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1 Hour Annuity Training: The "Best Interest" Standard - CFP®

CFP® Certification CE

Take This Course

$20.00

1 credit hour

If purchased today, this course must be completed by:
July 31, 2022 (189 Days)

Description

Insurance producers recommending and selling annuities are required to consider the client benefits and concerns associated with annuities and their impact on the particular client before recommending them. They must ensure that an annuity recommendation serve the client’s best interest and that the client will be able to benefit from one or more of the product’s features. For an annuity recommendation and sale to be deemed suitable and in the best interest of the client, an insurance producer must disclose certain information, including the important annuity features—resulting in any client advantages or disadvantages—to the client.   

Learning Objectives: Students who have completed this course should be able to

  • Define suitability and the requirements of Regulation Best Interest in the context of an annuity transaction;
  • Describe the client information required to perform an appropriate annuity suitability analysis and determine if an annuity recommendation is in the client’s best interest;
  • List the types of information that must be disclosed when making an annuity recommendation;
  • Identify those situations in which an insurance producer has no suitability or best interest obligation to the client; and
  • Describe the recordkeeping obligations to which insurance producers are subject in connection with recommended annuity transactions.

Exam Details

Need Proctor?No
Question Count:25
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:296201
Approved Title:1 Hour Annuity Training: The "Best Interest" Standard
Provider:InsuranceStudy.com
Provider Number:4717
Topics Covered:Annuities
Approved Credits
1 credit in CFP® General
Program Level:Intermediate

This course has been certified by:

ClearCert Seal

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.