Jeffrey Wade
To sell life insurance, you must obtain a life insurance license. This is also referred to as a life and health insurance license. To get this license, you must pass an exam. There are also professional organisations that offer certification programs to obtain advanced designations and training in specialty areas that may also require exams.
| Characteristics | Values |
|---|---|
| Name of certification | Life and Health Insurance SalesTest Guide |
| What it permits you to sell | Annuities, term, and cash value (commonly called whole or universal) life insurance |
| What else you need to get it | Relevant experience, complete education requirements, pass a comprehensive examination and adhere to a code of ethics |
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What You'll Learn
Life insurance license
To sell life insurance, you need to obtain a life insurance license. This will allow you to sell annuities, term, and cash value (also known as whole or universal) life insurance.
In the US, each state has its own requirements for obtaining a life insurance license. All states require candidates to take an exam, but some states also require candidates to have relevant experience and complete education requirements. Some states, like Alabama and Florida, offer the options of earning a life insurance license, a health insurance license, or a life and health insurance license. Each of these three types requires passing a separate exam. Other states, like North Carolina, have separate licenses for life and health but not a combination, and each requires passing a separate exam.
Once licensed, there are professional organisations that offer certification programs to obtain advanced designations and training in specialty areas that also may require exams. After getting the proper securities license, insurance agents may also sell securities and other financial products. To get licensed to sell such products requires the passing of additional exams, the Series 6 or Series 7 licensing exam, both of which are administered by the National Association of Securities Dealers (NASD). The Series 6 exam deals with the sale of mutual funds and variable annuities, while the Series 7 exam qualifies agents as general securities sales representatives.
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Health insurance license
To sell life insurance, you need to obtain a life insurance license. This will allow you to sell annuities, term, and cash value (also known as whole or universal) life insurance. To obtain this license, you must pass an exam.
Some states, like Alabama and Florida, offer the option of earning a life insurance license, a health insurance license, or a life and health insurance license. Each of these three types requires passing a separate exam. Other states, like North Carolina, have separate licenses for life and health insurance but do not offer a combination of the two.
To get certified, you must have relevant experience, complete education requirements, pass a comprehensive examination, and adhere to a code of ethics. There are many different resources available to prepare for the Life and Health Insurance examination, including classes, flashcards, study guides, and practice exams.
Once you have obtained your license, there are professional organizations that offer certification programs to obtain advanced designations and training in specialty areas that may also require exams. For example, to get licensed to sell securities and other financial products, insurance agents must pass additional exams, such as the Series 6 or Series 7 licensing exam, which are administered by the National Association of Securities Dealers (NASD). The Series 6 exam deals with the sale of mutual funds and variable annuities, while the Series 7 exam qualifies agents as general securities sales representatives.
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Life and health insurance license
To sell life insurance, you need to obtain a life insurance license. This will allow you to sell annuities, term, and cash value (or whole/universal) life insurance. If you want to sell health insurance as well, you will need a life and health insurance license. This will enable you to sell the same products as a life insurance license, plus policies that provide protection for medical expenses, loss of income due to a disability, and the need for long-term care.
In the US, all 50 states require anyone who wants to sell life and health insurance to take an exam to obtain an insurance sales license. The exam is offered by the state licensing boards. Candidates are not usually required to take a course to prepare for the exam, but each state offers many different courses, both online and in the classroom. Once licensed, there are professional organisations that offer certification programs to obtain advanced designations and training in specialty areas that may also require exams.
To get certified, a candidate must have relevant experience, complete education requirements, pass a comprehensive examination, and adhere to a code of ethics. There are many different resources available for preparing for the Life and Health insurance examination, including classes, flashcards, study guides, and practice exams.
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State licensing boards
All 50 states require anyone who wants to sell life insurance to first take an exam to obtain an insurance sales license. This exam is offered by the state licensing boards. Each state offers many different courses, both online and in the classroom, to prepare for the exam. However, candidates are not typically required to take a course.
Once licensed, there are professional organisations that offer certification programs to obtain advanced designations and training in specialty areas that also may require exams. These include the Series 6 and Series 7 licensing exams, which are administered by the National Association of Securities Dealers (NASD). The Series 6 exam deals with the sale of mutual funds and variable annuities, while the Series 7 exam qualifies agents as general securities sales representatives.
State law and regulations require that insurance sales agents selling life insurance obtain a license before working within the state. A life insurance license permits you to sell annuities, term, and cash value (commonly called whole or universal) life insurance. A life and health insurance license enables you to sell these life insurance products, plus policies that provide protection for medical expenses, loss of income due to a disability, and the need for long-term care.
Some states, like Alabama and Florida, offer the options of earning a life insurance license, a health insurance license, and a life and health insurance license. Each of the three types requires passing a separate exam. Others, like North Carolina, have separate licenses for life and health but not a combination, and each requires passing a separate exam. To get certified, a candidate must have relevant experience, complete education requirements, pass a comprehensive examination and adhere to a code of ethics.
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Securities license
To sell life insurance, you need to obtain a life insurance license. This will allow you to sell annuities, term, and cash value (also known as whole or universal) life insurance. To get this license, you must pass an exam. Some states, such as Alabama and Florida, offer the option of earning a life insurance license, a health insurance license, or a life and health insurance license. Each of these three types requires passing a separate exam. Other states, like North Carolina, have separate licenses for life and health insurance but not a combination, and each requires passing a separate exam.
Once licensed, there are professional organisations that offer certification programs to obtain advanced designations and training in specialty areas that may also require exams. To get certified, a candidate must have relevant experience, complete education requirements, pass a comprehensive examination, and adhere to a code of ethics.
After getting the proper securities license, insurance agents may also sell securities and other financial products. To get licensed to sell such products requires the passing of additional exams, the Series 6 or Series 7 licensing exam, both of which are administered by the National Association of Securities Dealers (NASD). The Series 6 exam deals with the sale of mutual funds and variable annuities. The Series 7 exam qualifies agents as general securities sales representatives.
The Series 7 exam is also known as The Securities Test Guide. This exam is offered by the state licensing boards. Candidates are not typically required to take a course to prepare for the exam; however, each state offers many different courses, both online and in the classroom.
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Frequently asked questions
A life insurance license permits you to sell annuities, term, and cash value (commonly called whole or universal) life insurance.
A life insurance license permits you to sell annuities, term, and cash value (commonly called whole or universal) life insurance. A life and health insurance license enables you to sell these life insurance products, plus policies that provide protection for medical expenses, loss of income due to a disability, and the need for long-term care.
To get certified, a candidate must have relevant experience, complete education requirements, pass a comprehensive examination and adhere to a code of ethics.
The Series 7 exam qualifies agents as general securities sales representatives.
