Consumers now manage much of their financial futures, needing self-directed options for fund accumulation and retirement distribution. Annuities serve this purpose. This course covers annuities for long-term asset accumulation and income distribution, detailing their design, benefits, costs, limitations, funding, growth, taxation, and retirement income distribution. It concludes with suitability and disclosure requirements, highlighting appropriate and inappropriate uses.

• 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 under amended Regulation 187