Series 65: 3.8.3.4 Considered A Security

Taken from our Series 65 Online Guide

3.8.3.4 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 65 Info

What are people saying?

Create an Account

Since you're reading about Series 65: 3.8.3.4 Considered A Security, you might also be interested in:

Series 7 - 15.3.3.2.3. Rule 204—Close-Out Requirements

Series 26 - Education Savings Plans

Series 14 - 6.1. Underwriting Process and Requirements for Public Offerings

Series 7 - 10.2.3 Credit Risk

Series 24 - Limited Partnerships and Limited Liability Partnerships

Series 50 - Written Post-Issuance Policies

Series 24 - Retirement Plan Accounts: Qualified vs. Non-Qualified Plans

Series 63 - 5.2. Practical Application

Series 66 - Ticker Information

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I want to thank Solomon Prep for helping me to pass the Series 65.

Nelson Coleman, Saint Louis, MO

I PASSED. A big thank you to Solomon Exam Prep for breaking down the material for the Series 65 exam into understandable information. I started my exam prep journey with another provider and their material was simply too wordy and full of unnecessary information. I switched to Solomon Exam Prep and the material was easy to follow and I PASSED. Thanks so much for being there for me.

Tammy Gladstone, State Farm Insurance, California, MD

The audio book was fantastic, and I passed the Series 65 on my first attempt. Thank you!

Steve O'Dell, Merrill Lynch, Westchester, NY

I am delighted to be able to tell you that I passed my Series 65 exam on my first attempt earlier today. Although I am an experienced adviser my work has previously all been in the UK and servicing UK Expats so have had no previous experience in the US or its regulatory framework. My only resource was the Solomon Exam Prep module for Series 65. It had everything I needed including prompt (super quick) responses to queries from real people. Even on a Sunday which I find incredible. A big thank you to you and the whole staff; I have recommended you to a number of people and will continue to do so; worth every penny.

Jonathan Brookes, Hoxton Capital, Austin TX

I have passed the SIE, Series 63, and Series 65 all on the 1st attempt. Thank you Solomon Exam Prep! The practice tests are great and really prepare you for the real exam.

Gary Kilanowski. Scottsdale, AZ

The Exam Prep online exams solidified the material in my mind and allowed me to use the timer to think quickly. Although the Series 65 exam is not a race, time is a key factor. I finished the test in about and hour and 10 minutes and then spent 20 minutes going back to review the questions I marked, a couple of which I had to use logic to guess what the terms meant (always dangerous to use logic when it comes to this stuff). After completing I pressed the button to submit it for grading and the whole while my heart was pounding as I thought for sure I failed due to the length of time it took to grade (I am certain the computer was laughing at my getting so many ridiculous questions on one test). Lo and behold when the screen returned I got an 82 and I don't think that I could have done it with out your book and your online tests to hammer the info in to my head. At 45 years of age having been removed from college for to many years it was quite an arduous task especially with out a class and about 2 months to prepare part time on my own. So in a long winded way thanks I am sure I could not have passed the Series 65 without your help.

Roger Vertes, Boston, MA