Final answer:
Traditional life insurance policies, like term or whole life, do not require agents to have FINRA securities registration for selling them, as opposed to products with investment components like mutual funds and variable annuities.
Step-by-step explanation:
The insurance product that does not require a FINRA securities registration to be sold by an agent is typically a traditional life insurance policy such as a term or whole life insurance. FINRA, which stands for the Financial Industry Regulatory Authority, regulates and supervises the sale of securities and the professionals who sell them. All of these insurance products require an agent to have proper FINRA securities registration in order to sell them, except for life insurance. Life insurance is not considered a security, but rather a contract between the policyholder and the insurance company. Therefore, agents selling life insurance do not need FINRA securities registration.
Products like mutual funds, variable annuities, and variable life insurance are considered securities and do require the selling agent to have appropriate FINRA securities registration. However, traditional life insurance products do not have an investment component tied to the securities market; hence, they fall outside the purview of FINRA.