What Does It Take To Sell Annuities?

1. 

   63333 POINTS

   view profile
   Peggy Mace

   Most of the U.S.

   To see fixed annuities, it takes an insurance license in Life and Annuities (the Life license covers both). To sell variable annuities, it takes a series 6 (limited investment securities license)  or series 7 license. The latter entitles the representative to work with all types of securities products, minus commodities and futures. If the agent selling fixed annuities needs to roll over funds from a qualified plan into the fixed annuity, a series 6 or 7 license is also required.

   Answered on August 11, 2013

   flag this answer
2. 

   61667 POINTS

   view profile
   Steve Savant

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

   Selling annuities takes a solid understanding of taxation since a key feature of annuities is its tax deferral. Tax deferred annuities also use three basic crediting methods you'll need to learn: fixed interest rate crediting, indexed crediting and separate sub account crediting (or debiting.) If you decide to offer the full array of tax deferred annuities you'll need to secure your life insurance license from your state department of insurance and your series 6 or 7 with a series 63 for your state offered through your broker/dealer via FINRA.

   Answered on August 11, 2013

   flag this answer
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.