Who Sells Annuities?
.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.Annuities are contracts with an insurance company and, as such, are sold by life insurance agents and agencies. Fixed and indexed annuities can be sold by agents licensed in Life Insurance. Variable annuities involve investments so agents selling variable annuities must also have series 6 and 63 licenses. You can also shop for annuities on the internet up through the time of finalizing the transaction, which usually takes place in person.Answered on June 22, 2013flag this answer- 63333 POINTSview profilePeggy MaceMost of the U.S.Insurance companies sell annuities. They do so through life insurance agents, but not just necessarily in insurance offices and insurance websites. Banks, funeral homes, financial planners, stockbrokers, and other entities can sell annuities if the representative selling them has an up to date life insurance license. For variable annuities, they also need SEC licenses.Answered on August 15, 2014flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaIn California an annuity can be sold by anyone holding a life and disability insurance license. This license is issued by the state insurance commission. Normally these licensed individuals operate out of insurance agencies but they also exist in savings institutions and other, less likely places. An annuity is a complicated product and should not be purchased like you might purchase a box of cereal. Get solid financial advice and counsel before you purchase an annuity.Answered on August 15, 2014flag 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.
