. AmeriLife also created a DOL Rule Information Center called DOLSolutions.com, an Internet platform with DOL-related news, tools and training components to help agents and others associates prepare for DOL Fiduciary Rule applicability. “The bulk of our work involved building systems, compliance checks and business processes needed to serve as a financial institution,” Scott Perry told the magazine. “These preparations were needed not only to satisfy the regulators, but also to secure partnering carriers’ stamp of approval.”

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