To sell a registered Variable contract, what licensing is required according to the material?

To sell a registered Variable contract, what licensing is required according to the material?

• A. A Life agent license
• B. A Securities license only
• C. A Health insurance license
• D. A Property and Casualty license

Answer: (A)

The key idea is understanding which license authorizes selling a registered variable contract. The material specifies that a life agent license is required to sell this type of product. This makes sense because a variable contract is sold as a life insurance product, even though it has an investment component. The life license authorizes the sale of life insurance products, including those with investment features. Securities licensing isn’t cited here as the required license for selling the contract itself, since that would pertain to securities; health or property and casualty licenses don’t cover life insurance transactions.

The key idea is understanding which license authorizes selling a registered variable contract. The material specifies that a life agent license is required to sell this type of product. This makes sense because a variable contract is sold as a life insurance product, even though it has an investment component. The life license authorizes the sale of life insurance products, including those with investment features.

Securities licensing isn’t cited here as the required license for selling the contract itself, since that would pertain to securities; health or property and casualty licenses don’t cover life insurance transactions.