Licensing

The AML (Anti-Money Laundering) refresher course must be completed every 2 years.  This training can be done online at http://nailba.limra.com/Nailba_default.html or with a 3rd party vendor.

Be sure that any state mandated continuing education is current. Many states require follow up C.E. every 2 years. Applications from agents with non-current C.E. will be rejected and returned to the carriers as mandated by the Department of Insurance in that state.

According to NAIC Model Regulation 275, each agent is required to complete product specific training modules through each insurance carrier prior to the date of an annuity application. Applications from agents who have not completed the training will be rejected and returned by the carriers, according to each state’s requirements.

There are 10 carriers that require training in all states: American Equity, Athene Annuity, Equitrust, Fidelity & Guarantee, ING USA, Lafayette Life, National Western, North American and Reliance Standard.

State Requirements
Annuity Product Training Links