Washington 4hr Annuity & Best Interest Training

Your course was built to provide you with quality continuing education for meeting Washington state CE Annuity Suitability 4-Hour requirements. This course focuses on the specialized area of Annuities with special attention to the various types of annuities and issues specific to states in the world of accumulation through annuities.

It highlights distribution opportunities and tax consequences for withdrawals that are a fundamental component of annuity accumulation programs. It explores the types of annuities - Fixed, Variable, and Indexed - due to the many types available in the marketplace.

The parties to an annuity are reviewed along with their rights and responsibilities. It looks closely at the provisions of fixed, variable, and indexed annuities; and how they affect consumers. Taxation of qualified and non-qualified annuities is dissected and illustrated. It reviews specific qualified tax-sheltered plans. The primary uses of annuities are also examined. This annuity training course includes information on the following topics:

• Types of annuities: Deferred and Immediate;
• Classifications of annuities: Fixed, Variable, and Indexed annuities;
• Parties to an annuity: Insurer, Owner, Annuitant, Beneficiary;
• Primary uses of annuities:
• Contract provisions and payout options;
• How fixed, variable, and indexed annuity contract provisions affect consumers;
• The application of income taxation of qualified and nonqualified annuities;
• Appropriate sales practices; Including a link to WAC 284-23-390.
• Replacement of annuities; Including a link to WAC 284-23-410, 440.
• Disclosure requirements. Including a link to WAC 284-23-485.

Besides the goal of fulfilling your special continuing education requirements, it is our hope that you will acquire a new and/or renewed level of competency and insight into this highly critical area of people’s financial future; that of saving and accumulating dollars for use in the future through annuities.

Whether you are a newer agent or a seasoned veteran, we’re confident that you will gain new insight into this critical area for Americans as well as sharpen your saw on current info and regulations pertinent to this area of your expertise.