question about CFP and selling insurance

[philelmo]

are you allowed to sell insurance if you get your PFP or CFP? or do you have to get an insurance license?

I went to the bank, the financial advisor had CFP on his card, but is able to talk about insurance with me and sell it, so i'm just wondering..

[15-20_God]

i believe you need to be insurance licensed.
and because he has his cfp, it doesn't necessarily mean he's not insurance licensed.

[setell]

By law you need to have your insurance license to sell any insuranc products. He has CFP on his business cards because he has the CFP (cerfied financial planner) designation. Quite honestly I wouldn't talk to anybody about my finances if they don't have my CFP or working towards it. Btw having the CFP allows him to sell mutal funds etc.. for sure but not necessarily sell insurance license as they are governed by different bodies. Hope this helps.

[mcewen]

By law you need to have your insurance license to sell any insuranc products. He has CFP on his business cards because he has the CFP (cerfied financial planner) designation. Quite honestly I wouldn't talk to anybody about my finances if they don't have my CFP or working towards it. Btw having the CFP allows him to sell mutal funds etc.. for sure but not necessarily sell insurance license as they are governed by different bodies. Hope this helps.


the CFP does not allow you to sell mutual funds. The CFP is a designation governed (in Canada) by the Financial Planners Standards Council. Mutual funds licenses are governed by the OSC. Having your CFP doesn't even qualify you to be licensed. You must pass the CSC or the IFIC course.