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, 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 (CA) 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. If you completed the CA 8-hour annuity training since 2012, your course certificate will be 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 May 2016.

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

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

360-350-0521

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

ProSchools (www.proschools.com)
#34386

800-452-4879

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).

See also

Need more help?