Financial Needs Analysis And
Disclosure & Comparison of Annuity Contracts
Effective November 10, 2020; Required January 1, 2021
Revised Financial Needs Analysis and Disclosure & Comparison of Annuity Contracts forms are available now on AppBuilder and E-App. The revisions are a result of updates to the NAIC Suitability in Annuity Transactions Model Regulation (MDL 275).
Both the current and new (11-20) FNA and Disclosure & Comparison of Annuity Contracts Forms will be accepted during the November 10, 2020 to December 31, 2020 transition period. The new versions must accompany all annuity apps received on or after January 1, 2021. Please see below for a list of the appropriate forms.
Financial Needs Analysis (FNA)
The generic FNA ET-2506(11-20) applies to all annuity sales in all approved states, except California, Florida and Massachusetts where state variations apply:
The updated EquiTrust Annuity Suitability Agent User Guide (11-20) includes information and guidance on completing the FNA form, in addition to comprehensive compliance of suitability regulations. To view and print, click here.
Disclosure & Comparison of Annuity Contracts Forms
These forms must be submitted for each contract being replaced (including partial and penalty-free transfers) in addition to any state-required replacement form(s).
MarketPower Bonus Index
AK, CT, ID, IL, MT, NV, NJ, OH, OK, OR, PA, TX, UT, VT, WA ET-MPP-4901B(11-20)
California ET-MK7-4901CA(11-20); Minnesota ET-MK7-4901MN(11-20)
MarketTen Bonus Index
California ET-MTB-4901CA(11-20); Minnesota ET-MTB-4901MN(11-20)
AK, CT, DE, ID, MT, NJ, NV, OH, OK, OR, PA, TX, UG, VT, WA ET-EIA-4901B(11-20)
California ET-EIA-4901CA(11-20); Minnesota ET-EIA-4901MN(11-20)
California ET-MYG-4901CA(11-20); Minnesota ET-MYG-4901MN(11-20)
California ET-SPA-4901CA(11-20); Minnesota ET-SPA-4901MN(11-20)
California ET-SPIA-4901CA(11-20); Minnesota ET-SPIA-4901MN(11-20)