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I'm still looking for the "hard and fast rules" that so many claim are out there.
I re-reviewed the Annuity Suitability training from ANICO the other day because of this thread... and I didn't find ANYTHING that said "you are limited to putting 60% of your retirement assets in our product". It DID talk about liquidity for emergencies needs to be factored into the suitability check, but no "hard and fast rule". I don't recall seeing it from other carriers either.
Product Specific Annuity Suitability Training
I think that any and every agent that wants to sell annuities should purchase this book so you can have a far better sense of proper suitability and how to stay out of trouble.
Amazon product ASIN B073D8JTYX
It's a often vague rules until someone complains ... then enter the lawyers... and the agent gets hung out to dry...