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Annuity Suitability: 4-Hour Training Course, 2nd Edition

Topic

General Principles of Financial Planning

Program ID

201852

Hours

3

Format

Self-Study / Traditional course (50+minutes)

Complexity

Intermediate

Description

This course was developed to satisfy the NAIC annuity training course requirement. Learn the fundamentals of the annuity contract, suitability, and sales practices. Learn about variable and fixed annuities, single and periodic premiums, and immediate and deferred annuities. Appropriate uses for different annuities and tax rules are also discussed.

Learning Objectives

Learning objective 1: Explain the characteristics of an annuity, including contribution and distribution options and differentiating between immediate and deferred annuities. Learning objective 2: Compare and contrast annuities (fixed and variable) with other investment alternatives, including an analysis of costs, contract terms, and taxation. Learning objective 3: Recommend an annuity that is suitable for a client's needs.