Annuities License

Dec 6, 2018

  1. FutureForbes
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    FutureForbes Expert

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    State:
    Massachusetts
    To my understanding you have to obtain a series 7 securities license.

    How clean does your credit report have to be to get one.
     
  2. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    State:
    California
    1. To sell fixed or fixed indexed annuities does not require any securities licensing. Only a life insurance license and perhaps completing state-specific CE courses.

    2. If you want to sell variable annuities, you can get either a Series 6 & 63, or 7 & 63 licensing. However, you have to be sponsored by a broker/dealer to sell them.

    3. Your credit standing would need to be evaluated and certain items may need to be disclosed on your U-4. Check out the questions under section 14.

    http://www.finra.org/sites/default/files/form-u4.pdf
     
    DHK, Dec 6, 2018
    #2
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