Annuities Regulation Best Interest
Annuities Best Interest
Annuities Best Interest – 4 introduces the student to the 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.
Upon completion, the student should be able to:
- Describe a typical annuity buyer and the principal reasons individuals buy annuity contracts;
- List the characteristics of annuities and the benefits of tax deferral;
- Explain how variable annuities work;
- Identify the cash value management tools available to a variable annuity contract owner;
- List the factors to be considered in determining variable annuity suitability;
- Calculate interest to be credited under various fixed annuity contracts;
- Explain the operation of indexed annuities;
- Describe how annuities are taxed; and
- Recognize the requirements imposed on the sale of variable annuities under Regulation Best Interest.
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