Do you need to have good credit in order to get your insurance license to sell fixed annuities?
I have been offered a job with a financial company that is a broker who sells cd’s, fixed annuities, IRA’s etc and was told that you have to have very good credit in order to get your license and be appointed by the larger insurance companies whose products you will be selling. If so what sort of items are looking for on your credit report.
Well not in most cases, there are different pay setup’s from different companies if you have had a bankrupty. Also in order for you to offer any securities you will need a securities license (S26,S6,S63,S7, etc.) along with a life license.
Well, you don’t need the good credit for the license part, but you will need it for the appointment part.
They want to make sure your bills are current, you’re not over extended, you don’t have any bankruptcies, etc.