Individual Retirement Accounts - CFP®

CFP® Certification CE

Take This Course

$18.75

3 credit hours

Price includes
CFP® Course :
$15.00
Roster Fee :
$3.75

* A roster fee of $1.25 per credit is required to file CFP® Certification CE credit. That fee is collected as part of your purchase and is then used to pay for the filling of your credits.

If purchased today, this course must be completed by:
December 31, 2023 (28 Days)

The final exam will not be available until the CFP® professional has completed the required coursework.
Description

In this course we will review some of the fundamental concepts and some of the complex coverage details about annuities, variable annuities and several insurance-like investment products called “contracts.” In addition, we will also provide answers for the most common questions you may encounter from your clients about these products. We will cover the important terms and definitions related to annuities and annuity suitability—which are sometimes slightly different than the terms and definitions used by insurance policies. We will also consider the various optional benefits, modifications and additions that are commonly desired by annuitants and their beneficiaries. We will also cover how annuities are underwritten, the advantages and disadvantages of group contracts and tax treatment of the various types of annuities. You will read some interesting and important case studies to bring this topic to life. We detail the most recent issues that have come up in the real world of providing these products to consumers. Finally, an appendix to this text includes annotated and simplified excerpts of the relevant portions of your state’s Insurance Code dealing with annuities and investment contracts.

Learning Objectives:

  • Understand fundamental concepts of annuities, variable annuities, and similar investment products.
  • Be able to answer common questions from clients about annuity products.
  • Know the differences between terms and definitions of annuities vs common insurance policies.
  • Learn how annuities are underwritten

Exam Details

Need Proctor?No
Question Count:15
Passing Grade:70%
Attempts to Pass:Unlimited
Note: If you choose to request additional credit types while taking this course, the number of exam questions and proctor rules may change to meet those credits' requirements.

Course Details

Course Number:265596
Approved Title:Individual Retirement Accounts
Approved Credits
3 credits in CFP® CE Credit
Provider:InsuranceStudy.com
Provider Number:4717
Topics Covered:General Principles of Financial Planning, Retirement Savings
Program Level:Intermediate

Rules for CFP® Certification CE

  • Course material may be downloaded. Most online materials will have a PDF version available on your dashboard to download.
  • Exam is open book. You will not be able to access the online materials at the same time as the exam, but you may use your notes and the PDF download of the material, if that is available for your particular course.
  • You must review the entire course before viewing or completing the exam.
  • The state of National charges an additional fee of $1.25 per credit hour.