Which of the following is not required to determine the suitability of an annuity recommendation?

The suitability of an annuity recommendation is primarily based on factors that directly influence the potential effectiveness and appropriateness of the investment for the individual. Financial objectives, investment experience, and retirement goals all provide critical insights into a person’s financial situation, risk tolerance, and future needs.

Financial objectives detail what the individual aims to achieve with their investment, whether that is capital preservation, income generation, or accumulation of wealth. Investment experience assesses the individual’s familiarity and comfort with various investment products, aiding in matching the complexity of an annuity to the investor’s knowledge base. Retirement goals clarify the objectives for income and security during retirement, which is the primary purpose of many annuities.

In contrast, a person's level of education, while it may contribute to their understanding of financial concepts, does not directly impact their financial needs or the suitability of an annuity in meeting those needs. Therefore, the level of education is not a necessary factor in determining the suitability of an annuity recommendation, making it the correct choice in this context.