how to choose pre-licensing course for insurance sales

In order to pass an insurance licensing exam, you’ll need to take an insurance pre-licensing course based on your state’s laws and regulations regarding the sale of insurance. These insurance pre-licensing courses generally cover both federal guidelines and local insurance law, and are taught to cover material that will be included on the test.

Full Answer

Why choose the best insurance pre-licensing course?

Apr 05, 2022 · ExamFX – Best for Flexibility. If you want the most flexibility from your insurance course, ExamFX has four different packages with everything from a self-paced course to in-person learning. While it is one of the pricier options, having so many options is worth it for many students. Their students report an impressive 93% pass rate on the ...

Do I need pre-license education hours for the insurance license exam?

So whether you need a pre-licensing course for earning an Adjuster, P&C, or Life and Health insurance license, we can help! Simply start your search by either license type or your specific state. Getting Started - Option 1: Search For Pre-Licensing Courses By License Type. Life & Health Licensing. P&C Licensing.

How do I prepare for the insurance producer licensing exam?

Apr 13, 2022 · Step 1: Complete a Pre-License Education Course. Some states require that you complete a pre-license education course to be able to register for the insurance exam, while others only need your completion certificate on test day. Some states do not require a …

How do I become a life insurance salesman?

ABTrainingCenter.com offers a variety of insurance prelicense courses throughout the U.S. Instructor-led and self-study formats to help you earn your insurance agent / producer license. Either click through to your preferred license type or your specific state by using the links below. Getting Started - Option 1: Search By License Type

How many types of life insurance exam prep courses are there?

There are three main types of life insurance exam prep courses, and the right one for you depends on your budget, schedule, location and preferences. We’ve outlined each of them below in order from least to most expensive.

What is life insurance exam prep?

A typical life insurance exam prep course includes a study manual, flashcards, videos and a question bank. The best ones will also give you access to full-length practice tests that you can use to measure your progress and determine which areas you need to review further. These study materials are especially important for self-paced courses where that’s all you get. National Online Insurance School did the best here with an unlimited number of simulated exams and a Pass Report feature that tracks your progress over time.

What happens if you fail your life insurance exam?

If you complete the course and still fail your life insurance exam, the companies will refund you the cost of your course materials. There are certain requirements you must meet in order to take advantage of the guarantees, however, so make sure you read the fine print before you sign up.

What is the best college for life insurance exam prep?

Kaplan University has become a popular choice for life insurance exam prep thanks to its thorough study programs and flexible purchasing options that enable you to buy only the materials you want. It offers on-demand courses nationwide and in-person courses in 12 states.

How long is the life insurance exam?

The life insurance is a multiple-choice computer-based test, though the length of the exam varies by state. Most range from 1.5 to 2 hours with somewhere between 75 and 100 questions. Your exam may be longer if it is a combined health and life insurance exam.

What is the passing score for life insurance?

The passing score for all life insurance exams is 70 percent. You are awarded points for the questions you get right, but there is no penalty for incorrect answers.

How long is a certificate of completion good for?

You can cancel or reschedule this exam at any time up until the test date. But remember, your certificate of completion is only good for one year, so you must take the exam within this timeframe.

What is insurance pre-licensing?

Insurance pre-licensing courses primarily cover basic definitions and components of insurance policies (such as types of policies, policy provisions, riders, and options), as well as your state's insurance regulations.

How long is a pre-licensing course?

The length of your insurance pre licensing course varies by state, but you should expect anywhere between 40 to 80 hours ...

How much does it cost to become an insurance agent?

The cost to become an insurance agent varies by state and is typically around $350. For example, if you are applying to become a life insurance agent in North Carolina, you will pay the following fees: 1 Pre-licensing education course: between $129 and $249, depending on the course 2 Licensing exam: $45 3 Registration fee: $50 4 Application processing fee: $44 5 Fingerprinting: $38

What are the requirements for a life insurance policy?

