{"id":584,"date":"2024-08-08T18:53:05","date_gmt":"2024-08-08T18:53:05","guid":{"rendered":"https:\/\/www.insurancestudy.com\/blog\/?p=584"},"modified":"2024-12-11T05:50:34","modified_gmt":"2024-12-11T05:50:34","slug":"annuity-best-interest-training","status":"publish","type":"post","link":"https:\/\/www.insurancestudy.com\/blog\/2024\/annuity-best-interest-training\/","title":{"rendered":"Annuity Best Interest Training"},"content":{"rendered":"\n

As of 2020, Annuity Suitability training that includes the “Best Interest Standard” became a mandated training requirement for any insurance producer who sells, solicits, or negotiates an annuity product. This requirement was outlined in the NAIC Suitability in Annuity Transactions Model Regulation<\/a>. Following the issuance of this model regulation, states have adopted a 4 Hour training mandate. Annuity Best Interest certification courses are offered by continuing education provider who have been approved by the state to deliver insurance CE.<\/p>\n\n\n\n

The newly adopted training standard is different than what was required in the original 2010 Suitability training. All producers who sell annuity products within a given state are subject to this new training requirement once it has been adopted by that state. There are a few states yet to implement the requirement and each producer should verify the requirements of not only their resident license state, but any state where they sell annuity products. Producers must meet the minimum training requirement for all states they sell in.

Existing producers<\/strong> have the option to complete either:<\/p>\n\n\n\n