
Com Index Annuity Application 1 Purchase G Index Growth Annuity G IGA 5 G IGA 7 Attach Index Growth Annuity Disclosure, Form 122
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People also ask
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Do you need a Series 7 to sell bonds?
The Series 6 exam allows you to sell certain packaged products like mutual funds and variable annuities. The Series 7 allows you to sell almost everything covered under the Series 6, plus stocks, bonds, ETFs, and options. The Series 7 exam is longer than the Series 6 exam and requires a higher passing grade.
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What is the downside of fixed index annuities?
It's tied to an underlying market index, so when the index rises, so do your gains, up to a limit outlined in your contract. But, it's important to know that the interest you earn won't match the index's total performance due to fees, rate caps, spreads, and/or participation rates.
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Who can sell fixed-indexed annuities?
Insurance Agents: This is likely you! These are agents that have passed the state insurance exam to sell insurance products like fixed annuities, term insurance, etc. The sale of these products is regulated by the state insurance departments.
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What series do you need to sell annuities?
Selling Annuities The Series 6 license allows you to sell packaged investment products, including variable annuities, while the Series 7 license encompasses the sale of all securities products, including packaged investment products and individual securities, like corporate stocks and bonds.
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How much does a $100,000 annuity pay per month?
The monthly payout for a $100,000 investment is typically around $797. Like the 10-year option, payments continue for the full term even if the annuitant passes away. With a 20-year period certain annuity, a $100,000 investment will provide monthly payments of about $675. The payments are guaranteed for 240 months.
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Can you sell variable annuities with a Series 6?
The FINRA Series 6 is a securities license that allows an individual to act as a registered representative and sell mutual funds, variable annuities, and unit investment trusts (UITs).
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Can you lose money in an indexed annuity?
The difference between index-linked annuities and its fixed indexed cousin is if the index in an index annuity performs negatively, an annuity owner can lose money up to a “floor” that is reflected in your contract and can be a negative number!
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Do you need a Series 7 to sell indexed annuities?
Insurance agents who also want to offer equity-indexed and variable annuities must get approved as a registered representative by sitting for one of the tests given by the Financial Industry Regulatory Authority (FINRA): the Series 6 and Series 7.
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