Course Outline
Common Policy Features
Free-Look Period
- Plus One – 30 days
- Encore and SPIA – 20 days or 30 days
(varies by state)
Ownership
- Non-qualified – policyowner may transfer ownership
- Qualified – policyowner must be the annuitant
Assignment
- Non-qualified – policyowner may assign any benefits
- Qualified – neither policy nor benefits are assignable
