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 7 - 13.3.3.1 The Taping Rule

Series 51 - Advertisements Exempt from Disclosure Requirements

Series 65 - Defined Contribution Plans

Series 24 - Fair Dealing with Customers

Series 27 - Marginable Securities

Series 66 - Mortgage Bonds

Series 66 - Post-Registration Requirements

Series 65 - Exercise

Series 7 - 9.4.3. Market Indexes

Series 50 - Municipal Advisor’s Responsibilities

Series 63 - 4.1.1 Delivery of the Prospectus

Series 24 - Second Market

Series 82 - 3.6.3. Six-Year Records

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

Thank you so much Solomon Prep for helping me to be able to successfully pass all three of my exams (SIE, Series 7 and Series 66) in a relatively short period of time. The exam packages were excellent! I will continue to refer people to your amazing program!

Jessica Macci, Goldman Sachs. Albany, NY

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

Karen and Team Solomon, thank you so much for all your support. Your Series 7 program was easy to understand. The "Ask the Professor" was invaluable for the Series 66. You are the program of choice for our office.

Kirk, PA

I passed the Series 66 exam with an 83 this morning! I wanted to personally thank you for all the help you have given me. Your method of presenting the information needed to pass these exams is outstanding (I only had two weeks to study). In the future I wouldn't even consider using another resource to tackle the preparation for a Series exam. Moving forward in my career I will be sure to pass this information on to friends and colleagues without hesitation.

Michael F. Lee, Jr. Hatteras Funds, Raleigh, NC

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

Thank you so much and special thanks to the product you put out!! I did not know about Solomon a year ago when I took the Series 7 and I used another company's material. I did not pass the 7 first time and I was extremely nervous about the 66. However your product was wonderful and thanks to you guys I passed the 66 on my first try!!! Can't thank you enough!!!

Maria Raspa, Merrill Lynch, Wellesley Hills, MA