California 8 Hour Annuity Training Course


8 Hour Course

Course ID: 382795

Approved By: California Department of Insurance

5 Reviews

Add to Cart (877) 724-6150

This class provides the full 8 hours of California-specific annuities training insurance producers must complete before being permitted to sell annuities in the state, using the mandatory state-approved outline as well as the suitability in annuity transactions training standards promulgated by the NAIC.

The course covers the following topics:

1. History of Annuity Contracts, including the History of Equity-Indexed Annuities & Annuities Today

2. Primary Uses of Annuities, including Tax-Deferred Growth and How Annuities Perform Compared to Other Financial Planning Vehicles

3. Types of Annuities, including SPIA, FPDA, Variable, Indexed, and Split

4. The Parties to an Annuity (Issuer, Owner, Annuitant, and Beneficiary)

5. Annuity Contract Provisions, including Age Guidelines, Premiums, Withdrawal and Surrender Charges, MVA, Waivers, and Withdrawal Privilege Options

6. Income Distributions, including Annuitization Options, Pure Life, Period Certain, Death Benefits.

7. Interest Rates: Simple vs. Compound, Portfolio-Based, New-Money-Based, Teaser Rates, Guaranteed Rates, and Caps

8. Equity-Indexed Annuities: Terms, Strategies, and Choice

9. Variable Annuities: Documentation, Regulation, Options, including Types of Subaccounts, Administrative Charges and Fees, Riders, Living Benefit and Death Benefit Guarantees

10. Qualified and Non-Qualified Annuities, including Employer-Sponsored Annuities, 401(k), Keogh, IRAs; Annuities and Retirement Planning; Application of Income Taxation to Qualified and Non-Qualified Annuities, including Section 1035 Non-Qualified Annuity Exchanges, Gifts, Sales, and Death, as well as taxation of Annuity Benefit Distributions

11. Advantages and Disadvantages of Annuities compared with other strategies and products

12. Suitability Training, including How to Determine Suitability, Obligations of the Insurance Producer, Advertising, Prohibited Sales Practices, Selling Annuities for Medi-Cal Eligibility, Unnecessary Replacement, Causes for Suspension and Penalties

13. Annuities and Medi-Cal

14. The Senior Market, including Special Concerns, the Issue of Buyer Competence, and Suitability Training for the Senior Market

15. Guarantee Association Protection and Rating Agencies

And of course, we don't charge you additional reporting fees!

    • Annuity Certification Training [14 Activities]
      • 01. Historical Development of Annuity Contracts
      • 02. Primary Uses of Annuities
      • 03. Types of Annuities and Various Classifications of Annuities
      • 04. The Parties to an Annuity
      • 05. Contract Provisions Common to Most Annuities
      • 06. Fixed Annuities
      • 07. Variable Annuities
      • 08. Qualified and Non-Qualified Annuities
      • View Additional Activities
        • 09. Application of Income Taxation to Qualified and Non-Qualified Annuities
        • 10. Advantages and Disadvantages of Annuities
        • 11. Annuity Sales Practices for California Insurance Agents
        • 12. Annuities and Medi-Cal: Home and Facility Care (SB 483, Kuehl)
        • 13. The Senior Market
        • 14. Penalties
  • Final Exam
    • Affidavit
    • Final Exam (24 questions)
  • Course Completion
    • Mandatory Questionnaire
    • Certificate of Completion

Instructor Bio

keith haley insurance instructor atyourpaceonline
Keith Haley is the Online Insurance instructor and industry expert for At Your Pace Online. In addition to his insurance license, Keith holds a Bachelor's degree in Finance, Master's degree in Education, and is a Certified Financial Planner and licensed insurance producer. As an entrepreneur, over his career Keith has owned and managed businesses in a wide range of professions, including car sales, financial consultation, and insurance sales and management. With over twenty years of experience in business, sales, and education, Keith brings a broad range of practical and academic knowledge to our courses.

Course Reviews

October 6th, 2019
overall good

July 23rd, 2019

November 7th, 2019

October 3rd, 2019

September 19th, 2019