Exam term

Best interest standard

The duty of a producer recommending an annuity, and in some states life insurance, to act in the consumer's best interest, based on the consumer's profile information. It is a standard of conduct, not a guarantee of outcome.

Lessons that use this term

Life and annuity marketing methods and practices Florida
New York best interest standard for life and annuity sales (Reg 187) and senior-specific designations (Reg 199) New York