Which of the following insurance products does NOT require an agent to have FINRA securities registration?

The correct choice indicates that a modified whole life insurance product does not require an agent to have FINRA securities registration. Understanding the nature of insurance products is key to recognizing which types do necessitate such registration.

Modified whole life is a type of permanent life insurance that generally offers a lower premium in the initial years, which then increases after a specified period. This product is purely an insurance product and does not involve investment elements or securities, therefore, it does not fall under the regulatory governance that requires agents to hold a FINRA license.

In contrast, variable life insurance products, like variable life, include investment elements and allow policyholders to allocate a portion of their premiums into investment options, making them subject to FINRA regulations. Whole life also functions strictly as an insurance product but does not involve the same complexities as variable life and doesn’t require a special securities license. However, its investment component differentiates it from modified whole life products in this certain context.

Understanding which products require securities registration typically revolves around whether they include investment components. Modified whole life insurance is straightforward in its offering, thus eliminating the need for an agent to possess securities registration through FINRA.