California 8 hour annuity training course 3rd edition answers 2025

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The annuitant and owner of the annuity are often the same person on the contract. When you name a beneficiary, they are entitled to the annuity funds when the annuity contract owner dies.
Which annuity payout option allows the policy owner to choose a pre-determined number of benefit payments? The period certain payout guarantees payments for a specific number of years, typically 5 to 20 years.
If the annuitant dies during the accumulation period, the beneficiary receives benefits from the annuity: either the amount paid into the plan or the cash value - whichever is greater. If a beneficiary is not named, the benefit will be paid to the annuitants estate.
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CDI provides an Annuity Training Report that enables insurers and agencies to verify their agents' course completion. CDI has also placed the Annuity Training that was completed by the agents on the agent's Check A License Page, under the "Continuing Education Link."
While an annuitant and contract owner or holder can be the same person, an annuitant cannot also be the beneficiary. Beneficiariesinherit the remaining payout of the annuity when the annuitant or measuring life dies. Annuities have several payout options.
If you want to sell variable annuities or mutual funds, you will need a Series 6 and 63. If you simply want to offer fixed annuities and life insurance products for guaranteed income or asset protection needs, you will only need a life insurance license in the states you intend to do business.
Any agent who sells annuities in California must have completed the initial eight hours of training. Any newly licensed agent must complete the initial eight hours of training prior to soliciting individual consumers for annuity sales.
As long as you have completed the California specific eight-hour CDI approved annuity training course, you are authorized to sell annuity products during the current license term.

annuity training requirements by state