How do I get a life and health insurance license in Illinois?

How do I get a life and health insurance license in Illinois?

How to Get Your Illinois Insurance License

  1. Complete an Insurance Prelicensing Course.
  2. Pass Your Illinois Licensing Exam.
  3. Apply for Illinois Insurance License.
  4. Plan to Complete Required Insurance Continuing Education (CE) Credits.

How many questions are on the Illinois life and health insurance exam?

Part 1 has 50 questions covering types of policies (23 questions); policy provisions, riders and options (12 questions); insurance terms and other insurance concepts( 15 questions) plus 10 additional questions that are not scored.

How much does it cost to get a life insurance license in Illinois?

To apply, go to the National Insurance Producer Registry (NIPR) website. The cost of the license for an Illinois resident is $90 for two years. More information is available at

How do I pass an Illinois life insurance exam?

Complete all Study by Topic reading chapters and Study by Topic quizzes. Study by Topic quizzes must be passed with a score of 70% or better. Attend the required 7.5 hours per line classroom education portion of the course. Complete and pass the simulated exam with a score of 70% or better.

How hard is the Illinois insurance exam?

Insurance license tests are intentionally difficult, but not impossible by any means. You should study to the point of comfortability with the information before you attempt the test. Failing the exam isn’t the end of the world, but keep in mind that you will need to pay the fee each time you attempt the test.

Is the Illinois Health 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.

How long is the Illinois Health Insurance exam?

135 minutes
Illinois Life And Health Insurance Exam Requirements The Accident and Health Insurance examination is 107 questions and 135 minutes to complete. A passing score is 70%.

Can I take the Illinois insurance exam online?

Take your Illinois Insurance exam conveniently from home through OnVUE online proctoring. A live proctor will monitor you through the webcam on your workstation to provide a secure exam experience.

What is the hardest insurance exam?

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. The Property insurance exam is easier than the Casualty insurance exam.

Is the Illinois health insurance exam hard?

Is selling life insurance difficult?

Even when pitching to the most-qualified prospect, do not assume you have an easy sell. Life insurance is a very difficult product to sell. Simply getting your prospect to acknowledge and discuss the fact they are going to die is a hard first step.

Can you get rich selling life insurance?

With that said, the top life insurance agents earn over $100,000 per year. Many make a lot more than that! You can expect to earn $2,000-5,000 per month starting out. This will depend on the products you sell, the commissions, and how hard you are willing to work.

What insurance license pays the most?

Overview of the Insurance Field While there are many kinds of insurance (ranging from auto insurance to health insurance), the most lucrative career in the insurance field is for those selling life insurance.

How hard is it to pass a life 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.

How many people pass Sie exam?

After enrolling, FINRA provides candidates with 120 days to schedule and take the exam. The SIE Exam’s current pass rate is 74% for first-timers and 82% overall. These numbers are largely unchanged from the pass rates that FINRA previously released in January 2019.

Can you become a millionaire selling life insurance?

Is It Possible To Become A Millionaire Selling Insurance? A big yes. But like any other job, it takes time to be good at what you do and attain such income levels. Top agents earn anywhere between $100,000 to one million dollars.

How to become a life and health insurance agent in Illinois?

Illinois Life and Health Insurance Agent Exam. Need of a License: An individual who is acting as an agent or producer needs a license to sell life and health insurance in Illinois. Who Grants a License: Licenses are granted by the Illinois Department of Insurance. Complete all required education. Be at least eighteen (18) years of age.

What happens after I get my insurance license in Illinois?

Once you’ve passed your exams and completed the licensing application, you are now a licensed insurance agent in Illinois. A common question we hear is, “I have my insurance license, now what?”

What is a life and health insurance license?

The Life and Health Insurance License is one of the two basic insurance licenses (along with the Property and Casualty License ). This guide will answer your questions about what is a life and health insurance license, what products you can sell, other licenses you may need, and much more. What Is A Life And Health License?

Do I need a P&C or L&H license in Illinois?

Most insurance agents and producers choose to get both P&C and L&H licenses, but if you plan on specializing in only one category then you don’t need every license. Insurance adjusters require a separate license. You can find more information on becoming an insurance adjuster here: Illinois Insurance Adjuster License