July 28, 2021

Annuity Suitability Updates

The following updates are effective August 2.

On August 2nd the following rule changes go live for Annuity Suitability.

  • Suitability is no longer required for 403b/457/Roth 403b/Roth 457 flexible premium-only policies.
  • Suitability is no longer required for 403b/457/Roth 403b/Roth 457 policies where the applicant is less than 55 years old and the transfer is less than $50,000.

 

Additional Annuity Suitability Guidance

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