Review annuities, variable life insurance, suitability, and compliance rules tested on the Series 7.
Variable contracts and insurance products require a different kind of Series 7 reading because product features, tax treatment, suitability, and insurance regulation all interact. This chapter starts with annuities and variable life insurance, then moves into sales-practice standards and the compliance rules that govern recommendations.
That sequence reflects how these products appear on the exam. Candidates need to know what the product is first, then determine whether a recommendation, disclosure, or supervisory action is appropriate.