Variable / Variable Products License

“Variable” refers to a product that is both insurance and securities, including life and annuities. Variable products are regulated by both securities and insurance industries and are funded through separate investment accounts.  

A variable products license enables a producer to sell variable insurance products, such as variable life insurance, variable universal life (VUL), and variable annuities. 

In order to sell a variable product, a producer has to be licensed under FINRA and a state issued corresponding authority insurance license.