Paul J Winn - California 8-Hour Annuity Training Course

Overview

Annuities have long provided important guarantees. They offer a stable income that can continue for the buyer’s lifetime, and that income may be based on guaranteed interest rates. Through these means, purchasers of annuities have the opportunity to save money for a long-term objective—a primary one being financial stability during one’s senior years.

The state of California requires insurance producers who want to sell annuity products to complete an 8-hour training course. The purpose of the course is to provide students with a thorough understanding of annuity contracts, their provisions and benefits, the various types of annuities that are available, their uses and tax treatment, and their advantages and disadvantages. The course also explains an agent’s role in the solicitation and sale of annuities and the appropriate sales practices that must be followed, notably with respect to senior consumers.

This course covers all of the required topics cited on the Department of Insurance’s training outline, and has been accredited by the Department as an approved 8-hour course of study for this annuity training requirement.

Learning Objectives

Upon completion of this course, students will have a thorough understanding of:

  • annuity contracts in general:  their provisions and benefits, tax treatment and uses, advantages and disadvantages
  • the various types of annuities that are available to today's consumer
  • qualified plans and annuities
  • the agent's role in the solicitation and sale of annuities
  • appropriate sales practices for California insurance and annuity agents,with emphasis on senior consumers 

Designed For

Life and health insurance agents
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