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BANKERS LIFE INSURANCE COMPANY 11101 ROOSEVELT BLVD N ST. PETERSBURG FL 33716 P. O. BOX 15707 ST. PETERSBURG FL 33733 800 839-2731 FAX 800 946-3306 ANNUITY SUITABILITY QUESTIONNAIRE AND ACKNOWLEDGMENT This form is designed to help you our customer determine if purchasing a Bankers Life annuity contract meets your financial needs. Please complete the questionnaire and acknowledgment in its entirety and submit with your application* PERSONAL INFORMATION Individuals and Trusts 1. Owner Name 2...

How to fill out annuity suitability questionnaire

How to fill out annuity suitability questionnaire:

1. Read the questionnaire carefully and make sure you understand all the questions and instructions.
2. Provide accurate and complete information. Be honest in filling out the questionnaire to ensure the suitability of the annuity product for your specific needs.
3. Consider your financial goals and risk tolerance when answering the questions. Assess your investment objectives, time horizon, and liquidity needs.
4. Consult a financial advisor if you are unsure about any questions or if you need assistance in filling out the questionnaire accurately.
5. Review your answers before submitting the questionnaire to ensure accuracy and completeness.
6. Keep a copy of the filled-out questionnaire for your records.

Who needs annuity suitability questionnaire:

1. Individuals who are considering purchasing an annuity as an investment or retirement product.
2. Financial advisors who are advising clients on annuity products and need to assess the suitability of these products for their clients' needs.
3. Insurance companies and financial institutions that offer annuity products and require suitability assessments from their clients.

People Also Ask about

What is a suitability form in insurance?

It helps your agent assess your insurance needs and financial objectives and confirms that your annuity purchase suits your situation. SuItabILIty for fIxed annuItIeS.

What determines annuity suitability?

At its core, the suitability test for annuities is a method to assess if a particular annuity product is a good match for an investor's financial profile and objectives. It involves an extensive review of the investor's financial status, risk tolerance, investment objectives, tax status, and even time horizons.

What is an annuity suitability questionnaire?

This form is an essential part of the application process. It helps your producer assess your insurance needs and financial objectives, and make recommendations appropriate to your situation.

Who is responsible for annuity suitability?

Issue: Since 2003, state insurance regulators have overseen the sale of annuities to ensure products sold to consumers are suitable for them, based on a review of their needs.

What is the annuity suitability questionnaire?

The Annuity Suitability Questionnaire (“Questionnaire”) is designed to assist in documenting the proposed annuity contract (“Contract”) owner's (“Consumer”) financial situation, needs and objectives related to a specific recommendation to purchase, exchange or replace an annuity made by you as the Financial

What are suitability requirements with annuities?

Annuity suitability guidelines and standards help ensure the recommended annuity is a good match to help the consumer reach their financial goals. The guidelines require annuity insurers and agents to consider factors like the consumer's income, age, assets and liquidity needs before recommending an annuity.

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What is annuity suitability questionnaire?

An annuity suitability questionnaire is a tool used by financial advisors to assess whether an annuity product is appropriate for a prospective client based on their financial situation, needs, and goals.

Who is required to file annuity suitability questionnaire?

Financial advisors and insurance agents are typically required to complete an annuity suitability questionnaire for their clients when recommending or selling an annuity product.

How to fill out annuity suitability questionnaire?

To fill out an annuity suitability questionnaire, clients typically provide information about their financial status, investment objectives, risk tolerance, and personal circumstances, which helps advisors determine the appropriateness of the annuity.

What is the purpose of annuity suitability questionnaire?

The purpose of an annuity suitability questionnaire is to ensure that clients are matched with insurance products that fit their financial needs and goals, thereby promoting responsible investment practices.

What information must be reported on annuity suitability questionnaire?

The information that must be reported includes the client's financial situation, insurance objectives, investment experience, risk tolerance, and other relevant personal details that may affect their suitability for the annuity.