Annuity Suitability and Best Interest - Wisconsin

About This Course

This is the new 4-Hour Annuity Certification course for currently non-certified Annuity Suitability producers and previously certified Annuity Suitability agents who did not complete the 1-hour training within six months of the January 1, 2022 effective date.

The purpose of this course, and the updated regulation, is to ensure that “producers” (as defined in the regulation) act in the “best interest” of the consumer when recommending annuity products. In addition, it requires “insurers” to establish and maintain a system to supervise those recommendations, ensuring that the insurance needs and financial objectives of consumers are effectively addressed at the time of the transaction.

The course addresses distribution opportunities and tax implications for withdrawals, fundamental aspects of annuity accumulation programs. It comprehensively covers Fixed, Variable, and Indexed annuities, ensuring a thorough understanding of each. 
 
You'll explore the key parties in annuities, their rights, and responsibilities, as well as the provisions unique to the different types of annuities. We delve into how these elements impact consumers and discuss the taxation of both qualified and non-qualified annuities. Specific qualified tax-sheltered plans are also reviewed, shedding light on their intricacies. The primary applications of annuities are explored, providing you with a well-rounded education. 
 
Upon successful completion of this course, you will fulfill the initial Annuity Certification course requirement, bringing you one step closer to becoming a certified Annuity Suitability producer or agent.