Home Course Catalog WCS - Annuities 2004

Annuities 2004

Course Description:  California law now requires an initial 8 hours of California specific annuities training and 4 hours continuing training in the subsequent license term.  This course fulfills the initial 8 hr education requirement for all California Life agents who sell annuities.  The law requires training in annuities; California law, regulations and requirements related to annuities; prohibited sales practices; and fraudulent and unfair trade practices.  More information about compliance with these requirements is available on the California Department of Insurance - Annuity FAQ web site.

This course is designed to specifically address the series of annuities topics that meet the requirements of SB 620 (Scott, Chapter 547, Statues of 2003), annuities, life insurance, required disclosures and prohibited sales practices.  It will cover such mandatory topics as:

• the historical development of annuity contracts
• an introduction to types of annuities with particular attention on the various classifications of annuities
• identifying the parties to an annuity
• how fixed, variable and index annuity contract provisions affect consumers
• the application of income taxation of qualified and non-qualified annuities, qualified plans and primary uses of annuities

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