Question: What Happens If You Fail Life Insurance Exam?

Is it hard to sell life insurance?

Selling life insurance is a tough way to make a living and an even more difficult way to sustain a lucrative, long-lasting career.

The difficulties facing new life insurance agents are great in number.

The pay is usually straight commission..

Can you retake life insurance exam?

Yes, you can; however, it is up to the underwriters to approve another medical exam and be willing review the new results for a premium adjustment. In most cases, six months is the required waiting period. … Many life insurance buyers wonder if they can retake their life insurance medical exam to earn a better rate.

How hard is it to pass the insurance exam?

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 is the hardest insurance exam?

Which insurance test is the toughest? Each insurance licensing exam presents its own challenge. Between Life and Health, students say that the Health insurance exam is the more difficult. Health insurance policies are simply more complicated than life insurance policies.

How do I pass a life insurance health exam?

How to prepare for a life insurance medical examEat healthy. During the life insurance physical, the examiner will take a blood sample for testing and he or she will check your blood pressure and pulse. … Drink water. … Consider fasting. … Skip the gym. … Get a good night’s sleep. … Wear lightweight clothing.

How long is the life insurance exam?

The examination has 150 questions, and must be completed in two and a half hours. Examinations are completed on a personal computer, and the results are immediately given to the candidate upon completion of the test.

How much do life and health insurance agents make?

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. The lowest paid 10% of insurance agents earned less than $26,120 annually.

What disqualifies you from getting an insurance license?

What Felonies Disqualify You? Those who have committed certain felonies are permanently barred from applying for an insurance license. … An individual who has been convicted of a crime involving dishonesty or breach of trust is prohibited from engaging in the insurance business.

How long does it take to get your life insurance license?

The Department typically requires 4 weeks to process and approve your insurance license, once they have received the required documentation.

What happens if you fail insurance exam?

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.

What do life insurance exams look for?

They’re looking for conditions that may indicate heart disease, diabetes, and even certain types of cancers. To test for these issues, a typical life insurance medical exam may include a blood and urine sample, your height and weight, blood pressure, and pulse rate.

Is the state insurance exam hard?

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.