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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

LOMA | Evaluated Learning Experience

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Annuity Principles and Products (AAPA 273)

Location: 
Independent study and proficiency examination program administered from the central offices of LOMA.
Length: 

Varies-independent study.

Dates: 
Version 1: November 1999 - July 2006. Version 2: August 2006 - December 2014.
Instructional delivery format: 
Proficiency exam
Learner Outcomes: 

Version 1 and 2: Upon successful completion of the course, students will be able to: explain the importance of annuities; describe the key provisions of an annuity contract; distinguish among fixed, equity-indexed, and variable annuities; apply investment principles to annuities; describe the different types of individual and group annuities; explain how annuities are taxed and regulated; and describe the marketing of annuities.

Instruction: 

Version 1 and 2: Major topics include: basic annuity concepts; the annuity contract; fixed, equity-indexed, variable, and market value adjusted annuities; investment principles and annuities; individual and group annuities; taxation and regulation of annuities; marketing annuities.

Credit recommendation: 

Version 1: In the upper division baccalaureate degree category, 1 semester hour as an elective in Insurance or Business Administration (1/01). NOTE: If this course and Marketing, Distribution, and Uses of Annuities (AAPA 283) are both completed, a total of 3 semester hours are recommended for the two courses. Version 2: In the upper division baccalaureate degree category, 1 semester hour as an elective in Insurance or Business Administration (7/06 revalidation) (6/12 Administrative Review). NOTE: When a student completes more than one course with an AAPA course number and the credit recommendations for these courses total 3 semester hours, the combined credit recommendation is equivalent to a semester-length course in Annuities. Further, when a student completes more than one course with an AAPA course number and the credit recommendations for these courses total 6 semester hours, the combined credit recommendation is equivalent to two semester-length courses in Annuities.

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