3 Steps to Getting Your Insurance License Enroll in a pre- licensing insurance course to help prepare you for the licensing exam. Register for your Utah exam. Pass your exam and apply for your license .
Though it may seem somewhat overwhelming at first, preparing for and taking the state health and life insurance exam is NOT that difficult . In fact, most agents who take the exam admit that it was easier than they imagined.
The most recent government data regarding the average income of American insurance agents was compiled in 2012. According to that data from the Bureau of Labor Statistics: The median annual wage for insurance agents was $48,150. The highest paid 10% of insurance agents earned more than $116,940 annually.
4 Steps To Get Your Utah Sales Agent License Complete 120 hours of approved Pre- Licensing education . Successfully complete 120 clock-hours of approved Pre- Licensing sales agent education . Pass the course final exam . Pass the Utah real estate sales agent exam . Complete application.
If I fail the life insurance exam , what is the wait time before I can retake it? You will find out if you passed or failed the exam at the testing center. However, you cannot register to take it again at that time. Instead, you must wait 24 hours before you can register again.
An applicant who has 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 is permanently barred from applying for a license .
How much does an Insurance Agent make in Australia?
|Insurance Agent in Sydney NSW 10 salaries||$62,344 per year|
|Insurance Agent in Melbourne VIC 11 salaries||$84,114 per year|
|Insurance Agent in Surry Hills NSW 8 salaries||$57,257 per year|
|Insurance Agent in North Sydney NSW 7 salaries||$58,289 per year|
It starts at 7%, then with some factors most of which is financial services sales they can get up to around 10%. They pay all the bills and get almost half of what independent agents get. The biggest perk is when agents retire they give some premium to the new agents and give the rest to the senior agents in the area.
I did not find the exam difficult – it did not require vigorous application of knowledge or logic, but mostly knowing what the terms mean, definitions and such. It is an easier exam than most university level exams , and yes, totally doable in 2 weeks.
How to Pass the Property and Casualty Exam Start Studying Early/Set a Study Calendar. The average insurance exam -taker should expect to spend about 35 to 40 hours studying to pass the Property and Casualty exam . Focus on the State Exam Outline. Remove Distractions. Utilize Practice Exams . Take an Exam Prep Course.
Most insurance agents fail because they had unrealistic expectations and expected too much too soon. This typically results when the business isn’t sufficiently capitalized to allow for the time it takes to show a profit. Unrealistic expectations are always a result of poor planning.
The Department typically requires 4 weeks to process and approve your insurance license , once they have received the required documentation.