Part of suitability is knowing and understanding the products in which you are recommending well enough to know if it is right for the client based upon what they told you.
A.
True
B.
False
2.
When filling out a suitability form, the insurance company will ask about the "advantages" that your client saw when purchasing the product. These "advantages" include:
A.
Multiple Index selections
B.
Interest credits are locked in
C.
Market Volatility eliminated
D.
All of the above
3.
Both "advantages" and "disadvantages" of annuity products must be stated on the Suitability Form.
A.
True
B.
False
4.
A good practice regarding suitability is to make sure you understand the sources of a client's funds (CD, other insurance products, investments, mutual funds, stocks, bonds, bank account) for purchasing the annuity.
A.
True
B.
False
5.
If changes need to be made on the Suitability Form, the client must initial and date all changes.
