1. Required training 

Producers who completed a four-credit training course prior to the effective date, must complete one of the following by December 20, 2022:

• A new four-credit training course; or

• A one-credit training that covers the new standards and requirements.

Producers who do not complete a four-credit training course before June 20, 2022, must do so prior to their first sale.

Please note:

• Commissions will be held if training isn’t completed by the required date.
• All producers on the application must complete continuing education and product-specific training. 

2. New disclosure form

A new state-required disclosure form is available to help describe the nature of your relationship with your client. If you are licensed to sell Great American Life’s commissionable and fee-based products then it must be included with all submitted sales.

3. Updated CFDs

As part of the Best Interest Standard updated Client Financial Disclosures (CFDs) are available to help you capture all required client data, identify the annuity that best addresses the client’s unique needs, and then document the basis for the recommendation.

We will continue to accept the previous versions through March 1, 2022. If a previous version is submitted after this date, paperwork will be considered Not In Good Order (NIGO) and could result in processing delays.

Please note:

• All producers on the application must complete the Producer’s Statement(s) section of the CFDs.
• There are separate CFD versions for contracts owned by an irrevocable trust.
• The updated CFDs will be available on our electronic platforms by March 1, 2022.