Suitability?
I'm a LH guy (indi,groups) BUT not licensed as a security agent/dealer or advisor. However, my license does allow me to sell Fixed Annuities (of which i know little about). BUT, i certainly have some questions.[LIST=1][*]Is it suitable to sell a "private mortgage and note" that pays 6% to a senior who's investment would be worth 25% of her net worth? Since this is not a security, does any kind of investment rule OR gov. agency regulation apply? [*]I know that insurance companies have restrictions on how much can be invested in annuities. Does anyone know what "that rule"
Source of insurance-forums.net
I'm a LH guy (indi,groups) BUT not licensed as a security agent/dealer or advisor. However, my license does allow me to sell Fixed Annuities (of which i know little about). BUT, i certainly have some questions.[LIST=1][*]Is it suitable to sell a "private mortgage and note" that pays 6% to a senior who's investment would be worth 25% of her net worth? Since this is not a security, does any kind of investment rule OR gov. agency regulation apply? [*]I know that insurance companies have restrictions on how much can be invested in annuities. Does anyone know what "that rule"
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