Do I need an insurance license (to sell annuities) for each state or is there reciprocity?
I'm changing careers and am considering into financial services and, eventually, become a CFP. It seems that to get more jobs entry level, I need the 6 and 7, 63 and a license for life, accident and health. Is this correct? Also, I have a good financial base (BS & MBA), but retail investment experience, will this is a big problem?
You must get an insurance license in each state. You named all the correct licenses (at least to start). However, you want to get a Life and Health VARIABLE. This allows you to sell variable annuities. You have nothing to worry about their education. The only question is: Is can sell? Take the financial advisor average of 3 years to start "doing" (ie, $ 60k +). You'll have to work very of its tail. I have a friend who has been a financial advisor for 6 months and has already made $ 45,000 – you're doing really well. So it's possible advice. Me: stay away from investment firms speaking of "multilevel marketing", or allow you to do this work part time. I've been full time for over 4 years and am still learning new things each week. Consult with a company that will allow training and you really help customers.
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