Hello guys! Welcome to an advantageous article that would get you ready for a life insurance license!
We guarantee that reading this article all the way to the end will help you understand the licensing course requirements as well as the necessary advice for success in this field.
This comprehensive test assesses your knowledge of life insurance products as well as the rules that regulate them.
This article, on the other hand, offers to address concerns about life insurance license courses, such as:
You must first satisfy your state’s life insurance licensure exam to work in life insurance services.
Before taking the exam, most states mandate you to complete a certain number of training hours, which is where life insurance exam prep courses kick in.
Since there are so many possibilities, we put together this selection of the top life insurance exam prep courses and quizzes that will help you narrow down your choices.
What is a Life insurance License?
You can operate as a life insurance agent if you have a life insurance license.
For the purpose of designations, agents for life insurance and annuities sell policies and interact with clients and beneficiaries to process claims.
These brokers could also be said to be partly in charge of the financial services of their clients.
Best Life Insurance Exam Prep Courses
Securities Training Corporation
Securities Training Corporation offers a pre-licensing course for the state exam.
This training is purely for insurance education purposes for would-be insurance agents attempting to give health insurance licenses and life insurance licenses their first try.
Although the training corporation is well recognized for its FINRA study materials, they also provide a thorough life insurance pre-licensing course.
Even though it does not invent the wheel, the video lectures, study manuals, and flashcards supplied with this course are of exceptional quality.
This is a superb choice if you’re interested in a course with a basic structure that covers the key exam subjects in great detail.
What to Anticipate for the insurance Licensing Exam?
STC’s extensive inventory of educational resources can help you prepare for a career in life insurance in a medley of ways, swinging on how you want to study.
Of course, we urge that you use all of the scopes in their review course, but there’s absolutely nothing inaccurate with clinging to what you know would work most suitably for you.
STCUSA’s On-Demand Training, which consists of pre-recorded video lectures covering each subject, is best for visual learners.
You can utilize the Instructor Hotline to ask your teachers direct questions.
You can also enroll in a Premier Plus plan with live classroom sessions if you prefer to learn through a direct connection.
If you like, you can also download PDFs of the slides from each video lesson, print them at home, and take notes in the margins.
However, if you prefer to prepare with real-world questions, you might wish to start with their interactive final exams.
STC includes a recommended timeline in your study manual and will even give state-specific certification exams where they’re required by legislation in your region, removing a lot of the guesswork from your career preparation.
They also have a fundamental progress tracking page that displays how far you’ve progressed in your studies.
It’s not the most fantastic implementation of this feature, but it’s simple enough for you to interpret the information it gives with minimal confusion.
Prices for STC’s life insurance prep courses vary by state; for example, California courses are more expensive than Alabama ones.
They are divided into three categories, each of which provides six months of access beginning on the day of enrolment.
The study guides, final exams, and any relevant certification tests are included in the basic packages.
Because it contains flashcards and video lectures, the Premier package is recommended.
When available, Premier Plus is an excellent option because it also offers access to live lectures.
Advantages and Disadvantages
Advantage – Curriculum That Is Well-Designed: A interesting primer on life insurance lies at the heart of the STC life insurance test prep course.
It describes how life insurers work, their business methods, and the industry’s overall context.
Advantage – Simple Progress Monitoring: STCUSA’s progress tracking is simple and straightforward.
As a result, you’ll have an easier time comprehending the information provided by this feature at the first attempt, which can be a problem with more intricate adaptive learning platforms.
Advantage – Multiple Options: When perusing STCUSA’s inventory, you aren’t limited to just one option.
They provide courses for state-specific insurance licensure tests, with the option to add extra features and tutoring to your study plan.
Insurance Continuing Education – One Year of Access for $34 – $36
Premier (State Specific) – Six Months of Access for $137 – $152
Standard (State Specific) – Six Months of Access for $77-$79
Online Insurance Flashcards (Subject Specific) – Six Months of Access for $24 – $26
Premier Plus (State Specific) – Six Months of Access for $187 – $202
ExamFX is not only a cost-effective option for life and health insurance test preparation, but it’s also popular among its numerous graduates who have engaged in successful insurance employment and offered a quality certificate of completion.
