[Series 66] 14, Annuities and Life Insurance Tradeoffs

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

• Differences between fixed, variable, whole, universal, and term insurance contracts.

• Longevity risk vs premature death protection decision framework.

• Taxation of non-qualified annuity distributions under LIFO rules.

• Federal tax guidelines for Section 1035 tax-free insurance exchanges.

• NASAA model rules regarding suitability and variable product recommendations.

For independent exam preparation resources, visit https://open-exam-prep.com/practice/series66 and https://www.youtube.com/@Open-exam-prep .

Sources checked: September 14, 2026

https://www.nasaa.org/wp-content/uploads/2023/02/Series-66-Outline-June-2023.pdf

https://www.finra.org/registration-exams-ce/qualification-exams/series66