WINDSOR, Conn., Feb. 8 -- LIMRA issued the following news release:
LIMRA and Kaplan Financial Education are partnering to provide a combined training and reporting platform to help insurers and annuity distribution firms fully satisfy the NAIC Annuity Suitability requirement.
"We are very enthusiastic about adding Kaplan to the AnnuityXT platform," said James Kerley, president, LIMRA Services. "The LIMRA solution was always built on choice, and we have found that many leading firms choose Kaplan based on the user experience and overall reputation for excellence in learning. AnnuityXT, now with CE training from Kaplan, keeps advisors focused on clients' needs rather than struggling with complex compliance requirements."
The new AnnuityXT, powered by Pinpoint Global Technologies, offers advisors quick and simple access to annuity training through customized portals to easily satisfy their state-specific and product-specific training from one site. Kaplan's annuity portals provide advisors seamless sign-on to a complete library of courses specifically approved by state Departments of Insurance to meet the annuity suitability training requirement.
Key functionality and benefits of the LIMRA/Kaplan Solution include:
Access to a complete library of state-approved annuity suitability courses
Centralized development, maintenance, and hosting of product-specific training courses of all carrier clients
Seamless sign-on from the client's intranet
Real-time reporting for advisors, distribution firms, and carriers, including administrative access for real-time look-ups
Access to additional applicable products, including insurance CE, securities licensing, and Firm Element courses
Completion reporting to third-party repositories, including the DTCC.
"We really solved the pain that many advisors were experiencing," said Dr. Andrew Temte, CFA, and president of Kaplan Financial Education. "Our partnership with LIMRA allows advisors quick and easy access to one system for all hosted content, allowing them to quickly satisfy their requirement and get back to producing. Both carriers and distributors will see a significant reduction in the strain on home-office resources to comply with the NAIC requirement."
For more information please visit LIMRA's AnnuityXT webpage.
TNS 61NF 120209-JF78-3768929 StaffFurigay
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