What would you like to do?
Are life insurance license exams hard?
Most Life Insurance companies require you to have a mini exam as a requirement for coverage. This exam usually comprises of taking your height/weight, blood sample, urine samp…le and a few background health questions. After the exam is completed, the fluids are sent to a lab and then all information is forwarded to the carrier's underwriting department for consideration. Insurance companies will do this to get an overall picture of how healthy you are and what kind of lifestyle you live. Those who go down this route usually get No Exam Life Insurance due to convenience or because they haven't seen a doctor in a few years. To qualify for No Exam coverage, you generally need to answer 7-10 health questions. A couple good sites to visit are: www.nonmedtermlife.com www.crosslandfinancial.com
Probably not; bankruptcy law generally prohibits the revocation of any license due to filing bankruptcy. However, if you're Bernie Madoff (or someone like him), that may not h…old; fraudulent debts generally can't be discharged, and thus are prime targets for license revocation. (Also, if you have a securities license you may NOT be allowed to file Chapter 13; ask your attorney.)
Depends on the circumstances most companies will allow it aslong as you have set up some type of payment plan to pay the lien.
Answer It shouldn't be a problem unless you are still on probation. A felony on the other hand would be a problem.
In order to obtain a Life insurance license, you need to fulfill your state's Life insurance licensing requirements. All 50 states have different licensing requirements and yo…u can find out about your state's Life insurance license requirements by visiting the website of your state's department of insurance. Some states have mandatory number of credit hours that need to be completed and some states don't. If there is a mandatory credit hour coursework requirement, study the course, take the online practice exams so you're familiar with the type of questions you can expect and then schedule for the state exam. There may be a small fee to help you schedule your Life insurance license exam. You need to pass the state exam to get your Life insurance license and start selling Life insurance policies. Check this link below for more information.
This online exam covers comprehensive introduction to health, accident and disability insurance. This would include contract law, health insurance providers, insurance policie…s for life and health, government programs, private insurance plans for seniors, underwriting and premiums, group health insurance and the uses of health insurance. This may feature interactive learning aids that will help you through the process of your insurance licensing exam.
There are various costs. Study materials are anywhere from $100 - $200. A pre-exam course if you choose to take one or if your state requires one, The exam is another $100 +/-… Then there is the cost of the license in your state. Once licensed you will also have the expense of an E&O insurance policy, continuing education and of course marketing. I re-imburse most of these expenses for my agents. Want to get licensed? Get in touch. 4LifeGuild
Not hard at all if you know the material. Answerand motivated -- Additionally, you can actually look for several online exam prep or review courses to help you prepare fo…r your upcoming real estate exam. Though such does not offer exact questions offered in the actual exam [it is because it's illegal], these prep courses help students to review and find out what they have learned when taking their real estate license courses. This is more like a practice test / study guide.
Insurance is a sales oriented business. The skill to talk to people, read their needs and wants, and persuade them that you know what they need is important. Most insurance ag…ents work on a commission basis. If you can't talk to possible customers or buyers into purchasing your insurance products, you won't be successful in this business. Here are some tips for preparation for being an insurance agent: 1.Familiarize yourself with the field of insurance. Life, Health, property and casualty insurance are the areas/lines in which most agents currently work. 2.You would need to have a Bachelor's degree in Business or Economics. Insurance companies prefer to hire individuals whose academic background includes courses in Finance, Math, Accounting, Economics, Business, Public Speaking and other business-related courses. Proficiency with computer software used by the insurance industry is also needed. 3. If you want to really alter your skills to be an insurance agent then I suggest you to work part time for an insurance agency while you're in college. 4.Be prepared to take continuing education classes for years to come. Many states require these on a regular basis after you pass your insurance licensing exam.
Bankruptcy will not prevent you from renewing your insurance license. When your license is renewed, one of the administrative action or sanction questions will cover bankrupt…cy and require you to answer "yes". This will immediately flag your renewal application to require legal documentation. After the renewal has been submitted, you or your compliance service provider will need to submit the proper legal documentation about the bankruptcy to the department(s) of insurance for review. Failure to supply the proper documentation can result in the rejection or expiration of the application resulting in license cancellation. The cancellation could then result in fines and administrative actions. Producers who receive administrative actions, fines, sanctions or file for bankruptcy are required to notify the departments of insurance in all states where they hold active licenses within 30 days. Failure to report these actions may result in further administrative actions including fines and license revocation.
I was told by Bankers life and Casualty insurance company that if you have a Felony, Michigan will not issue a license to sell life insurance to you.
Depending on your license you may be able to sell fixed annuities. Variable annuities require Series-7 license however
You can contact the California Department of Insurance either by phone or on the internet. There will be a bureau that specifically handles agent licensure issues.
Answer . It varys state to state but basically you do the self study course. There may also be a classroom required then you sit for the exam. I can help you with all of th…is. 4LifeGuild
The answer to that question depends on where you live. In the NE area Liberty Mutual may. If you find a good broker they may also work with you and cover the expenses to get… you licensed etc.
Contact the Georgia Department of Insurance. You must meet their requirements and pass a test.