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I was doing a little research and found this Article written by some "attorney" regarding selling life insurance post DOL ruling. I'm a newby and looking for a niche product to sell, but this doesn't sound too friendly for agents.
LINK
He says here....
I'm brand new to the biz and looking for a niche, but it looks like the future of Life sales will require some kinda securities license as well as a state license.
Thanks for your constructive input.
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LINK
He says here....
"Complying with the strict language of the DOL rule may make it difficult to also comply with the spirit of Bulletin 11-4. Now, insurance-only agents must seek to meet a consumer’s overall investment needs and objectives while not crossing a state or federal investment advice-without-a-license line."
I'm brand new to the biz and looking for a niche, but it looks like the future of Life sales will require some kinda securities license as well as a state license.
- How can i circumvent getting a securities license and still sell Life insurance in light of the DOL ruling?
- What's my responsibility as a licensed agent only, with regards to selling life insurance?
- What am i allowed to say, and what am i not allowed to say?
Thanks for your constructive input.
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