Illinois Administrative Code › Title 50 - INSURANCE › Part 3120 - SUITABILITY IN ANNUITY TRANSACTIONS › Appendix A - Insurance Producer Disclosure for Annuities

Current through Register Vol. 48, No. 28, July 12, 2024
Do Not Sign Unless You Have Read and Understand the Information
				in this Form
Date: __________________
INSURANCE PRODUCER INFORMATION ("Me", "I", "My")
First Name: __________________ Last Name:
				__________________________
Business\Agency Name: __________________ Website:
				__________________
Business Mailing Address:
				__________________________________________
Business Telephone Number:
				________________________________________
Email Address:
				___________________________________________________
Insurance Producer Number in Illinois:
				__________________________________
CUSTOMER INFORMATION ("You", "Your")
First Name: __________________ Last Name:
				__________________________
What Types of Products Can I Sell You?
I am licensed to sell annuities to you in accordance with
				Illinois law. If I recommend that you buy an annuity, it means I believe that
				it effectively meets your financial situation, insurance needs, and financial
				objectives. Other financial products, such as life insurance or stocks, bonds,
				and mutual funds, also may meet your needs.
I offer the following products:
Fixed or Fixed Index Annuities
Variable Annuities
Life Insurance
I need a separate license to provide advice about or to sell
				non-insurance financial products. I have checked below any non- insurance
				financial products that I am licensed and authorized to provide advice about or
				to sell.
Mutual Funds
Stocks/Bonds
Certificates of Deposit
Whose Annuities Can I Sell to You?
I am authorized to sell:
Annuities from Only One Insurer
Annuities from Two or More Insurers
Annuities from Two or More Insurers although I
				primarily sell annuities
from: ______________________________________.
How I'm Paid for My Work:__________________
It's important for you to understand how I'm paid for my work.
				Depending on the particular annuity you purchase, I may be paid a commission or
				a fee. Commissions are generally paid to me by the insurance company while fees
				are generally paid to me by the consumer. If you have questions about how I'm
				paid, please ask me.
Depending on the particular annuity you buy, I will or may be
				paid cash compensation as follows:
Commission, which is usually paid by the insurance
				company or other sources. If other sources, describe:
				__________________.
Fees (such as a fixed amount, an hourly rate, or a
				percentage of your payment), which are usually paid directly by the
				customer.
Other (Describe): __________________.
If you have questions about the above compensation I will be
				paid for this transaction, please ask me.
I may also receive other indirect compensation resulting from
				this transaction (sometimes called "non-cash" compensation), such as health or
				retirement benefits, office rent and support, or other incentives from the
				insurance company or other sources.
By signing below, you acknowledge that you have read and
				understand the information provided to you in this document.
_______________________
Customer Signature
_______________________
Date
_______________________
Insurance Producer Signature
_______________________
Date