Anti Money Laundering (AML)

Every agent that sells life 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.
• Carriers can pull your information from LIMRA to determine if you have completed your AML course
• Generally, this needs to be completed prior to the policy being issued, not prior to submission.

Each carrier has its own policy for the length of time for which your AML course is valid, typically ranging between 1-3 years.

Carriers will often ask agents to confirm that their AML was completed within their timeframe. BackNine suggests logging into https://aml.limra.com and taking a screenshot of their completed courses. 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.