Friday, February 4, 2011

REMINDER: New Product Training Required

 

 


 

DATE:

January 7, 2011

TO:

All American Equity NMO's and Appointed Agents in Florida, Oregon, and Minnesota

FROM:

James Jones - Vice President, Marketing Services

RE:

New Product Training Requirement

 

 

IMPORTANT INFORMATION - PLEASE READ CAREFULLY - NEW REQUIREMENTS MAY IMPACT THE ISSUANCE OF NEW BUSINESS SUBMITTED AFTER FEBRUARY 15, 2011

Certain provisions of the NAIC Suitability in Annuity Transactions Model Regulation and the Harkin/Meeks Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act require all Insurance Producers to complete CARRIER SPECIFIC product training before selling or soliciting American Equity annuity products.

American Equity will not be able to issue new business dated prior to an Insurance Producers completion of these training requirements. This training requirement is effective February 15, 2011, and only needs to be completed for those products which you actively solicit business. IMPORTANT - LIBR training is a separate module, covers all products in our portfolio and only needs to be completed once. If not completed, your business will be impacted.

American Equity is offering product specific training on our agent website. To access training:

  • Log on to our agent website at www.american-equity.com using your agent number and password.
  • Click on the "Training" icon on the left hand side.
  • Click on the "Product Specific Training" link.
  • Click on "Training" to view the product training modules.
  • Click on the "Training Questions" link and complete the questions.

PLEASE NOTE: Producers who have not been issued an American Equity agent number can access the product training at https://agent.american-equity.com/StateProductTraining.asp by entering their license number and the last four digits of their social security number.

Thank you for you continued business and support!

Training Memo-FL,MN,OR 1/7/2011

 

For Agent Information Only. Not for use in solicitation or advertising to the public.

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