Course Outline
Suitability/Best Interest Assessment
Assessment
- Based on facts disclosed by the consumer:
- other insurance products and investments, and
- financial situation and needs
- Based on the agent’s good judgment
- Use the Suitability Acknowledgment or Consumer Profile Information form and questions in the Agent’s Guide
Suitability Acknowledgment/Consumer Profile Information Form
- Required with every annuity application and every life insurance application when replacing an annuity
- If not submitted, agent is notified and has 14 days to submit the completed form, or the application will be closed
Agent Disclosure for Annuities Form
- May also be required in some states (2020 Model)
