A variable annuity is an insurance and a security product, governed the department of insurance in each state and FINRA. To sell variable annuities, you must be series 6 and 63 licensed in the state your client lives in. some variable group annuities are not classified as a security in some states, only a life license is necessary.
Selling Variable Annuities requires at least a Series 6 License. These individuals are referred to as Registered Representatives. They have gone through several hours of classroom and online studying with an in-depth test.
When you are working with a Registered Representative, you can ask him for his license number or you may, depending on your state, look him up through the Department of Insurance.
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When you are working with a Registered Representative, you can ask him for his license number or you may, depending on your state, look him up through the Department of Insurance.