With respect to the marketing and selling of annuities to seniors, which of the following...
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Finance
With respect to the marketing and selling of annuities to seniors, which of the following statements is true?
- a. Producers have the duty to be alert to prospects and clients who may lack the ability to make informed decisions due to diminished capacity.
- b. Annuities are never suitable products for seniors.
- c. Producers must obtain a power of attorney before they can sell a product to anyone older than 70.
- d. Producers cannot subject a senior prospect or client to a suitability assessment that is more detailed or rigorous than what would apply to any prospect or client.
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