Insurance CE > Minnesota > Life / Health

Guaranteed Living Benefits for Variable Annuities

Overview

Variable annuities’ investment performance mirrors equity markets. To mitigate downside risks, contract owners use guaranteed living benefits (GLBs). This course details four common GLBs: guaranteed minimum accumulation, income, withdrawal, and lifetime withdrawal benefits. It covers their features, functions, and protections, and addresses the needs they meet and suitability issues.

Summary Details

Hours

5.0

Price

$16.95







Learning Objectives

  • describe the types of guaranteed living benefits available to contract owners
  • explain how insurers use a hypothetical benefit base to determine the amount of each guaranteed living benefit
  • identify the concerns and suitability issues associated with the recommendation of a guaranteed living benefit
  • describe the process by which a contract owner may access the various guaranteed living benefits


Designed For:

Life and health insurance producers and finance professionals

Important Study Requirements: The Minnesota DOC does not permit agents to access the final exam until the student's time in the course (no more than 8-hours a day) equals the number of approved credit hours. The course must be stopped if the student is inactive for more than 10 minutes.


Course Information

Adding additional credit may change exam requirements.

Access Period: 12 months
Prerequisites: None
Delivery Method: Self-Study
PDF Download: Not Available
Provider of Record: WebCE
Provider Number: 21015056
Study Level: Intermediate
Approved For: Life / Health

Exam

Proctor: No
Passing Grade: 70
Questions: 25



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