Course Outline
- Course Overview
- Overview
- Instructions
- Annuity Suitability Best Interest
- Suitability/Best Interest Assessment
- Suitability/Best Interest Assessment: Purchase & Replacement
- Suitability Acknowledgement / Consumer Profile Information Form
- Common Policy Features
- Single-Premium Deferred Annuities: Premiums and Fees
- Interest Rates
- Policy Surrender
- Policy Maturity
- SPIA: Premiums
- SPIA: Payout Options
- Take the Quiz (8 Questions)
Suitability/Best Interest Assessment
Assessment
Based on facts disclosed by the consumer:
- other insurance products and investments, and
- financial situation and needs
Based on facts disclosed by the consumer:
- 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)