Document the consumer profile and recommendation

Insurance annuity sales and best interest policy, §3.1

Collect relevant financial needs and objectives, evaluate reasonably available options and explain why the recommendation addresses the consumer’s situation. Record missing information, replacement considerations and the basis for proceeding.

Event-driven

Before making a covered annuity recommendation

Collect relevant financial needs and objectives, evaluate reasonably available options and explain why the recommendation addresses the consumer’s situation. Record missing information, replacement considerations and the basis for proceeding.

• Consumer profile and recommendation rationale

  Controlled record with date, owner, source and review history

Recommending agent

A qualified person performs and approves this control; Leela can organize its task and evidence.

Tell Leela about your company to see whether this applies.