0
Most Insurance companies sell them. Annuity by definition is a contract sold by an insurance company. They are relatively safe investments but are full of hidden charges, high commissions, annual fees and insurance charges and surrender charges for early withdrawl.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What insurance license in Arizona is needed to sell annuities?
To the best of my knowledge, as in most states, a life license is required to sell annuities in Arizona. Good luck.
Do you need a license to sell indexed annuities?
Yes, you need a license to sell indexed annuities. You also have to carry errors and omissions insurance and maintain a certain number of continuing education credits.
Do you need a series 6 or series 7 to sell fixed annuities?
no, just a life insurance license
If you received 45000 from a life insurance annuity how much federal tax would you pay?
There is life insurance. There are annuities. Life insurance companies sell annuities, but annuities are not life insurance policies. The answer depends on which one is under discussion. There is no income tax on payouts from life insurance policies. Annuities are purchased. The purchase price forms the owner's (or beneficiary's) basis in the contract; that is, the part that will not be taxed. The remainder of the payout is earnings (interest, usually) that have never been taxed, so are taxable to the recipient. How much tax would be due depends on how much of the $45,000 is taxable earnings, as well as how much other income the recipient receives in the year of the payout.
Which companies sell cheap business insurance to those with low credit ratings?
Many companies offer cheap business insurance to those with low credit ratings. It is worth looking into the insurance offered by State Farm, The Bank of Montreal and Atradius.
Can you sell fixed annuities yourself?
You can sell fixed annuities if you have a life insurance license.
how can I find out about fixed annuities?
Most insurance companies sell annuities which are usually associated with them. Fidelity.com is one site where you can learn about annuities. While these are safe investments they aren't really considered high yielding.
Can you sell annuities with a life insurance license?
Depending on your license you may be able to sell fixed annuities. Variable annuities require Series-7 license however
What insurance license in Arizona is needed to sell annuities?
To the best of my knowledge, as in most states, a life license is required to sell annuities in Arizona. Good luck.
How many companies sell private health insurance in the State of Texas?
There are many companies sell private health insurance in the State of Texas. You can get a list of them at www.tdi.state.tx.us/health/lhiah_lst_incl.html
What can some insurance sales personnel sell in addition to insurance?
In addition to these services, some agents are now licensed to sell mutual funds, annuities, and securities.
Do you need a license to sell indexed annuities?
Yes, you need a license to sell indexed annuities. You also have to carry errors and omissions insurance and maintain a certain number of continuing education credits.
Are the guaranteed benefits from American Equity annuities safe?
Generally speaking, an annuity company's guarantees are as safe as the company. Every state's insurance department monitors the assets of those companies that are doing business in their state to make sure that they'll be able to meet their obligations. As far as I know, American Equity is a legit company but check with your state's department of insurance/annuities to make sure they are approved to sell annuities in your state.
Do you need a series 6 or series 7 to sell fixed annuities?
no, just a life insurance license
If you received 45000 from a life insurance annuity how much federal tax would you pay?
There is life insurance. There are annuities. Life insurance companies sell annuities, but annuities are not life insurance policies. The answer depends on which one is under discussion. There is no income tax on payouts from life insurance policies. Annuities are purchased. The purchase price forms the owner's (or beneficiary's) basis in the contract; that is, the part that will not be taxed. The remainder of the payout is earnings (interest, usually) that have never been taxed, so are taxable to the recipient. How much tax would be due depends on how much of the $45,000 is taxable earnings, as well as how much other income the recipient receives in the year of the payout.
Where can someone purchase online motor insurance?
There are many companies that sell motor insurance on their websites. These companies include Geico, Progressive, Nationwide Insurance, and Liberty Mutual.
What companies offer insurance for motor bikes?
Many of the major insurance companies offer insurance for motor bikes. AllState, Geico, Nationwide, and Progressive sell insurance at reasonable rates.
