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In Florida, you may need to surrender your life insurance license if you choose to retire, switch to a different profession, or if your license is suspended or revoked due to disciplinary actions. Additionally, if you decide not to renew your license or if you fail to meet continuing education requirements, surrendering may be necessary. If you're unsure, it's best to contact the Florida Department of Financial Services for specific guidance regarding your situation.
What else can I help you with?
What is an insurance 215 license?
It's the Florida insurance license that allows you to sell Life Health and Variable Annuity insurance in Florida.
What is a 215 license?
It's the Florida insurance license that allows you to sell Life Health and Variable Annuity insurance in Florida.
What type of insurance licenses can i get in Florida?
In Florida, you can obtain several types of insurance licenses, including a Life Insurance License, Health Insurance License, Property Insurance License, Casualty Insurance License, and Personal Lines License. Additionally, you can pursue specialized licenses for specific areas like surplus lines or variable annuities. Each license has its own requirements, including pre-licensing education and passing a state exam. It's important to check with the Florida Department of Financial Services for the most current information and specific requirements for each license type.
Do you need a security license to see variable universal life insurance?
Yes. To sell variable universal life insurance you will need a Series 63 Securities License, a variable life insurance license, and a regular life insurance license.
Where can I download the form to surrender life insurance policy?
I want to to download a form to surrender my life insurance policy. Where do I find this form. It is through Reassure America Life.
Can you get a temp license to sell life insurance in Texas?
Can you get a temp. license to sell life insurance in texas
Can you get a life insurance license in Michigan if you have a felony?
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.
Do you have to pay taxes on your life insurance cash surrender?
no
Why is a life insurance license important?
The only reason someone needs a life insurance license or certification is to be able to sell this type of insurance.
Life insurance surrender value?
Some types of life insurance policies accumulate cash value over time. If an insurance policy contract is surrendered before the maturity date, a surrender fee must be paid. Surrender value will be calculated by Cash Value minus Surrender charge.
What kind of life insurance policy offers the option to surrender the insurance and regain some of the cost of the policy?
Term Life Insurance
Cash Value of whole life insurance?
Cash value of whole life insurance is referred to as the "Cash Surrender Value". The cash surrender value is money the policyholder is supposed to receive from the insurance company when surrendering the whole life insurance policy with cash value. The cash surrender value amount due is the sum of the cash value stated in the whole life insurance policy minus any surrender charge and any outstanding loans and interest due on the loans.
