Consumer Pete just signed a form that releases Annuity Producer Amy from any further obligation under the NAIC's best interest standard. What might have led to this?

A. Pete completed a purchase of an annuity and is now the owner of the contract.
B. Pete named his spouse as the irrevocable beneficiary of a new annuity contract.
C. Pete purchased a traditional fixed annuity that requires no producer or agent monitoring.
D. Pete purchased an annuity that Amy did not recommend.

Consumer Pete signed a form that releases Annuity Producer Amy from any further obligation under the NAIC's best interest standard because he purchased an annuity that Amy did not recommend. The correct answer is d. Pete purchased an annuity that Amy did not recommend.

Explanation:

The correct answer is d. Pete purchased an annuity that Amy did not recommend.

Consumer Pete signed a form releasing Annuity Producer Amy from any further obligation under the NAIC's best interest standard, which implies that Pete was dissatisfied with the recommendation given by Amy. This could be due to various reasons such as the annuity not meeting Pete's financial goals, not being suitable for his risk tolerance, or not providing the desired returns.

By purchasing an annuity that Amy did not recommend, Pete ensured that he is not dependent on Amy for any further advice or assistance regarding the annuity contract.

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