Welcome to At Your Service Your Place for NL Service Updates

August 30, 2021

For Texas Agents: Annuity Training and Suitability Updates Effective September 1

Protecting consumers’ best interest: What the updates mean for you and your clients.

Earlier this year, the National Association of Insurance Commissioners (NAIC) adopted revisions to its long-standing Suitability in Annuity Transactions Model Regulation so that it more closely aligns with the SEC’s Best Interest Regulation.

Several states have begun the process of adopting the NAIC’s revisions into their existing Suitability in Annuity Transactions Regulation. Effective September 1, 2021, Texas will begin operations under these revisions and we anticipate that several more states will follow soon after.

As part of these revisions, producers will be required to complete a state training prior to soliciting applications. It is important to note that the Company’s suitability rules and requirements are not changing.

  • What does this mean?
  • How will this affect my annuity new business?
  • What are the required trainings?

To navigate these questions and for more information:

Learn More
NLGroup recommends RegEd for this training, but several other vendors offer training as well. Please note that some states’ training requirements may vary from what is described above.
As your clients are considering what to do to save for their future, they can take comfort in knowing that these updates ensure their best interests are first and foremost in mind.

Email AnnuitySuitability@NationalLife.com