Insurance CE >> New York >> Life / Health

4-Hour Annuity Training Course for New York Producers

Course Details


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Last Reviewed: 

February 2019

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Exam Requirements

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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.

This course offers a thorough orientation to annuities and their application for long-term asset accumulation and income distribution. The course explains the design and function of these unique products as well as their benefits, costs, and limitations. It examines how annuities are funded and how they grow. Moreover, the course explores the use of annuities for retirement income distribution and examines how these unique products are taxed. The course concludes with an in-depth look at the suitability and disclosure requirements that attend to the sale and placement of these products and explores the needs for which they are and are not appropriate.

Learning Objectives

Upon completion of this course, students will be able to:
  • demonstrate an understanding of the purpose and application of annuities
  • describe the basic types of annuity products
  • explain the operation and function of fixed, indexed, and variable annuities
  • articulate how an annuity’s product features can support and advance various client objectives
  • demonstrate an understanding of how annuities are taxed
  • describe the best interest standards and suitability requirements that New York imposes on producers (and insurers) for annuity and life insurance recommendations and transactions


Designed For

Life and health insurance producers; financial planners and advisors.
Exam Requirements: Self-Study exams are closed-book and must be monitored by a NY Approved Monitor.

Please Note: Due to the COVID-19 public health threat, the New York State Department of Financial Services Licensing Services has waived the requirement to have an approved monitor present when taking an insurance CE course final exam until further notice.
Approval Entity
ClearCert assists leading insurance carriers with their responsibility to certify producer compliance with mandatory AML, Annuity, LTCI, and Flood training requirements. WebCE has participated in the ClearCert network since the company was founded in 2008 to ensure producers receive full credit from their carriers for their course completions. WebCE will automatically report completion of this course to ClearCert.