Jim Poolman

Executive Director at Indexed Annuity Leadership Council (IALC)
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Bio

Jim Poolman serves as the Executive Director of the Indexed Annuity Leadership Council (IALC), a coalition of life insurance companies that have come together to increase the dialogue surrounding fixed indexed annuities (FIAs).

In addition to serving as the IALC’s Executive Director, Poolman has been elected twice to serve as North Dakota’s Insurance Commissioner. While Commissioner, Poolman worked to strengthen laws to protect citizens against insurance fraud. Under Poolman’s leadership, the scope of consumer protection widened, in North Dakota and nationally, as he spearheaded landmark legislation related to suitability of sales, life settlements, among a host of others. Poolman has also held many leadership posts with the National Association of Insurance Commissioners (NAIC) during his tenure, serving as Chairman of the Life Insurance and Annuities Committee for two years and Vice President of the organization in 2004.

Before being elected Insurance Commissioner in 2000, Poolman served four terms in the North Dakota House of Representatives and was a trust officer for the Bremer Bank. In 2007, Poolman left his post to start an independent regulatory consulting practice. He advises insurance companies and producer clients on regulatory issues, working with regulators on their behalf.

Recent Quotes
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  • Advisors need to know what concerns the client has to recommend a balanced portfolio tailored to their specific needs. A client worried about outliving their retirement savings must be educated on saving, investing and products that provide lifetime income, like fixed indexed annuities.

    1 October 2020
  • By 2030, one in five Americans will be older than 65, according to the U.S. Census Bureau. While not everyone in this category will have stopped working, it does illustrate the sheer size of the population that can be affected by poor retirement planning.

    15 January 2020
  • The Secure Act’s most impactful changes are designed to expand access to employer-sponsored retirement products and help savers think about their nest egg in terms of lifetime income, which is ultimately the point of retirement savings to begin with. Smart financial professionals already incorporate these goals into their strategies; the provisions contained in the Secure Act would only make it easier.

    15 January 2020
Employment
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