New Best Interest Training Required for IL Annuity Producers

New Best Interest Training Required for IL Annuity Producers
June 13, 2023

Insurance Agents who hold a life insurance or variable annuity line of authority in Illinois and have a desire to sell Annuities (including Reserve Fund Annuities), will be required to complete an annuity-specific Best Interest Continuing Education (CE) course. This training is required of both resident and nonresident Agents.

The training effective date is August 1, 2023, and the enforcement date is February 1, 2024.

If you need help finding a vendor to take this training, contact us and we can help steer you in the right direction.

Other states are also requiring this new training in addition to Illinois, such as:

  • Georgia with an effective date of August 1, 2023
  • West Virginia with an effective date of June 8, 2023
  • Wyoming with an effective date of July 5, 2023

You can download this PDF to view all states and enforcement dates.

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