The specific information tested will vary by state and type of exam. It may include: 1 Purpose of insurance for financial security and emergencies 2 Contract law as it applies to insurance 3 Underwriting and application 4 Traditional policies, such as term life insurance or homeowner’s insurance 5 Flexible feature policies, such as whole life policies 6 Policy provisions, options, and riders 7 Annuities and retirement plans 8 Business and group life insurance, commercial property and casualty insurance 9 Duties and responsibilities of a life insurance agent 10 State-specific insurance law and regulations

What is a FINRA license?

FINRA Securities License Exams. Many insurance agents go on to get their securities license as well. These licenses allow insurance agents to market and sell securities or variable-contract life insurance policies and are administered by the Financial Industry Regulatory Authority (FINRA).

What is the purpose of insurance?

Purpose of insurance for financial security and emergencies. Contract law as it applies to insurance. Underwriting and application. Traditional policies, such as term life insurance or homeowner’s insurance. Flexible feature policies, such as whole life policies. Policy provisions, options, and riders.

How much does an insurance sales agent make?

The highest earning insurance sales agents work for direct health and medical insurance carriers and make $65,180 annually. Those working for direct insurance carriers other than life, health, and medical make $54,110 annually. Finally, those who work at insurance agencies and brokerages make $49,000 annually.

How much does it cost to get fingerprints taken?

The cost of fingerprinting is usually between $35 and $75 dollars.

Insurance License Courses, Licensing Requirements, And Exam Prep Materials

ABTrainingCenter.com offers a variety of insurance prelicense courses throughout the U.S. in seminar, online, and self-study formats to help you earn your insurance agent / producer license. Either click through to your preferred license type or your specific state by using the links below.

Getting Started: How To Understand The Insurance Licensing Requirements For Your State And Earn Your Insurance Licence

An insurance license allows you to sell insurance products in your state legally. While each state has unique requirements, much of the process will be the same across the country. The following steps will put you on the path toward your career as an insurance agent.

What is the purpose of pre-examination education?

The primary purpose of pre-examination education is to provide an overview of the insurance marketplace.

What is continuing education in Pennsylvania?

As an additional protection to Pennsylvania’s Insurance consumers, Continuing education (CE) is one tool the Department uses to ensure ongoing technical competency of its licensed insurance professionals. Act 147 of 2002 gives the Department limited authority to waive CE requirements on an individual basis.

What is a CIC?

A candidate who has the Professional Designation CIC- Certified Insurance Counselor apply ing for Life, Accident and Health or Property and Casualty Line of Authority; A person who is licensed in another state as an Insurance Producer for the lines of authority for which the person desires to be licensed; A person who has a line of authority limited ...

Do adjusters have to take prelicensing education?

Adjusters are not required to take prelicensing education but must take the examination. Individuals holding one or more of the following insurance designations are exempt from prelicensing education requirements but the individual must take and pass the examination: Accident and health or sickness.

What is a CIC in insurance?

Certified Insurance Counselor (CIC) or. Holder of degree in insurance (associate or bachelors) If an applicant exempted from prelicensing education fails the examination, the applicant must successfully meet North Carolina's mandatory prelicensing education requirement prior to retaking the examination.

What is the candidate guide?

The Candidate Guide contains pertinent information relating to prelicensing and examination requirements. On both websites is a list of approved prelicensing providers that an applicant may contact for scheduling of courses. Insurance Candidate Guide. (link is external)

Self Study Package

Perfect for self-motivated learners - Study 24/7 with our Interactive Learning Portal, access streamlined exam-specific content and reinforce your new knowledge through multiple quizzes and simulated exams.

Video Study Package

The Video Study Package allows you to further enhance your learning with OnDemand Videos, covering all testable content. It includes access to our Online Learning Portal and all the tools you need to succeed.

Live Online Study Package

Perfect for self-motivated learners - Study 24/7 with our Interactive Learning Portal, access streamlined exam-specific content and reinforce your new knowledge through multiple quizzes and simulated exams.