Series 6 registration issued by FINRA, as well as a state - issued representatives are required to have life insurance licenses if they want to sell. (fiainsights.org)
As an RIA, you can still obtain just a fixed - only life insurance license with your state, and then be an agent and thus able to sell fixed annuities and term life insurance and straight plain fixed whole life insurance (UL but not VUL), but that's all, and then just to people in your state. (toolsformoney.com)
This type of segregated fund can be sold by registered mutual fund salespeople at bank branches and by individual financial advisors who lack life insurance licenses. (hsbc.ca)