Illustrations - All pages of a signed and dated illustration must be submitted with the application
Suitability Questionnaire - Producers must disclose suitability rationale on the Suitability Questionnaire that forms the basis of the recommendation.
As of January 25, 2020, all life insurance applications must include client signed illustrations with disclosures and suitability questionnaire. There will be NO EXCEPTIONS!
Best Interest Training AND Mass Mutual Product Training must be completed by all brokers selling life insurance policies in NY beginning January 25, 2020. Applications received after 1/25/2020 will not be processed unless you have completed these requirements, as mandated by New York Regulation 187. If the contract owner lives in NY, the regulation applies regardless of where the sales activity took place.
There are two parts in this process:
1) Complete Best Interest Training
2) Complete MassMutual Product Training
The instructions on how to complete both Best Interest (Page 1) and Mass Mutual Product Training (Page 2) can be found on the attached Quick Start Guide. Please note that if you are not registered and will not solicit Variable Life business, you do not have to complete the Variable Life Insurance module.