ANNUITIES: Introduction, Taxation, Regulation, and Application

Target audience and instructional level of this course: foundational

There is no known conflict of interest or commercial support related to this CE program.

Course Description

Annuities: Introduction, Taxation, Regulation and Application offers a basic understanding of how annuities work, the differences between the types of annuities, how annuities are taxed, and what type of purchaser each type of annuity may be best suited for with regard to financial goals, objectives, and risk tolerances.

The course begins with an overview of annuities and discusses the different components of both fixed and variable annuities. It also gives the reader more in-depth details on how annuities may be funded as well as information on the immediate and deferred pay out options.

The course then offers more specific details on each of the differing pay out options such as straight life, period certain, joint life, and joint and survivor and it provides a guide as to why an annuity holder may or may not prefer certain of these choices.

In addition, a discussion of the vast difference between fixed and variable annuities is also offered as well as how the more recent offering of equity indexed annuities came into being and what the primary features of such an annuity include.

The course concludes with a discussion of how annuities are both taxed and regulated. This includes information on the suitability issues that annuities face in terms of the duties of insurance companies and agents, compliance, and accurate record keeping.

Annuities: Introduction, Taxation, Regulation and Application is designed to help professionals in the insurance and financial services industries to better understand how annuities work and where they can fit the needs of various clients.

After completing this training the healthcare professional will be able to:

• What annuities are and how they work
• The different methods of funding annuities
• The difference between how immediate and deferred annuities pay out
• Knowledge of the annuity payout options such as straight life, period certain, joint life, and joint & survivor
• Differences between fixed and variable annuities and what type of client may benefit from each
• How equity indexed annuities combine the features of both fixed and variable annuities
• Available annuity riders and the different components of each
• How annuities are taxed both during the accumulation and the distribution phases
• How annuities are regulated and by whom
• Suitability issues with regard to both fixed and variable annuity products

Susan Wright's background consists of over 20 years in the financial services industry, where she has focused on producing training and marketing materials, primarily in the areas of finance, insurance, and real estate.

She has held roles at several large insurance and investment companies - including Edward Jones Investments, Met Life, Mass Mutual, National City Bank & Nat City Investments, and A.G. Edwards - where she authored numerous marketing pieces and publications, developed comprehensive training materials, and produced educational courses and books.

Susan has been instrumental in helping to produce vast sales increases for employers and clients, due to her ability to teach industry professionals and consumers the benefits of investments and insurance, and as well as educate them on other related topics such as Medicare/Medicare Supplement, Medicaid, Social Security, and life insurance settlements.

Ms. Wright has been licensed as a real estate broker, an insurance agent, and an NASD securities broker. In addition, she has earned eight industry professional designations, including:

• CLU - Chartered Life Underwriter
• ChFC - Chartered Financial Consultant
• RHU - Registered Health Underwriter
• REBC - Registered Employee Benefits Consultant
• CSA - Certified Senior Advisor
• CLTC - Certified in Long-Term Care
• CCFC - Certified Cash Flow Consultant
• CSS - Certified Seniors Specialist

Ms. Wright earned her MBA degree in Marketing from St. Louis University, and her BA degree in Communications from Michigan State University.

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