Maria the producer would like to advertise an annuity product on a highway billboard. Which of the following must be included in the advertisement?
Her Name
In the advertisement of an annuity product on a highway billboard, Maria the producer must comply with the rules and regulations of advertising annuities set by the respective state’s department of insurance. Typically, the following information must be included in the advertisement:
1. The name of the insurer and the type of annuity being offered.
2. A statement that the product is an annuity.
3. Any bonuses, crediting methods, or interest rates offered.
4. Surrender fees or withdrawal charges, if applicable.
5. The length of the surrender period, if applicable.
6. A description of the annuity’s guarantees, if applicable.
7. A statement indicating that annuities are not FDIC-insured, nor are they deposits of, or guaranteed by, a bank or any other entity.
8. Any riders or additional benefits related to the annuity that may affect the contract’s value.
It is important to note that the exact requirements for advertising annuities may vary from state to state. Therefore, Maria must ensure that the advertisement complies with the rules and regulations of the state in which it will be displayed.
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