The course materials include video lectures, flashcards, and practice exams much like our top option.
They do, however, have some attractive supplementary characteristics that can make a significant difference in your exam results.
What to Anticipate
It’s critical to remember one thing before enrolling in this online course. Unlike STCUSA, you only have access for 60 days after signing up.
This is normally enough for first-time students to thoroughly prepare for their education requirements and exams. However, it may be too fast for some students to complete if they have a full-time job or other obligations.
Nonetheless, for the advantage of its students, this course is structured to suit a fast study pace since it offers some exam simulations.
Audio lectures are one of the methods that can help you prepare for your exams in less time.
This allows you to devote more study time to circumstances you may not have been able to before.
This also helps you multitask productively if you have a long commute or frequently work out.
To guarantee that you retain the knowledge presented in these lectures, you’ll need to spend most of your time operating through the other resources.
A Guarantee Exam is another useful tool offered by ExamFX.
This is meant to be completed toward the end of your study program, just before your exam.
This exam is intended to be as close to the actual thing as feasible; it functions similarly to a dress rehearsal.
ExamFX ensures that if you pass this test with flying colors, you’ll have the same level of success on the real exam.
Advantages and Disadvantages
Advantage – Insurance Vocabulary: ExamFX provides a full glossary of insurance terms to students who enroll in their course, among other things.
This is not only a useful reference tool for studying for tests, but it can also help you recall the knowledge you learned long after your exam.
Advantage – Study Plan Builder: ExamFX assists you in creating a personalized study plan from start to end to deliver the finest possible study experience.
This means you’ll be able to learn at your own pace, according to your own schedule!
Disadvantage – Access Period: You only have two months to prepare for your exams with this course before it expires.
This may not be an issue; nevertheless, those who prefer to take their time may prefer our top selection.
Live In-Person Package – 60 Days of Access for $390
Video Study Package – 60 Days of Access for $240
Insurance Continuing Education – One Year of Access for $6 – $40
Self-Study Package – 60 Days of Access for $150
Live Online Package – 60 Days of Access for $370
How to Become an Insurance Adjuster
While most people study insurance agents when they consider a career in the insurance industry, there are many other alternatives.
The insurance claims adjuster industry is one of the “hidden gems” of the insurance industry. Because claims are stable, insurance claims adjusters are in high demand, yet a significant cohort of adjusters is departing from the profession.
A profession as an insurance claims adjuster may suit you if you have a strong work ethic, enjoy working with data and people, and enjoy the variation in your workday.
Stage 1: Finish Your Education
A GED equivalent or high school diploma is the licensing requirement to work as a claims adjuster.
An associate’s or bachelor’s degree is preferred by some employers, although it is not necessary for claims adjuster licensing.
Stage 2: Figure Out the kind of Insurance Adjuster You Want to Be
An insurance claims adjuster can work as an independent adjuster, a staff adjuster, or a public adjuster, among other options.
A staff adjuster is employed full-time by a single insurance adjuster firm.
A multi-firm claim is handled by an independent insurance adjuster.
In contrast, a public insurance adjuster is compensated directly by the insured.
Stage 3: Take and Pass a Life Insurance License Course
To work as an insurance claims adjuster, you may need to complete a course and pass a licensing exam, depending on your state.
Some states have no requirements, while others demand that you take an insurance license course and pass an exam.
If you reside in a state that demands adjusters to be licensed, you should first seek your home state license.
If you must take an exam, a study bundle can assist you.
Stage 4: Keep Your Licensure (Continuing Education)
Continuing education credits are almost certainly required for license renewal in states that require licenses.
Live or online courses can be used to obtain continuing education (CE) credits.
CE can also be achieved from company-sponsored training sessions and writing papers or presenting talks about the insurance claims sector.
Check with your state to see what kind of CE is required and how you might meet those requirements.
Upcoming insurance agents who have specific learning styles and aim at becoming insurance professionals knowing basic insurance law and insurance policies is not enough.
There is a need to also know the appropriate state licensing exam and classroom course to undergo to become seasoned for exams.