Description
• The types of annuities and various classifications of annuities;
• Identification of the parties to an annuity;
• How fixed, variable and indexed annuity contract provisions affect consumers;
• The application of income taxation of qualified and non-qualified annuities;
• The primary uses of annuities;
• Appropriate sales practices; and
• Replacement and disclosure requirements.
Learning Objectives
*Identify types and classifications of Annuities
*Identify the parties to an Annuity
*Discuss effect of annuity products on consumers
*Determine income taxation of qualified and non-qualified annuities
*Discuss the primary use of annuities
*Identify appropriate sales practices
*Discuss replacement and disclosure requirements
*Identify suitability in annuity transactions
*Identify disclosure in annuity transactions