Access NY Reg 187 Training Information Here. State and Carrier Specific Information Guide.
Carrier Specific Training and State Annuity Training must be completed prior to soliciting business. Failure to complete the required training will result in significant delays which often includes newly signed paperwork.
Please see below to view training requirements and additional information.
New York best interests standard
New York revised Reg. 187 to place new requirements on insurance producers related to New York's "Best Interest" standard. The "Best Interest" standard expands the existing suitability criteria and requires agents, resident and non-resident, to act in the best interest of the customer when recommending transactions, with attention to given to whether the sale meets the financial and insurance needs of the customer.
All insurance producers conducting New York Annuity sales after Aug. 1, 2019, or New York Life sales after Feb. 1, 2020, must complete a NY Reg. 187 suitability course. Compliance with this requirement can be met in several ways.
The regulation also applies additional training requirements that must be completed prior to making a recommendation regarding life products.
Every carrier requires the Best Interest Training to be completed. Below are confirmed providers for each carrier. If a provider isn't listed, please contact the carrier.
Some carriers require an additional Reg 187 product specific training. This product training needs to be completed prior to submitting business.
NY DFS REG 187 Requirements and Resources Cheatsheet: https://www.figmarketing.com/blog/wp-content/uploads/2022/09/NY-DFS-Reg-187-Requirements-and-Resources.pdf
Allianz
Best interest training can be completed through LIMRA or RegEd.
No additional Reg 187 product specific training required.
For questions, call the Allianz Licensing team at 855-392-5478
American National (ANICO)
Best interest training can be completed through LIMRA or RegEd.
Additional Reg 187 product specific training required. Product specific training can be taken through the ANICO Training Portal.
For questions, call the American National Licensing team at 800-801-8845
Athene
Best interest training can be completed through LIMRA or RegEd.
No additional Reg 187 product specific training required.
For questions, call the Athene Licensing team at 800-255-2405
Banner (William Penn)
Best Interest training can be completed through LIMRA or RegEd.
No additional Reg 187 product specific training required.
For questions, call the Banner Licensing team at 800-638-8428
Brighthouse
Best Interest training can be completed through LIMRA or RegEd.
No additional Reg 187 product specific training required.
For questions, call the Brighthouse Licensing team at 877-638-0411
Equitable (AXA)
Best Interest training can be completed through LIMRA or RegEd.
Additional Reg 187 product specific training is required. Refer to the bulletin for accessing product specific training.
For questions, call the Equitable Life Sales Desk at 800-924-6669, option 2
F&G
Best Interest training can be completed through LIMRA or RegEd.
No additional Reg 187 product specific training required.
For questions, call the F&G Licensing team at 855-513-8797
Foresters
Best Interest training can be completed through LIMRA or RegEd.
Additional Reg 187 product specific training is required. The Foresters Reg 187 PowerPoint Presentation must be reviewed prior to submitting business.
For questions, call the Foresters Licensing team at 866-466-7166
John Hancock
Best Interest training can be completed through LIMRA or RegEd.
Additional Reg 187 product specific training is required. Products codes and additional information can be reviewed here.
For questions, call the John Hancock Licensing team at 800-505-9427
Lincoln
Best Interest training can be completed through LIMRA or RegEd.
Additional Reg 187 product specific training is required for life products.
Life product training codes:
LincolnFixedLife
LincolnVariableLife
LincolnMoneyGuard
For questions, call the Lincoln Licensing team at 800-238-6252
MassMutual
National Life Group
Best Interest training can be completed through LIMRA or RegEd.
Additional Reg 187 product specific training is required for life products. Must complete through the National Life Group agent portal.
For questions, call the National Life Group Licensing team at 800-906-3310
Nationwide
Best Interest training can be completed through LIMRA or RegEd.
Additional Reg 187 product is required. Please refer to the Life Product Training Requirements and Advisor Training Course List for additional details.
For questions, call the Nationwide Solutions Center at 800-321-6064
New York Life
Best Interest training can be completed through LIMRA.
Additional Reg 187 product specific training is required. Refer to the New York Life bulletin to access product codes and additional information.
For questions, call the New York Life Licensing team at 866-695-3218
Principal
Best Interest training can be completed through LIMRA or RegEd.
No additional Reg 187 product specific training required.
For questions, call the Principal Licensing team at 800-388-4793
Protective
Best Interest training can be completed through RegEd.
Reg 187 product specific training can be found here: Protective Product Training
For questions, call the Protective Licensing team at 800-444-2658
Prudential
Best Interest training can be completed through LIMRA or RegEd.
Additional Reg 187 product specific training required.
Life product training codes:
Term Insurance: 19Term0100
Permanent Insurance: 19Perm0100
For questions, call the Prudential Licensing team at 877-782-7654
Securian/Minnesota Life
Best Interest training can be completed through LIMRA.
Additional Reg 187 product specific training required. Training can be taken through Quest CE.
Module Name: Securian - NY Reg 187 Life Product Training
Course Number: PLIFE1262019
Items to note for completing the training on the site:
· First time users need to register
·Quest CE offers continuing education as well as product training – to go directly to the product training -select Skip Step 1- this is under Managed appointments
·Select your Broker/Dealer from the drop down list, then choose the carrier. Our carrier name is listed as Minnesota Life – Securian.
· Product training descriptions are provided to help determine which training should be taken.
·Advisors must complete the content (product training) and the exam (one question attestation) in order for the training to be completed
For questions, call the Securian/Minnesota Life Licensing team at 888-413-7860
Symetra
Best Interest training can be completed through RegEd.
Additional Reg 187 product specific training required. Training link www.symetra.com/training,
Code: FSNYTERM
Contact First Symetra's Retirement Sales Center at 800-706-0700 if you have questions.
Transamerica
Best Interest training can be completed through RegEd.
Additional Reg 187 product specific training required. See the full flyer here.
Life product codes:
Final Expense: TLFINALEXP
Final Foundation IUL: TLFFIUL
For questions, call the Transamerica Licensing team at 800-256-7971
US Life
Best Interest training can be completed through RegEd.
Additional Reg 187 product specific training required. Training can be accessed through the AIG Training Portal.
For questions, call the US Life Licensing team at 877-686-7954
Zurich
Best Interest training can be completed through LIMRA or RegEd.
Additional Reg 187 product specific training is required. The At-A-Glance must be reviewed by the agent.
For questions, call the Zurich Licensing team at 877-678-7534
Subject to change based on state and carrier requirements.