Annuity Suitability and Best Interest - South Carolina

About This Course

This 4-hour Annuity Certification course is for South Carolina insurance producers who are either not currently certified in Annuity Suitability or who previously held certification but did not complete the required 1-hour refresher course.

The purpose of this South Carolina-specific course is to ensure that producers act in the best interest of the consumer when recommending annuity products. It also supports the regulatory requirement that insurers establish and maintain systems to supervise these recommendations, ensuring that consumer needs and financial objectives are appropriately addressed at the time of the transaction.

This training reflects enhanced standards for annuity sales, promoting greater transparency and consumer understanding. It ensures that producers disclose material conflicts of interest and prioritize the consumer’s interests over their own.

The course satisfies South Carolina’s annuity certification requirement and counts toward your continuing education (CE) obligations. It covers:

• An overview of annuities, including Fixed, Variable, and Indexed products
• The parties involved in an annuity contract and their respective rights and responsibilities
• Key provisions and how they impact consumers
• Taxation of both qualified and non-qualified annuities
• Distribution rules and tax consequences of withdrawals
• Common uses of annuities for financial planning

Successful completion of this course fulfills the South Carolina Annuity Certification training requirement.