4-Hour Annuity Suitability and Best Interest Standards

Overview

This course offers a thorough orientation to annuities and their application for long-term asset accumulation and income distribution. It focuses on the design and function of these products as well as their benefits, costs, and limitations. We will examine how these products are funded and how they grow. The course explores the use of annuities for retirement income distribution and examines how these products are taxed.

Finally, we will take a look at the best interest and suitability requirements that attend to the sale and placement of annuities and will explore 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
  • explain the elements and requirements of annuity recommendations and sales that reflect the consumer's best interest and effectively address his or her needs and objectives

Designed For

Life and annuity producers; financial advisors and planners
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