Series 66: 3.7.3.4 Considered A Security

Taken from our Series 66 Online Guide

3.7.3.4 Considered a Security

Because of its variable component, a variable life contract is considered to be a security. This means that variable life contracts are regulated by securities laws and must be sold with a prospectus. They are also a life insurance product and should be sold as life insurance, meaning for their death benefits, rather than as investments.

+ Read More

More Series 66 Info

What are people saying?

Create an Account

Since you're reading about Series 66: 3.7.3.4 Considered A Security, you might also be interested in:

Series 27 - Quarterly Security Count Rule

Series 65 - Advisory Accounts

Series 22 - Advantages

Series 24 - Disclosure Requirements

Series 52 - 3.2.2. Pricing by Competitive Bid

Series 65 - Accounting Fundamentals

Series 63 - 5.3.5 Suitability

Series 65 - Dollar Cost Averaging

Series 24 - 4.1.12.2. Liabilities for False Communications

Series 14 - 5.1.4.1. Designation of OSJ General Securities Principal

Series 79 - Sizing, Pricing, and Timing

Series 66 - Payments in Perpetuity

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I passed my 66 with an 83%. The main method of studying was the mp3 that I downloaded and listened to on my commute to and from work. The audio book was the reason I did well. Thanks!

Eric Dicken, BB&T Investments, Winterville, NC

Very excited to pass the Series 66! The Solomon practice exams were very helpful to understand the concepts and fundamentals of the questions. I would highly recommend Solomon Exam Prep for all FINRA exams. Make sure to have a good grasp on agent registration and suitability when taking the 66. Thank you Solomon!

Blake Rossman, TrueWealth. Bellevue, WA

Passed the Series 66 on my first attempt. I thought the exam simulator was perfect. The material gave me the confidence I needed going into test day. I will only use Solomon for any other exams I take in the future. Thank you!

Brendan Halick, David White & Associates, Walnut Creek, CA

I passed my Series 66, 1st try. Your audiobook was the game changer for me. Thank you!

S Stephens, Merrill Lynch. Orlando, FL

Thank You. Thank You. Thank You. Having the audio, video lectures (with the printable power-point!) and exam simulator in addition to the book really engages you in the material. It becomes a game! I passed the 66 with an 84%.

Colleen Shelly, PNC Investments, Cleveland, OH

I actually took the test (Series 66) in November and passed! I purchased the book and bought access to the online tests and found both invaluable. The book provided a good basis for knowledge, and taking the tests over and over gave me the logic of what the test writers were seeking.

Erik Cooper, Dallas, TX