what is a prelicense insurance course

Pre-license courses are taught at an accredited insurance school and often held at technical schools or county colleges, though many are available completely online now. At the end of the pre-licensing course, applicants must pass a course exam prior to taking a state insurance exam in order to become licensed.

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What is a pre - licensing course?

XCEL Solutions, the leading provider of online insurance pre-licensing education, is excited to announce as of February 1, Life, Accident & Health insurance pre-licensing courses will now be available in all 50 states, adding Illinois to its state-by-state coverage.

How to pass the insurance exam?

Part 1 Part 1 of 4: Studying for the Exam Download Article

1. Plan to devote about 35-40 hours of time to studying for the exam. ...
2. Download the State Exam Outline online. Each state provides an updated outline of their life and health exam online.
3. Focus on the core concepts of life insurance. ...
4. Take a prelicensing education course. ...
5. Search online for free practice exams. ...
6. Eliminate distractions while studying. ...

What does prelicensing mean?

What does prelicensing mean? Prior to receiving a license. (adjective)

How hard is the life and health insurance license exam?

The actual life and health insurance license exams are timed and range from one hour and fifteen minutes to over two hours. Try to replicate your test requirements as closely as possible during your practice tests, including enforcing time limits, closing study materials, and turning off personal electronic devices.

How long is the Texas Insurance License course?

The Texas Department of Insurance requires staff and independent adjusters to take a state-approved 40-hour live class or online course offered by an approved education provider. The candidate must also pass a state certification exam administered by the education provider or the states testing administrator.

What is the hardest insurance licensing exam?

Each insurance licensing exam presents its own challenge. Between Life and Health, students say that the Health insurance exam is the more difficult. Health insurance policies are simply more complicated than life insurance policies. The Property insurance exam is easier than the Casualty insurance exam.

How do you get a life insurance license in NC?

How to Get Your North Carolina Insurance LicenseComplete an Insurance Prelicensing Course. ... Pass Your North Carolina Licensing Exam. ... Get Fingerprinted. ... Apply for North Carolina Insurance License. ... Plan to Complete Required Insurance Continuing Education (CE) Credits.

How do I get a California insurance license?

How to Get Your California Insurance LicenseComplete an Insurance Prelicensing Course. ... Pass Your California Licensing Exam. ... Get Fingerprinted. ... Apply for California Insurance License. ... Plan to Complete Required Insurance Continuing Education (CE) Credits.

How do you become an insurance agent?

How to become a licensed insurance agentDecide what kind of insurance agent you want to be. ... Decide which insurance products you will sell. ... Review your state's licensing requirements. ... Take an insurance license exam. ... Submit your licensing application and background check.More items...

How hard is it to pass a life insurance exam?

Nevertheless, the passing score for all exams is 70%, and utilizing exam study tools can help you gauge whether or not you are on target to pass on the first try. The average exam-taker should expect to spend about 35 to 40 hours studying to pass the life and health insurance exam.

Is the NC insurance exam hard?

Though it may seem somewhat overwhelming at first, preparing for and taking the state health and life insurance exam is NOT that difficult. In fact, most agents who take the exam admit that it was easier than they imagined.

How much do life insurance agents make in North Carolina?

How much does a LIFE Insurance Sales make in North Carolina? As of Jun 21, 2022, the average annual pay for the LIFE Insurance Sales jobs category in North Carolina is $64,232 a year. Just in case you need a simple salary calculator, that works out to be approximately $30.88 an hour.

What disqualifies you from getting an insurance license in NC?

Applicants who have committed a felony of the first degree, a capital felony, a felony involving money laundering, fraud, or embezzlement, or a felony directly related to the financial services business are most likely not eligible to apply for an insurance license.

How long does it take to get an insurance license in California?

The Department typically requires 4 weeks to process and approve your insurance license, once they have received the required documentation. Upon approval, you will receive an email that includes a link to the Department's website that will allow you to view and print your insurance license.

Why do insurance agents quit?

26.2% voted a lack of money for leads as their primary reason why they quit. Less important reasons agents quit selling insurance include running out of prospects, personal issues like health problems, and discovering the business wasn't a right fit.

How much does an insurance agent make?

According to the Bureau of Labor Statistics (BLS), an insurance agent can earn more than $100,000 in their first year. The median annual wage for insurance sales agents was $52,180 as of May 2020. The lowest 10% of earners in the industry made less than $29,000, and the highest 10% earned more than $127,840.

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.

How long do you have to wait to take the life insurance exam again?

For example, Alabama mandates that individuals who have failed the life insurance exam twice must wait 90 days before they can try again.

How long is a live insurance course?

