Anti Money Laundering (AML)

Every agent that sells cash value life insurance or annuities needs to complete an AML course, much like continuing education for long-term care or annuities.

The most popular AML course is through LIMRA. LIMRA’s AML course is provided to agents for free (carriers pay LIMRA for the service). LIMRA creates your account once BackNine sends your appointment to the carrier and the carrier sends it to LIMRA. You won’t be able to log into LIMRA if your appointment request has not been submitted to a carrier in which case you can pay for AML course such as WebCE’s AML.

Carriers can pull your information from LIMRA to determine if you have completed your AML course

Each carrier has its own policy for the length of time for which your AML course is valid, but most are valid for 2 years.

You can upload your AML in your BOSS Settings so it can automatically be provided to carriers when submitting appointment requests. If using LIMRA, log into https://aml.limra.com and take a screenshot of your completed course. Even though the screenshot won’t have the agent’s identifying information, it ensures the agent is 100% certain of when their AML was last completed.