Pass Rates and Recommended Study Time Nevertheless, the passing score for all exams is 70%, and utilizing exam study tools can help you gauge whether or not you are on target to pass on the first try. The average exam-taker should expect to spend about 35 to 40 hours studying to pass the life and health insurance exam.

What disqualifies you from getting an insurance license?

Applicants who have committed a felony of the first degree, a capital felony, a felony involving money laundering, fraud, or embezzlement, or a felony directly related to the financial services business are most likely not eligible to apply for an insurance license.

Do insurance salesmen make good money?

The median annual wage for insurance agents was $48,150. The highest paid 10% of insurance agents earned more than $116,940 annually. The lowest paid 10% of insurance agents earned less than $26,120 annually.

How many times can you take the life insurance exam?

You can take the exam three times in one year.

Do you need good credit to be an insurance agent?

What are the education requirements for a credit insurance agent? There are no specific education requirements for credit insurance agents. However, insurance companies that appoint credit insurance agents to represent them must certify that the agents are trustworthy and competent.

What do insurance companies look for in background checks?

Driving Records, Credit Reports, and Criminal Histories Auto insurance is a risk-based business. Auto insurance companies measure your risk by looking into your background. The three most important places they look are your driving record, your credit report, and your criminal history.

Is it hard to pass the insurance license exam?

As you prepare for this critical step in the insurance licensing process, you may wonder just how difficult it is to pass the state exam. Fortunately, with some preparation, you will be able to demonstrate your knowledge of the insurance career path and pass the exam. Is It Hard to Pass the Insurance License Test?

How many exams do you need to take to get your insurance license?

These exams are generally between 80-160 questions, obviously depending on the state. You will need to take an exam for each line of insurance you wish to attain, which means that in some states you may be required to take as many as four exams total (though most only require two).

Do you have to take classes to get your insurance license?

This is a course that can be taken online or in-person to prepare you to pass your insurance license exam. The length of this course is dependent on your state and the different lines of licensing you are looking to earn. In states that don’t have a pre-licensing requirement, people still generally choose to take a course to study for the exam.

What do you need to know about your insurance license?

Find out what you need to know about your insurance exam. Your state’s content outline is a great resource that provides a detailed outline of everything that is testable on your state’s insurance license exam. If you are comfortable with all of the information, you are ready for the test.