Annuities (Meets Suitability & Best Interest Guidelines) - OK

Insurance Continuing Education in Oklahoma

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$16.95

4 credit hours

Price includes
CE Course :
$12.95
Roster Fee :
$4.00

* A roster fee of $1.00 per credit is required to file Insurance Continuing Education credit in Oklahoma. 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 12, 2025 (365 Days)

Oklahoma insurance continuing education will require you to complete an Affidavit of Personal Responsibility as part of the exam process. *New!* The affidavit is now completed online as part of the final exam.
Description

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:

  1. Describe a typical annuity buyer and the principal reasons individuals buy annuity contracts
  2. List the characteristics of annuities and the benefits of tax deferral
  3. Explain how variable annuities work
  4. Identify the cash value management tools available to a variable annuity contract owner
  5. List the factors to be considered in determining variable annuity suitability
  6. Calculate interest to be credited under various fixed annuity contracts
  7. Explain the operation of indexed annuities
  8. Describe how annuities are taxed
  9. 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.

Exam Details

Need Proctor?No
Question Count:50
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:6000152528
Approved Title:Annuities (Meets Suitability & Best Interest Guidelines)
Approved Credits
4 credits in Annuity Best Interest 4 Hours
Provider:InsuranceStudy.com
Provider Number:2086
Topics Covered:Annuities, Annuity Best Interest
Program Level:Intermediate

This course has been certified by:

ClearCert Seal
Annuity Seal

Rules for Oklahoma Insurance Continuing Education

  • Course material may not be downloaded.
  • Exam is closed book.
  • The state of Oklahoma charges an additional fee of $1.00 per credit hour.