L&HNJeasy

Under NJ's Annuity Disclosure rule (N.J.A.C. 11:4-59), when must the Buyer's Guide be delivered to the applicant?

Q: Under NJ's Annuity Disclosure rule (N.J.A.C. 11:4-59), when must the Buyer's Guide be delivered to the applicant?

At or before the time of application — N.J.A.C. 11:4-59 requires the Annuity Buyer's Guide and the carrier's disclosure document to be delivered to the applicant at or before the time of application so the consumer can compare contract features, fees, and surrender schedules during the decision window.

AOnly after the contract is issued and delivered

BOnly upon request by the applicant

CWithin 60 days of policy anniversary

At or before the time of application

Why this is the answer

N.J.A.C. 11:4-59 requires the Annuity Buyer's Guide and the carrier's disclosure document to be delivered to the applicant at or before the time of application so the consumer can compare contract features, fees, and surrender schedules during the decision window.

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