Product Training Reminder

August 1, 2018
The Standard's product training is a short slide show that covers each of our products.

Has this happened to you? You work with a client to complete the paperwork for an annuity from The Standard. You send it in, expecting the policy to be issued in time for the next commission cutoff. Instead, you immediately receive an email saying that you haven't completed product training and we can't issue the contract until you do.

The result can be frustrating for both you and your client — but avoidable.

Most states follow the 2010 update to the NAIC Suitability Model or a version of it. It requires producers to complete company-specific product training before selling any products, including SPIA products. Even if you are selling in a state that doesn't require the training, completing it now means you’re covered if that state adopts the model or you start selling in a state that requires it.

The Standard's product training is a short slide show that covers each of our products. We ask that you complete the annuity product training before soliciting business. It's available at standard.com/annuities by clicking on Complete NAIC Product Training.

If you have questions about The Standard's annuity product training, please contact our service specialists at 800.247.6888 or send us a message.

 

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