Who Can Sell Fixed Annuities?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Fixed annuities are sold by life insurance agents. Because they are not invested in the stock market, the life insurance agent does not need a securities license to sell them (unless the person buying the annuity is using tax qualified funds to buy the fixed annuity, then someone with securities licenses needs to handle that part of the transaction).
    Answered on July 25, 2013
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