ONLINE ANNUITY TRAINING COURSES

ONLINE ANNUITY TRAINING COURSES FROM WEBCE

Today, consumers must shoulder much of the responsibility for managing their own financial futures. They need self-directed options and self-directed ways to accumulate funds for their futures and to safely and efficiently distribute those funds during their retirement. For these purposes, the insurance industry offers a unique vehicle: the annuity.


WebCE offers a large selection of online annuity training courses, including our 4-hour annuity training courses and courses covering the NAIC's updated Best Interest standards under its revised 2020 Suitability in Annuity Transactions Model Regulation. We also offer annuity training corporate solutions that include discounted rates, along with dozens of insurance continuing education and workplace training courses. 


Course Catalog   Corporate Solutions   State Adoptions of Revised Standards

Online Annuity Training Courses - Suitability and Best Interest

ANNUITY TRAINING CORPORATE SOLUTIONS

Your company is unique, and your company training and corporate education programs should be too. At WebCE, we develop custom corporate education solutions uniquely designed to meet your company's needs, including annuity training.

 

To enhance your company's annuity training program, WebCE also offers completely up-to-date education courses for a variety of license types and designations including courses for insurance agents and producers, financial planners, CPAs, tax preparers, Enrolled Agents, and more. Hundreds of companies make our professional education courses available to their employees through discount programs, voucher programs, or invoiced programs. With our online learning portals, your company's management will also have access to real-time reports, online invitations, renewal reminders, and more.


As a WebCE partner, your company can also save significant amounts of money using our corporate discount programs. On average, our corporate clients save 20% by taking advantage of volume discounts through our invoicing programs or voucher programs.


To learn more about WebCE's corporate annuity training solutions, use the form on the left to contact our corporate sales team, or click the link below to visit our Corporate Sales page.


WebCE Corporate Programs

ANNUITY BEST INTEREST TRAINING COURSES

In February 2020, the National Association of Insurance Commissioners (NAIC) approved an extensive update to its long-standing Suitability in Annuity Transactions Model Regulation. The result is a revised, consumer-focused set of standards and practices that elevate a consumer’s best interest as the core component of any and all annuity recommendations and sales.


The biggest change the model brings about is an upgrade in practice standards and requirements from ensuring the suitability of an annuity recommendation or sale to ensuring that an annuity recommendation or sale meets the consumer’s best interest. While this requirement to the client's best interest is more encompassing than the prior suitability standard, but is not a fiduciary standard.

STATE ADOPTIONS OF REVISED SUITABILITY IN ANNUITY TRANSACTIONS MODEL REGULATION

STATE ADOPTIONS OF REVISED SUITABILITY IN ANNUITY TRANSACTIONS MODEL REGULATION

The NAIC's revised Suitability in Annuity Transactions Model Regulation and new Best Interest standard is being adopted on a state-by-state basis, and states are not required to adopt the revision. However, if your state does not adopt the updated model regulation, this may lead to additional annuity training requirements.


The map to the right shows each state's adoption status of the updated model regulation. State's that have been highlighted green on the map have officially adopted the revised Suitability in Annuity Transactions Model Regulation and Best Interest training standard, while the yellow states are considering adopting the new model regulation in the near future.


Map last updated February 2021.

 

Map of states adopting Annuity Transactions Model Regulation