Effective 12/25/09 the State of Florida is requiring the use of a suitability and replacement comparison form for "senior" consumers, defined by the State as those age 65 & older, for transactions occurring in Florida.

If either owner, as noted on our application, is considered a senior consumer Form DFS-H1-1980 (Annuity Suitability Questionnaire) is required and although the consumer may choose to opt-out of certain suitability questions on the Florida form, the agent is required to complete the three questions on page 3 of the form.  EquiTrust will continue to require our Financial Needs Analysis form #ET-2506, completed in its entirety, with all applications.

Further, if either owner is a senior consumer, form #DFS-H1-1981 (Disclosure & Comparison of Annuity Contracts) is required to be completed in its entirety in situations of annuity contract replacement. The State has agreed that insurers should continue to require a standard replacement form in addition to the newly required comparison form.