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To sell variable annuities, a financial professional typically needs to hold a life insurance license and a securities license, specifically the Series 6 or Series 7 license, which are issued by the Financial Industry Regulatory Authority (FINRA). The life insurance license allows the sale of insurance products, while the securities license is necessary for selling investment products like variable annuities. Additionally, compliance with state regulations is essential, which may require additional licenses or filings.
What else can I help you with?
What annuity requires a securities license?
Variable annuities require a securities license to sell them.
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.
What license do you need to sell equity-indexed annuities?
To sell equity-indexed annuities, you typically need a life insurance license, as these products are considered insurance products. Additionally, depending on the state and specific circumstances, you may also need to complete training or obtain further certification related to variable products. It's essential to check your state's regulations, as requirements can vary.
Do you need a series 6 or series 7 to sell fixed annuities?
no, just a life insurance license
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 annuity requires a securities license?
Variable annuities require a securities license to sell them.
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.
Can you sell fixed annuities yourself?
You can sell fixed annuities if you have a life insurance license.
What are series 6 and 63 licenses for?
Series 6 license is require for professionals who sell mutual funds, variable annuities, retirement plans and insurance products as well. While for series 63 license, it is required for those wish to sell only investment company products like mutual funds and money-market funds.
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.
What is a series 6 license?
Series 6 license is a type of securities license that the entitles the holder to as a registered limited representative who could sell mutual funds, variable annuities and insurance premiums. Holders of the Series 6 license aren't authorized to sell corporate or municipal securities, direct participation programs and options.
Can you sell a UIT with a series 6?
No, you cannot sell a Unit Investment Trust (UIT) with just a Series 6 license. To sell UITs, you typically need a Series 7 license, as it covers a broader range of securities, including UITs, stocks, and bonds. The Series 6 license is limited to selling mutual funds and variable annuities.
What license do you need to sell equity-indexed annuities?
To sell equity-indexed annuities, you typically need a life insurance license, as these products are considered insurance products. Additionally, depending on the state and specific circumstances, you may also need to complete training or obtain further certification related to variable products. It's essential to check your state's regulations, as requirements can vary.
What license is required to sell exchanged funds?
To sell exchanged funds, such as mutual funds or exchange-traded funds (ETFs), a financial professional typically needs to obtain a license from the Financial Industry Regulatory Authority (FINRA), specifically the Series 6 or Series 7 license. The Series 6 license allows individuals to sell mutual funds, variable annuities, and other packaged securities, while the Series 7 license enables the sale of a broader range of securities, including ETFs. Additionally, state registration and adherence to any specific regulations may also be required.
Can you sell equities with a series 6 license?
No, only mutual funds and fixed annuities.
What is a series 6 license used for?
The series 6 license allows the holder to sell mutual funds and fixed annuities.
