As a financial professional using products like annuities, it’s your responsibility to gather complete client information, compare products, identify issues or conflicts of interest, and explain your recommendations to the client and your firm.
The good news is that you’re already doing most of this work up front.
But today, many financial institutions like yours are required to document product suitability in compliance with regulations, such as SEC Regulation Best Interest, the Department of Labor’s (DOL) fiduciary rules and proposals and National Association of Insurance Commissioners (NAIC) model regulation on suitability.
This documentation process can take time, completing forms and responding to questionnaires about your clients’ best interests.
Use the items in this kit to better understand the suitability process and better align the products you select with your clients’ unique needs. We hope you benefit from a more streamlined and user-friendly transaction and more satisfied clients as a result.
Quickly identify the key pieces of information to gather in the client conversations you’re already having.
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Get to know each step of the suitability process and how to provide the best information along the way.
Get StartedJackson® is the marketing name for Jackson Financial Inc., Jackson National Life Insurance Company®, and Jackson National Life Insurance Company of New York®.
Annuities are issued by Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and in New York, annuities are issued by Jackson National Life Insurance Company of New York (Home Office: Purchase, New York). May not be available in all states, and state variations may apply. These products have limitations and restrictions. Contact Jackson for more information.
For institutional use only. Not for public distribution or use with retail investors.
