Series 6: 6.3.3.4. Considered A Security

Taken from our Series 6 Top-off Online Guide

6.3.3.4. Considered a Security

Because of their variable component, variable life contracts are considered to be securities. They 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 benefit, rather than as an investment.

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