Annuity Suitability

National Association of Insurance Commissioners (NAIC) produced a model law for annuities dealing with suitability. This model law was adopted by most states to protect their residents. The law requires insurance producers to complete a one time training on Annuity Suitability.
The topics covered include: general provisions in an annuity contract, common features of annuities, annuitization of annuities, and difference between the products. The course covers fixed annuities, fixed indexed annuities and variable annuities including benefits and features of each.