As an Amazon Associate I earn from qualifying purchases.
Hey there, future insurance agents and veterans in the field! Thinking of choosing a career path in Insurance industry. Learning how to get and insurance license can take time and plenty of knowledge training. In this blog post learn how and where to get licensed in insurance. Also, understand the steps that are taken to get started in the insurance business and licensing process.
If you’re interested in entering the world of insurance sales or you’re already a part of it but are wondering how to get your insurance license or to keep your license valid, you’re in the right place. Obtaining and maintaining an insurance license is a crucial step for anyone wanting to offer professional advice on insurance policies. Let’s jump right into how to go about it!
So you have thought about learning the process of getting into the insurance industry. In this post I will give you a step by step process of gaining your license and then help you decide what you can do once your obtain it.
When it comes to any position in the industry of insurance you must hold a valid license to talk to clients or potential customers.
Weather you want to be licensed and work as a captive employee for just one company, Or as an independent agent, selling many products for many companies, the choice is yours. As an independent, you must apply to many companies where you will receive an appointment letter, afterwords you can make dials and purchase leads. You can start the working process once your license is accepted after passing your states exam.
Step 1: Meet the Basic Requirements
Before you even think about applying for an insurance license, you need to meet some basic requirements. While these can vary by state, the following are generally consistent:
- Applicant must be at least 18 years old.
- You must be a resident of the state where you intend to work.
- You must not have any criminal convictions related to the insurance industry (fraud, for example).
Step 2: Choose Your Line of Insurance
Insurance is a broad field, offering numerous opportunities. Decide whatever line of insurance interests you the most — be it life, health, property, casualty, or something else. This decision will impact your course study and exam. Check out my post that tells you about the Insurance Lines.
Step 3: Complete Pre-Licensing Education
Once you’ve chosen your line of insurance, it’s time to hit the books. Most states require a pre-determined number of pre-licensing education hours. These courses offer valuable insights into the world of insurance and prepare you for the state exam. Often, you can choose between in-person classes or online courses.
Where can you get your study material, you might ask. Signing up is easy for a credits course at examfx.com. This is a self study program that gives you the opportunity to study and learn at your own pace. Remember, you can take your state exam after 24 hours of signing up for the course. Utilizing all sources is definitely recommended.
Step 4: Pass the State Exam
After your educational requirements are fulfilled, you’ll need to pass a state licensing exam. The exam will test your understanding of state insurance laws and general insurance concepts. A passing grade usually varies by state but expect to score around 70% or higher to secure your license.
Step 5: Apply for the License
Congratulations, you’ve passed the exam! Now, you need to apply for your insurance license. This typically involves submitting an application and paying a fee. Background checks are also a standard part of the process.
Once you are ready with your license, as and independent agent, you can apply for appointments to sell with any company that accepts your appointment and go through their agent website to make sales and earn commissions.
If you choose to work captive with a broker, you will already have a license which will bring you to the top of the applications list.
Earning and maintaining an insurance license may seem like a long journey, but it’s one well worth taking. The opportunities for professional growth are abundant, and you’ll be in a position to guide people through some of the most significant decisions of their lives—choosing the right insurance policy.
Whether you’re aspiring to break into the industry or you’re a seasoned pro looking to keep that license shiny and new, the steps outlined above should help you on your path. And remember, when in doubt, always check with your state’s specific regulations
I hope this post has pointed you in a direction for achievement. Let me know do you want to be independent or captive agent working in the insurance field?
Leave your comments below. Also, you can sign up with your email address to subscribe to my newsletter that I will be sending out after the holidays. Maybe sooner.
Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates.