Here’s a step-by-step guide on how you can get a life insurance license. Getting a license takes a lot of effort but you can reap the rewards
You’ve decided that becoming a life insurance agent is the right move careerwise. The next step would be securing your life insurance license.
In this article, Insurance Business gives you a walkthrough of the entire process. We will give you a rundown of the licensing requirements, how long it takes to secure your license, and what it takes to build a successful career.
If you’re new to the industry and at a loss on where to start, then you’ve come to the right place. Read on and find out how you can obtain a life insurance license.
1. Meet the basic eligibility requirements.
There are certain minimum requirements that you need to comply with to secure a life insurance license. These may vary depending on the state but typically, aspiring life insurance agents and brokers must:
- be at least 18 years old, the minimum age to apply for a license in most states
- be free of any fraud or felony charges
- not owe any federal or state income taxes
- be able to successfully complete a background check
Some states also require that insurance agents and brokers not have pas