a variable life insurance agent must be licensed and appointed as a life and variable contract agent, as well as an

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21-07-2022
Business

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a variable life insurance agent must be licensed and appointed as a life and variable contract agent, as well as an

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-07-27T17:33:30+02:00

A variable life insurance agent must be licensed and appointed as a life and variable contract agent, as well as a broker-dealer. This is further explained below.

What is a broker-dealer?

Generally, a member of the Stock Exchange who performs the duties of both a broker and a jobber.

In conclusion, An individual who wishes to sell variable life insurance must first get a license and then be designated as a life and variable contract agent in addition to being a broker-dealer.