The live courses consist of five hours of instruction in life insurance policies and regulation. If you’re also planning on selling health insurance, you can bundle the two courses together. The health insurance workshop is also five hours long and takes place the following day.

What is a lesson in life insurance?

Lessons are a combination of text, videos and interactive illustrations that take you through the basic laws and principles of life insurance. Each lesson and its contents are visible in a sidebar and your progress through the course, including lesson study time, is tracked in your Pass Report.

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 a personal lines licensee?

A Personal Lines licensee is a person authorized to act as an insurance agent, broker, or solicitor for the same products as a Property and Casualty EXCEPT for commercial insurance products and workers' compensation. You will also need the 12 hour Code and Ethics course in order to obtain this license.

What is a life only licensee?

A Life Only and Accident & Health licensee is a person authorized to act as a life agent which entitles them to transact insurance coverage on human lives, endowments, annuities, accidental death, disability income, sickness, bodily injury, 24 hour Care coverage, as well as Long Term Care insurance.

What is a property only license?

Property Only is the course you will need to obtain your Property Broker/Agent license. Property Broker-Agent's lines of authority are defined as insurance coverage for the direct or consequential loss or damage to property of any kind. A Property Only licensee is a person authorized to act as an insurance agent, broker, or solicitor for products such as but not limited to: Businessowners policy, Commercial Multiple Peril, Commercial Property Coverage, Crop Insurance, Earthquake Insurance, Dwelling Property, Equipment Breakdown, Flood Insurance, Homeowners Personal Property, Inland Marine and Livestock. You will also need the 12 hour Code and Ethics course in order to obtain this property insurance license.#N#*You will receive 90 days access to the above course and as a bonus you get 7 days free access to video cram.

What is an accident and health licensee?

A Accident & Health licensee is a person authorized to act as a life agent which entitles them to transact insurance coverage on sickness, bodily injury, accidental death, disability income, 24 hour Care coverage, as well as Long Term Care insurance.

What is a property and casualty licensee?

A property and casualty licensee is a person authorized to act as an insurance agent, broker, or solicitor for products such as but not limited to: auto, motorcycle, residential, flood, earthquake, liability and more.

What is a limited line auto license?

This Limited Lines Auto license authorizes the transaction of automobile insurance for the private, non-commercial use of the insured motor vehicle with a load capacity of 1,500 pounds or less. Automobile is defined as a motor vehicle for private passenger type vehicles including motorcycles that are not used for public transportation nor rented to others. You will also need the 12 hour Code and Ethics course in order to obtain this license .#N#*You will receive 90 days access to the above course and as a bonus you get 7 days free access to video cram.

What is life only and accident and health?

A Life Only and Accident & Health licensee is a person authorized to act as a life agent which entitles them to transact insurance coverage on human lives, endowments, annuities, accidental death, disability income, sickness, bodily injury, 24 hour Care coverage, as well as Long Term Care insurance. This course INCLUDES the 12 hour Code and Ethics .#N#*You will receive 90 days access to the above course and as a bonus you get 7 days free access to video cram.

Why is it important to take insurance pre-license classes?

Based on the high cost of taking the insurance exam, it’s important that your insurance pre-license class or test prep course gives you the best opportunity to pass on your first attempt.

What is the score of Kaplan insurance course?

Kaplan's insurance course is StateRequirement's top ranked pre-license education choice for all who want to pass their insurance exam - scoring a 4.7 out of 5. Whether you're in a state that requires a certain number of pre-license education credits or not, Kaplan is a great option.

What is the average pass rate for Kaplan insurance?

National average pass rate provided by the National Association of Insurance Commissioners (NAIC) across all lines is 60% .

What is the pass rate for insurance exam?

The overall pass rate for the insurance exam is 60% (average across all lines), provided by the National Association of Insurance Commissioners. The insurance exam is not one to take on a whim and does require study and preparation. Kaplan reports a pass rate of 93.7% (average across all lines) for its graduates.

What is the essential plan?

The Essential plan is a hybrid option, with an online self-paced course that includes video and audio supplements. No matter what you need, Kaplan has a package that will work. Dashboard View: Students are able to see progress in all of the required portions of the course in the Dashboard.

Is Kaplan insurance pre-licensing education the cheapest?

Kaplan Insurance pre-licensing education is not the cheapest option on the market. Depending on your budget and how much preparation you need to pass the state licensing exam, this may be a big factor for you. Fortunately, Kaplan offers multiple packages and a la carte study tools so there’s something for every budget.

Is Kaplan Financial the cheapest pre-licensing course?

Price: Kaplan Financial is not the cheapest insurance pre-licensing course available, but it is also not the most expensive.