We have a strong commitment to adhere to the replacement requirements set forth in the Life Insurance and Annuities Replacement Model Regulation and applicable state laws. We have developed requirements and forms for you to use to ensure that you satisfy all of the necessary replacement requirements at the time of sale. We rely on your insight and personal knowledge of your client’s financial situation to identify and disclose any purchase that could be considered a replacement. A replacement transaction should only be recommended if it is in the best interest of the client. Replacements under 36 months (60 months in CA & MN) will be subject to heightened review, especially in cases where another annuity exchange or replacement occurred in the preceding 60 months. We will not consider any replacements under 24 months, or any replacement under 36 months if the producer who sold the existing contract is also selling the replacement contract.