Annuity suitability providers

If you want to sell an annuity in Washington state, you'll need to:

  1. Hold a producer license with the life line of authority,
  2. Complete the one-time, 4-hour annuity suitability course prior to selling annuity products, and
  3. Provide the insurance company you work with proof (a copy of your certificate) that you have completed an acceptable course.

This training requirement became effective March 29, 2012.

If you completed an acceptable annuity suitability course in a state other than Washington, it is not necessary to repeat the course as long as the annuity suitability course you completed complies with state regulations for annuity suitability training. Email our education analyst with questions.

Although California did not specifically adopt the NAIC annuity suitability training requirement, they have an 8-hour annuity course requirement that is equivalent to the NAIC annuity suitability training requirement and is regarded as meeting Washington state's annuity suitability training requirement.

The table below contains a list of approved providers for the WA annuity suitability 4-hour course. This listing is current as of April 2014.

Provider Phone Course type

AD Banker & Co (www.adbanker.com)
#26059

800-866-2468

Self-study

Affordable-Success (www.successce.com)
#37752

949-706-9453

Lecture
Self-study

Broker Educational Sales (www.bestonlinecourses.com)
#27830

800-345-5669

Self-study

CEIS
#28655
727-869-0140 Self-study
CEU.com
#33202
800-644-2101 Self-study

Exam FX (www.examfx.com)
#300291

800-586-2253

Self-study

5th Gear Enterprises (www.5thgearllc.com)
#35079

503-523-2339

Self-study

FPA of Puget Sound
#30205

425-774-7479

Lecture

Financial Campus (www.financialcampus.com)
#35200

603-236-3300

Self-study

Insurance Study (www.insurancestudy.com)
#30517

866-339-3900

Self-study

Insurance Training Associates (www.itaamerica.com)
#300078

877-482-9764

Self-study

Intellipass (www.intellipass.com)
#12012

253-952-6125

Self-study

John Hancock Academy #36180

617-663-3315

Lecture

Kaplan (www.kfeducation.com)
#37279

608-779-5599

Self-study

NAIFA WA
#30892

360-350-0521

Lecture

The National Underwriter Company (www.clients.pinpointglobal.com)
#1100

859-692-2263

Self-study

Noble CE (www.noblece.com)
#19866

800-275-2589

Self-study

Professional Training Center (www.insuranceeducation.co)
#17248

509-374-3111

Self-study

ProSchools (www.proschools.com)
#34386

800-452-4879

Self-study

Quest CE (www.questce.com)
#36805

414-375-3402

Self-study

Securities Training Corporation (www.stcusa.com)
#26400

800-782-2678

Self-study

Slater Insurance School (www.slaterinsuranceschool.com)
#19822

800-394-6662

Self-study

Stone River RegEd (www.ceauthority.com)
#35321

800-334-8322

Self-study

360training.com, Inc. (www.360training.com)
#33770

888-360-8764

Self-study

United Insurance Educators (www.uiece.com)
#18173

800-735-1155

Self-study

Walls (www.wallsce.com)
#24961

425-990-3366

Lecture

WebCE (www.webce.com)
#29777

972-616-1116

Self-study

Suitability standards for the sale of annuities

RCW 48.23.015 (www.apps.leg.wa.gov) requires insurers and producers selling fixed and variable annuities to confirm that the insurance product is suitable for the consumer.

Insurance companies and producers selling or replacing an annuity must make reasonable efforts to obtain a consumer's:

    1. Financial status,
    2. Tax status,
    3. Investment objectives, and
    4. Other information considered reasonable when making a recommendation to the consumer.

The company and producer must keep records of any information collected and used as the basis for recommendations for five years after the sale or for five years after the annuity begins paying benefits, whichever is longer.

Keep in mind, the one-time training course is required per WAC 284-17-265 (www.apps.leg.wa.gov).

Updated 04/08/2014

See also

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