The Series 6 permits the "rep" to sell only mutual funds and variable annuity contracts.
An investor should consider the financial strength of the insurance company that writes annuity contracts.
If that were done, such loans would be treated in the same manner as recent distributions from annuity contracts.
The plan must purchase annuity contracts for all participants.
Insurance companies often pay such excess interest in their fixed annuity contracts to make them more attractive as investments.
In addition, some money market accounts held within annuity contracts last year produced small losses of capital.
By law, an annuity contract can only be issued by an insurance company.
They can be a transfer of securities or an annuity contract.
Policyholders who can vote must have held an insurance policy or annuity contract that was in force as of yesterday.
"And it gets built into the prices and fees inside the variable annuity contract."