How Long Does It Take to Become a Licensed Insurance Agent?

Insurance can take anywhere from a few days to a few weeks to get. In many countries, the work for the national exam is done on your own. Consequently, how quickly you will learn the subject is up to you. Insurance companies need qualified and motivated life insurance agents to sell their products. In this guide, I will talk about how long does it take to become a licensed insurance agent.

Life insurance is essential to protect your family. There are also chances for growth in this field. Young agents who choose to get experience can become leaders in their field, money, and responsibility.

When becoming an investment insurance agent, participants will be completing 40 hours of pre-licensing instruction and 40 hours of training to become insurance agents.

Based on the Bureau of Labor Statistics, the insurance industry is a growing business. Every year, more and more life insurance agents start working, which is a good thing because they can help people get the best deals.

Life insurance helps students keep going to school and meet their financial needs after their parents die. A partner left behind after the primary source of income can also use it after the death of the primary source.

It takes about a year to become an insurance agent, and you will need to pass the exam to get your license. There is also a background check that you will need to pass before selling insurance.

It is hard to say how much money you will make in this job if you are just starting. You have the potential for making more money as your experience grows. If you get clients and sell policies, the money will come in time.

How to Get Licensed?

How Long Does It Take To Become A Licensed Insurance Agent
  • When you want to become a licensed life insurance agent
  • You’ll need to pass a background check, a licensing course, and tests of your skills. In the next step
  • You will need to get a license.
  • Many states require insurance agents to get a license before selling it, but not all do. Some companies will help you get a permit to work on their team.
  • The company that hires you might have rules about how long you need to stay with them to pay for materials and exams. Check with them to see if there are any rules.
  • Courses vary from country to country, but on average, they last about 20 hours, and there are also a few hours of driving tests to take.
  • Once you finish the course and pass or fail the test, you can sell insurance in the country where you took the test. You can also sell insurance in other countries.
  • You may need to take more classes in some countries to keep your license.
  • These requirements are different depending on where you live and how much refresher training you need.
  • More information on insurance rules can be obtained from your national insurance office. 

Review your State’s Licensing Requirements

To start licensing process, you need to know what products you want to sell and which support is best for your insurance business. If you live in another country, the name of your license will be different from the one in your home country.

The two most common license types are:

  • Non-life policy licenses are for brokers who would like to assist people with a car, house, and commercial insurance; 
  • Term life licenses are required for brokers who wish to assist customers who require life covers, such as death, accidents, and medical insurance.

If your business plans call for more than one license, you may need more than one license. Don’t hesitate to contact the licensing authority in your state or the company you wish to work for more information.

How Long Does It Take to Become a Licensed Insurance Agent?

How Long Does It Take to Become a Licensed Insurance Agent

In a few days or a few weeks, it can take a lot of time for someone to get a license to sell life insurance.

You can take the classes you need to pass the state exam independently in many states. This means you can decide how quickly you want to study for the exam. A life insurance agent license is suitable because many people need life insurance to protect them from the world’s risks.

Starting this job will depend on where you live and how much you want to meet government and industry standards. There are many ways to keep your family safe. Please take advantage of the best choice and do what you can with it.

What about the Insurance Agent Exam to Get the License?

In most states, agents have to pass a series of tests and exams before becoming real estate agents. The number of tests you will have to take depends on your knowledge and experience.

Each state sets its standards for conducting these exams. Check with the regulating factor in your state to determine what the rules are in the state, so that’s what you should do.

Education-based exams are usually only available to people who have had a lot of higher education in an insurance-related field, like business administration or finance. Experience-based exams are traditionally only available to people getting their license for the first time who want to show they know what they’re doing.

These exams are usually made up of multiple-choice questions and a written test, and candidates must show that they meet the licensing requirements to pass them.

Insurance agents can also get a professional certificate after much work and experience in a specific field.

CPCU and CLU are the two most common professional credentials (Chartered Life Underwriter).

In addition to passing the exams, new insurance agents also need to complete all the steps to get their license.

You’ll need to sign documents, say that you haven’t been taken to court, fill out worksheets and references, get a business license, and pay fees like licensing or inspection fees. In most states, newcomers have to pay the first license fee in person when they apply for a license, and they have to do this person.

On the other hand, some also have an online application process that you can use. Depending on how the state program pays, you can pay at different points in the application process.

Frequently Asked Questions

What do you need to become a life insurance agent?

If you want to work as a life insurance agent, you don’t need college. High school graduation is usually required to become a professional dentist. It would be best if you are at least 18 years old and have taken or passed a course or exam. There are many jobs in this field.

About one out of nearly one in five people in the United States is uninsured or underinsured, and millions more require help.

You can get a life insurance license without contacting the company. You can also contact the life insurance agency or company of your choice and follow their steps to obtain a permit. There are different criteria that each company uses to choose and hire people, so it is essential to look over them very carefully.

Why do insurance agents need a license?

People who work as insurance agents must be licensed to talk about and sell insurance. Each country has its own rules for getting a license. If you work without a license, you could get a fine and be sued.

What to anticipate on the day of your insurance license examination

The test is not very tough if you have met all of the conditions and have carefully studied for it.

If you really want to operate on your laptop, arrive on time and take a seat. The vast majority of your test questions are multiple-choice. You will generally know immediately away if you succeeded or failed the test.

You can retake the course if you don’t pass the first time.

What does an insurance agent do?

A broker’s job is an insurance agent’s job of helping people buy and sell insurance policies. Agents are in charge of developing ways to promote different types of insurance, figuring out what businesses and people need, recommending insurance plans that fit their needs, and building relationships to get more clients.

Insurance brokers specialize in only a single type of insurance. They may specialize in health, property, disability, accident, or long-term care insurance.

There are a lot of ways insurance agents can make extra money. They can help clients who are preparing for retirement or who are planning their investments and retirement.

Are our insurance agent jobs considered in-demand occupations?

The number of insurance broker agents will grow by 10% from 2018 through 2028, which is much faster than the 5% growth rate for all jobs.

How do insurance agents make money?

Most insurance agents make money by getting a cut of the money that people buy insurance from them.

However, many agents, especially younger ones, also make money by building up their list of clients. They usually charge between 5% and 10% of the value of the insurance they sell, though this can be very different from one company to another.

Why do insurance agents need a license?

People who work as insurance agents must be licensed to talk about and sell insurance. Each country has its own rules for getting a license. If you don’t have a license, you could get a fine and be sued.

Bottom line

A job in the insurance industry is suitable for both young and older people. Depending on what you like, it can be a job that allows you to be very flexible and provide very different and exciting customer service. As an insurance agent, you can get into the job market quickly.

Choose your work environment, and make a lot of money, to name a few. Step one in finding a good insurance agent job is to figure out what an insurance agent does and how much education they need to do it well.



Adam Grabois is an expert in all aspects of Insurance and Property with 20 years of experience. He is a licensed broker of all lines including property, casualty, life, and health. As a licensed adjuster, he is well-versed in all aspects of insurance, and he owns All Needs Insurance agency in Florida.

He attended Tufts University where he earned his undergraduate degree, followed by a Master's degree from Columbia University.

Adam shares his breadth of experience by helping many businesses and individuals manage risk and protect themselves financially. He now shares this with the audience of the "Pro Insurance Info" website.

Articles: 281
error: Content is protected !!