Individual Retirement Accounts - MN
Insurance Continuing Education in Minnesota
Your Price: $14.95
5 credit hours
If purchased today, this course must be completed by:
April 18, 2025 (365 Days)
CE for CFP® Professionals
In this course we will review some of the fundamental concepts and some of the complex coverage details about annuities, variable annuities and several insurance-like investment products called “contracts.” In addition, we will also provide answers for the most common questions you may encounter from your clients about these products. We will cover the important terms and definitions related to annuities and annuity suitability—which are sometimes slightly different than the terms and definitions used by insurance policies. We will also consider the various optional benefits, modifications and additions that are commonly desired by annuitants and their beneficiaries. We will also cover how annuities are underwritten, the advantages and disadvantages of group contracts and tax treatment of the various types of annuities. You will read some interesting and important case studies to bring this topic to life. We detail the most recent issues that have come up in the real world of providing these products to consumers. Finally, an appendix to this text includes annotated and simplified excerpts of the relevant portions of your state’s Insurance Code dealing with annuities and investment contracts.
Learning Objectives:
- Understand fundamental concepts of annuities, variable annuities, and similar investment products.
- Be able to answer common questions from clients about annuity products.
- Know the differences between terms and definitions of annuities vs common insurance policies.
- Learn how annuities are underwritten
Exam Details
Course Details
Rules for Minnesota Insurance Continuing Education
- Courses approved for online learning will have material that may not be downloaded. Correspondence courses will have materials available as PDF and/or a physical textbook.
- Exam is closed book.
- License education credit will not be awarded for taking a course after it loses its status as an approved course.
- For Online interactive courses there is no proctor required. For Correspondence courses, this state requires a proctor. Correspondence courses will display that a proctor is required on the details page of the course and also upon entering the learning platform you will see "Proctor Required" on the bottom right of your navigation screen.
- If required - Who May Proctor Your Exam: the exam must be proctored by a DISINTERESTED THIRD PARTY WITH NO CONFLICT OF INTEREST.