I love that you guys/gals? read more into a question that was actually stated. I only asked what the req's were to sell 401(k)'s.... not that I was the holder of that minimum standard. In fact I hold a securities license.
I didn't say that "I" didn't service the account... I stated that there is virtually NO one complaining/calling to ME (a nice twist for a change).
The liability topic is an interesting one in that most of sell a product (health insurance) that has more POS
touch-points and virtually is wrought with litigation hurdles, but that doesn't seem to scare anyone.
I'm not suggesting that everyone SHOULD be selling 401(k) plans... I'm simply opening the door to those looking for a revenue stream that perhaps they had not thought of... or considered because they were under the impression that it required more than it actually does.
I maintain that there is a wide open market for those with even the minimal license requirements... albeit you might have to rely more heavily on the carrier (401(k)) rep's to perform many of those services for you... but if you're at least Series 6 licensed and you're looking at the EMPLOYER market as a supplement to what you're doing in the INDIVIDUAL market, this is a great place to investigate.
I guess my idea of selling pre-paid legal plans and pet insurance will met with the same resistance?