Annuities (Meets Suitability & Best Interest Guidelines) - TX
Insurance Continuing Education in Texas
4 credit hours
* A roster fee of $0.88 per credit is required to file Insurance Continuing Education credit in Texas. 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:
July 31, 2024 (301 Days)
CE for CFP® Professionals
In this course you will be introduced to terms and concepts used in connection with annuity contracts. Each new term is defined in the text and included in the Glossary. The concepts are explained and, where appropriate, are demonstrated through the use of examples.
At the conclusion of each lesson, a Chapter Review is presented to test comprehension of the material presented in the chapter. A response is given to each answer you select to the questions in the Chapter Review affirming the correct choice or explaining why the choice you selected was incorrect.
This information is important for agents selling annuity contracts to customers and for advisers assessing the appropriateness of an annuity contract for a client. An understanding of the operation, advantages and disadvantages of annuities and the methods used to determine their cash value will assist the agent and adviser to better serve consumers and help ensure that annuity contracts are recommended and purchased only when they are suitable to meet client needs.
Learning Objectives: Upon completion of this basic course, the student should be able to:
- Describe a typical annuity buyer and the principal reasons individuals buy annuity contracts
- List the characteristics of annuities and the benefits of tax deferral
- Explain how variable annuities work
- Identify the cash value management tools available to a variable annuity contract owner
- List the factors to be considered in determining variable annuity suitability
- Calculate interest to be credited under various fixed annuity contracts
- Explain the operation of indexed annuities
- Describe how annuities are taxed
- Recognize the requirements imposed on the sale of variable annuities under Regulation Best Interest
PLEASE NOTE: In most cases, completion of this course in a Non-Resident state will not be eligible for insurance continuing education. You will be issued a certificate showing completion of the course to meet your Annuity Training requirement for the ability to sell, solicit and negotiate annuity products for your carriers.
This course has been certified by:
Rules for Texas Insurance Continuing Education
- This state allows for course material to be downloaded. Please note that not all courses will have content that is suitable or available for downloading.
- Exam is open book.
- During examinations and interactive inquiry periods, licensees may use course materials or personal notes, but may not use another person's notes, answers, or otherwise receive assistance in answering the questions from another person.
- Effective September 1, 2015: For all licenses issued or renewing on and after September 1, 2015, which formerly required 30 hours of continuing education (CE) during each license period, only 24 hours of CE is now required for each license period. Remember that only half (1/2) of your credits may be completed in a self-study format!
- The state of Texas charges an additional fee of 88 cents per credit hour.