08/01/2026
๐ Take Note please.
WHY DOES THE GOVERNMENT REQUIRE A LICENSE FOR FINANCIAL ADVISORS?
There are lot of reasons why the government requires practioners to get a license from the Insurance Commission, but here is the core set of significant factors;
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Because Financial Advice Affects LIVES, Not Just MONEY
Insurance decisions affect:
-A familyโs survival after death
-A childโs education
-Medical treatment
-Long-term financial stability
Rationale:
Anything that affects lives and long-term finances must be regulated.
The government issues licenses to ensure that only qualified individuals are allowed to give such advice.