For Producers

Annuity suitability training and 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, four-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.

If Washington state is not my resident state, is my home state annuity suitability training acceptable in Washington?

Washington state is reciprocal with other states that also adopted the National Association of insurance Commissioner's (NAIC) annuity suitability training model. A non-resident producer may complete the Washington four-hour annuity suitability training course or their home state's four-hour annuity suitability training course. This is a one-time course so save your course certificate for as long as you may sell annuities.

You must give your annuity suitability course certificate to the insurance company that will issue the Washington policy. The company will determine if the course you completed meets the annuity suitability training requirement for Washington.

Some states have an eight-hour annuity course that is equivalent to the NAIC annuity suitability training model and includes additional content specific to their state. If the state adopted the NAIC annuity suitability training model, their eight-hour annuity course is reciprocal. If you have a questions about the annuity suitability training requirements, email our education analyst.

Approved providers of Washington course

The table below contains a list of approved providers for the Washington annuity suitability four-hour course. This listing is current as of October 2019.

List of approved providers

Provider

Phone

Course type

1st Attempt At Your Pace Online (www.einsurancetraining.com)

#300354

877-725-6150

Self-study

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

#33770

888-360-8764

Self-study

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

#35079

503-523-2339

Self-study

AD Banker & Co (www.adbanker.com)

#26059

800-866-2468

Self-study

Webinar

Affordable-Success (www.successce.com)

#37752

949-706-9453

Classroom

Self-study

Broker Educational Sales and Training (www.bestonlinecourses.com)

#27830

800-345-5669

Self-study

CEU.com (www.ceu.com)

#33202

800-644-2101

Self-study

CPMI Professional Development (www.cpmipro.com)

#300334

817-271-8200

Self-study

Education Concepts Unlimited (www.ecuinc.biz)

#36951

618-233-1228

Self-study

Exam FX CE (www.examfx.com)

#300291

800-586-2253

Self-study

Insurance Training Associates LLC (ITA) (www.itaamerica.com)

#300078

877-482-9764

Self-study

Intellipass Inc CE (www.intellipass.com)

#12012

253-952-6125

Self-study

Kaplan Financial Education CE (www.kfeducation.com)

#37279

608-779-5599

Self-study

NAIFA Washington (www.naifawashington.org)

#30892

206-228-9351

Classroom

The National Underwriter Company

#1100

859-692-2263

Self-study

Net Study (www.insurancestudy.com)

#30517

866-339-3900

Self-study

Noble Financial Group (www.noblece.com)

#19866

800-275-2589

Self-study

Professional Training Center (www.insuranceeducation.co)

#17248

509-374-3111

Self-study

Quest Continuing Education Solutions (www.questce.com)

#36805

414-375-3402

Self-study

REGED Inc. (www.reged.com)

#35321

800-334-8322

Self-study

Securities Training Corporation CE (www.stcusa.com)

#26400

800-782-2678

Self-study

Slater All Lines Insurance School (www.slaterinsuranceschool.com)

#19822

800-394-6662

Self-study

United Insurance Educators Inc. (www.uiece.com)

#18173

800-735-1155

Self-study

WebCE (www.webce.com)

#29777

972-616-1116

Self-study

Suitability standards for the sale of annuities

RCW 48.23.015 (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 (leg.wa.gov).