Financial professionals licensed in California (resident and non-resident) will have new annuity continuing education requirements, which are effective July 1, 2025. 

California Senate Bill SB will require:  
(1) A producer who is otherwise entitled to engage in the sale of annuity products shall complete a one-time eight-credit hour annuity training course approved by the commissioner and provided by a commissioner-approved education provider, prior to commencing the transaction of annuities, pursuant to subdivision (a) of Section 1749.8. 
(2) In addition to the requirement set forth in paragraph (1), every producer who engages in this state in the sale of annuity products shall satisfactorily complete four continuing education credits prior to license renewal every two years, pursuant to subdivision (b) of Section 1749.8. 
(3) Producers who hold a life insurance line of authority prior to January 1, 2025, and who desire to sell annuities shall complete the requirements of this subdivision by July 1, 2025. Individuals who obtain a life insurance line of authority on or after January 1, 2025, shall not engage in the sale of annuities until the annuity training course required under this subdivision has been completed. 

All financial professionals licensed in California must complete the new 8-hour course prior to solicitation of annuity contracts after July 1, 2025.  Additional 4-hour courses are required every two years. 

Further information regarding this requirement can be found on the CA Department of Insurance website.

Guaranty Income Life requires a copy of your certification of completion by July 1, 2025, to avoid a NIGO for annuity applications signed in the state of California. Please send your certification of completion to [email protected]. 

Click here to view the updated Guaranty Income Life Insurance Company State Suitability Education Requirements.