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Get Licensed

Becoming a Licensed Insurance Agent

Steps to Obtain an Insurance License

  1. Choose Your Insurance Line of Authority

    • Decide which types of insurance policies you want to sell (e.g., Life, Health, Annuities).
    • Your choice will determine the type of license you need.

  2. Complete Pre-Licensing Education

    • Enroll in a pre-licensing course from a reputable provider.
    • Top Companies for Pre-Licensing Courses:
      • Kaplan Financial: Known for comprehensive study packages and high pass rates.
      • ExamFX: Offers customizable courses and a money-back guarantee.
      • A.D. Banker: Provides a mix of self-paced and instructor-guided learning.
      • WebCE: Features digital flashcards and add-ons to enhance job prospects.
      • XCEL Solutions: Use discount code WIN to get the course for $30.

  3. Pass the State Insurance Licensing Exam

    • Register for the exam through your state’s insurance department or a testing provider like Pearson VUE.
    • Study thoroughly using the materials provided in your pre-licensing course.

  4. Complete a Fingerprint and Background Check

    • Schedule an appointment with IdentoGO for fingerprinting—or your state’s appointed fingerprinting company. Check here.

  5. Submit Your Insurance License Application

    • Apply online through your state’s insurance department website.

Go here to find your state’s department website and apply. Furthermore, check out the additional resources here and use it as your guide for any questions or information you may need—such as how to report change of address.

For Additional Help Passing the Exam, Consider:

Insurance Exam Queen

She is a professional who was hired by ExamFX.

She offers courses that break down complex material into understandable segments, ensuring you grasp the concepts rather than just cramming.

  • Her courses include:
    • GOLD Royal Treatment Courses: Comprehensive packages with quizzes and exams.
    • Live Classes: Interactive sessions to clarify doubts and reinforce learning.
  • Visit her website for more details: Insurance Exam Queen.

 

Commission and Residual Income for Medicare Independent Agents

  • Initial Commissions: Agents typically receive an initial payment in the first year of the policy.
  • Renewal Commissions: Agents earn half as much for years two and beyond if the member remains enrolled.
  • Residual Income: Selling Medicare can help build a six-figure residual income in as little as 3-4 years.
StateInitial CommissionRenewal Commission
National$626 per member/year$313 per member/year
CA, NJ$780 per member/year$390 per member/year
CT, PA, DC$705 per member/year$353 per member/year
PR, USVI$428 per member/year$214 per member/year

(Note: Small Medicare Companies will typically expect you to get 10 sales per week with their leads. Typically, how this works is that you get paid an hourly, smaller commissions and sometimes bonuses. Additionally, they keep your book of business. Go out on a limb and become an Independent Agent and make those high commissions listed above.)

Click here to learn the steps to become an Independent Medicare Agent

 

Learn More About Why Medicare is a Rewarding Career

Make a career choice that will significantly impact people’s lives and improve their quality of life.

Click here to learn more.