Annuities & You

Demystifying a Popular Retirement Product Line

$8.00 + your state filing fee
4 Credit Hours

This course favors L&H insurance agents but is applied as general credit for all agents.

COURSE DIFFICULTY

Basic
This course covers the following topics:
  • Look closely at what makes an annuity and describe some of the more common ways the product is structured
  • Examines additional features added to customize the product and examines the market for annuities, and how they have grown over the years
  • Discusses the pros and cons of different types of annuities
  • Review questions and concerns of both agents and consumers regarding this sometimes complicated product line

Summary

Annuities have evolved over the years from a simple payment scheme to a complex array of products with a dizzying assortment of features. Not just the traditional insurance agent channel, but banks and investment advisors sell annuities. This course looks at annuities from a variety of angles. First, it looks at what makes an annuity and describes some of the more common ways the product is structured. It also examines additional features added to customize the product and examines the market for annuities, how they have grown over the years, and discusses the pros and cons of different types of annuities. Finally, the course reviews questions and concerns of both agents and consumers regarding this sometimes complicated product line.

Outline

1. Introduction

  • 1.1 Purpose of the Course
  • 1.2 What is an Annuity?
  • 1.3 A Brief History
  • 1.4 Annuity as Contract
  • 1.5 Typical Annuity Arrangements
  • 1.6 A Note about Tax Law
  • 1.7 Summary
  • Affidavit of Personal Responsibility
  • Chapter 1 Quiz

2. Sample Standard Annuity Contract Provisions

  • 2.1 Overview
  • 2.2 The Contract
  • 2.3 The Benefits
  • 2.4 Payment Options
  • 2.5 Premiums
  • 2.6 Policy Values
  • 2.7 Product Features and Practices
  • 2.8 Summary
  • Chapter 2 Quiz

3. Markets and Annuities

  • 3.1 Growth and Diversity
  • 3.2 Potential Client Profiles
  • 3.3 Public Perceptions and Controversies
  • 3.4 Summary
  • Chapter 3 Quiz

4. Tax-Deferred, Immediate and Variable Annuities

  • 4.1 The Benefits of Tax-Deferred Annuities
  • 4.2 Weaknesses of Tax-Deferred Annuities
  • 4.3 Immediate Annuities
  • 4.4 Pros and Cons of Immediate Annuities
  • 4.5 Variable Annuities
  • 4.6 Pros and Cons of Variable Annuities
  • 4.7 Summary
  • Chapter 4 Quiz

5. Company Perspective

  • 5.1 The Sale of Annuities
  • 5.2 Profitability
  • 5.3 Mortality Risk
  • 5.4 Investment Risk
  • 5.5 Summary
  • Chapter 5 Quiz

6. Conclusion

  • 6.1 Frequently Asked Questions
  • 6.2 Frequently Asked Questions, Continued
  • 6.3 Conclusion
  • 6.4 Summary
  • Chapter 6 Quiz

Exam

  • Final Exam

FAQ

Q: What should I expect from this online course?

A: We use a unique system to help you learn the material easily. Our online courses present you with information in large type that is easy to read. We highlight key items in gray and quiz you after each chapter to make sure you are learning critical information. You may review the material as much as you want before taking your required online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.

Q: Can I print my online course materials and test questions?

A: According to the state authority, it is not permissible to print or download any course material or exam questions. However, you are free to access all online courses from our website anytime.

Q: How long does it take to complete an online course?

A: The time required to complete an online course varies from student to student, but it roughly approximates the number of credit hours awarded for the course. You must pass an online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.

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