Now Available: California 8-Hour Annuity Suitability and Best Interest Training and Continuing Education

Due to new regulation in California from Senate Bill 263, additional annuity suitability with “best interest” standard training is required for California Life Producers selling annuity contracts.

1. Beginning in January 2025, resident and nonresident licensees selling annuities, regardless of when they were originally licensed, must complete an approved 8-hour Annuity Suitability & Best Interest training course before July 1, 2025. 
2. Resident and nonresident licensees selling annuity contracts must complete an approved 4-hour Suitability and Best Interest in Annuity Transactions training course before every license renewal. 
3. All newly licensed Life and Life and Health producers will need to complete an approved 8-hour Annuity Suitability & Best Interest training course before transacting annuity business.

Heighten awareness of how and when annuity products may fit a client's needs by studying and contrasting various annuities and reviewing customer situations. It will explain the benefits and risks associated with each product type (fixed, index, immediate, and variable annuities) to help producers give fair and balanced product presentations and ensure they are always acting in their customers’ best interest. It covers: