As of March 1, 2016, a client signature will be required before we can issue a contract if you haven’t taken required market value adjustment (MVA) training prior to soliciting the business.
As you have heard, we will be launching a market value adjustment (MVA) on March 1, 2016 on certain products in all states except AK, HI, MS, MN, MO, OR, PA, UT and WA. If you have not yet completed your 6-minute supplemental MVA training, please take the training today to avoid any delays in processing your business – including requiring the client’s signature on a Contract Purchase Acknowledgement Affirmation (CPAA) form prior to issue and re-dating the contract to the day the CPAA form is signed.
Also as of March 1, 2016, we will begin to require that you complete training in any state where the MVA is available on any Allianz Life Insurance Company of North America (Allianz) product. Even if a particular product has not yet launched the MVA feature, we will require the MVA training be completed prior to issue.
As of March 1, 2016:
  • If the MVA feature is included on the contract and you haven’t completed training prior to solicitation: You much complete the training and have your client sign a CPAA form confirming that they understand it’s included on their contract prior to issue. Also, the contract date will be adjusted to the date the CPAA form is signed.
  • If MVA feature isn’t included on the contract and you haven’t completed training: You must complete the training before it will be issued (however, there are no consumer-facing requirements).
In other words, beginning March 1, 2016 in any state where an MVA is approved on any Allianz product, you must complete the training prior to any products being issued:
Keep in mind that if you take either the MVA supplement or any base product training that included the MVA feature, it will satisfy the MVA training requirement for all products in all states.

Call Us Today with Any Further Questions!

Morgan Marx
713-574-6065
mmarx@synergyannuity.com