Annuity Suitability and Best Interest - Michigan
Enter the annuity market with our 4-hour course! Fulfill your one-time certification requirements and begin selling annuities with confidence.
Approval: #90275
Credit Type: Life and Health
Credit: 4 Hour(s)
Leading business solution for your company's regulatory training. Learn more.
About this Course
This 4-hour Annuity Best Interest course ensures you understand the importance of acting in consumers' best interests and teaches you how insurers supervise recommendations. You'll learn all about annuity sales standards, ensuring consumers are well-informed and protected.
This program covers everything you need to know about annuities, including distribution options, taxes, and different types like Fixed, Variable, and Indexed annuities. We'll also go over the rights and responsibilities of everyone involved in annuities, explain taxation for different types, and discuss primary uses.
Successful completion of this course satisfies the initial Annuity Certification course requirement.
Course Facts
What You Get
Certificate of Completion
Duration
4 Hours
Learning Type
100% online, available 24/7
Course Access
Courses Available 24/7
Course Structure
At your own pace, save progress as you go
Course Updates
Content is updated and current
Topics Covered
- Lesson 1: Attitudes, Utilization, & Training
- Lesson 2: Best Interest
- Lesson 3: The Types of Annuities and Various Classifications of Annuities
- Lesson 4: The Types of Annuities and Various Classifications of Annuities
- Lesson 5: How Product Specific Annuity Contract Features Affect Consumers
- Lesson 6: The Application of Income Taxation of Qualified and Non-Qualified Annuities
- Lesson 7: The Primary Uses of Annuities
- Lesson 8: Appropriate Standard of Conduct, Sales Practices, Replacement and Disclosure Requirements
What You’ll Learn
Upon completion of this course, you will be able to:
- Define the types of annuities and various classifications of annuities.
- Identify the parties to an annuity.
- Explain how fixed, variable and indexed annuity contract provisions affect consumers.
- Describe the application of income taxation of qualified and nonqualified annuities.
- Define the primary uses of annuities.
- Elaborate on the appropriate sales practices, replacement and disclosure requirements.
Regulatory Information
| Name: | Michigan Office of Financial and Insurance Services |
| Phone: | 877-999-6442 |
| Fax: | 517-241-3953 |
| Website URL: | https://www.michigan.gov/difs |
| Email Address: | ofir-licensing@michigan.gov |
| Address: | 611 W. Ottawa strret |
| City: | Lansing |
| State: | MI |
| Zip: | 48933 |
Buy in Bulk Across The Entire Course Catalog
360training's extensive course catalog includes over 6,000 courses in a variety of different industries. Browse our complete course catalog, select all the courses you need, and calculate your savings.
Buying for a Team or Group?
Interested in bulk discounts and flexible billing options on our expansive library of Insurance Education courses? Connect with our Corporate Sales Executives today!
Upgrade your LMS to Include Manager-Level Access
- Assign Courses
- Tracking Employee Progress
- Maintain and Organize Records
Have a question or need help? Click here to start a chat with our support team.
Start a
live chat
Call us
877-881-2235