Key Takeaways
- New Hampshire requires suitability analysis before recommending annuity products
- Annuity contracts must include a free look period for consumer review
- New Hampshire follows NAIC Suitability in Annuity Transactions Model Regulation
- Replacement transactions require detailed disclosure and comparison
- Senior-specific protections apply to annuity sales to older consumers
Last updated: January 2026
New Hampshire Annuity Regulations
New Hampshire has adopted comprehensive annuity regulations to protect consumers from unsuitable sales and deceptive practices.
Suitability Requirements
New Hampshire follows the NAIC Suitability in Annuity Transactions Model Regulation:
Producer Duties
Before recommending an annuity, the producer must:
- Make reasonable efforts to obtain customer information
- Analyze whether the recommendation is suitable
- Document the basis for the recommendation
- Disclose all material information about the product
Required Information
| Category | Information Required |
|---|---|
| Financial Status | Income, liquid assets, financial needs |
| Tax Status | Tax bracket, qualified vs. non-qualified funds |
| Investment Objectives | Goals, time horizon, risk tolerance |
| Existing Coverage | Current annuities and life insurance |
| Liquidity Needs | Expected need for funds |
Free Look Period
New Hampshire provides a free look period for annuity contracts:
- Buyer can return for full premium refund
- No penalty for exercising free look
- Period begins when contract is delivered
Senior-Specific Protections
New Hampshire has protections for annuity sales to seniors:
Enhanced Disclosures
Seniors must receive:
- Clear explanation of surrender charges
- Comparison with existing contracts
- Written confirmation of suitability
- Information about withdrawal restrictions
Surrender Charge Disclosures
New Hampshire requires clear disclosure of surrender charges:
| Requirement | Details |
|---|---|
| Disclosure | Must clearly explain in writing |
| Schedule | Must provide surrender charge schedule |
| Free Withdrawal | Must explain any penalty-free access |
Test Your Knowledge
What must a New Hampshire producer do before recommending an annuity?
A
B
C
D