What License Is Needed To Sell Annuities?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   Tax deferred annuities have three crediting methods: interest crediting, indexed crediting and separate sub accounts. Tax deferred annuities that use interest and indexing crediting are non securities and fall under the jurisdiction of the department of insurance, which issues life insurance licenses to qualified agents. Tax deferred variable annuities, which use separate sub accounts, require a life license and a series 6 and 63 security licence under FINRA.

   Answered on August 8, 2013

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