How to Become a Licensed Insurance Agent
Becoming a licensed insurance agent, or “producer,” could very well be the best decision you’ve ever made. You get to be your own boss, travel, meet interesting people, enjoy strong job security and make excellent commissions—all while helping clients protect their estate and retirement money.
Many professionals agree that being a producer is a rewarding career path. According to the Bureau of Labor Statistics, there are currently over 400,000 insurance agents, and with an above-average 22% rate of growth, the industry is expecting to see the addition of many more insurance professionals.
To sell life insurance and annuities, you must first obtain a state-issued license. The first step toward this goal is to study for your state’s exam. Some states allow you to do this on your own, whereas others require classroom training. To see if you need in-class education or not, refer to your state’s Department of Insurance.
Once you have your resident state license, you can go on to obtain non-resident licenses in the other 49 states (and contract with us, WealthMark Advisors, of course).
For more information, visit the National Insurance Producer Registry website.
If you prefer to study on your own, here are just a few textbooks to choose from:
- Life and Health Insurance License Exam Cram (Bisys Educational Services): covers insurance concepts, rate calculations, state and federal regulations and more; includes a CD with an insurance test engine
- PASSTRAK Life and Health Insurance License Exam Manual, 5th Edition (Dearborn): offers a comprehensive introduction to the insurance industry; covers life insurance policies, group life, annuities, retirement plans, Medicare and more; includes a final exam
- Life and Health Insurance Agent Licensing Practice Exam (Susan Wright): provides questions that can be found on any state’s licensing exam
- Insurance for Dummies (Jack Hungelmann): explains the basics of the insurance industry in easy-to-understand terms