My friend lives in California and wants to look into becoming an insurance agent but, doesn’t know where to start since there are so many different sorts of insurances, etc. I knew someone here would know.
it depends basically upon which company it is. i. if for a big name company with cheap prices it will be hard to get on. probably a degree and background of which the company approves. if one wants to lone it, go to the insurance commission and find qualifications for license. give me more info and i can help a bit more. does he have a company in mind? life, health, property and casualty? any…all of these?
Umm… Don’t buy homes in California! It’s not even in America! :rolleyes:
I am reasonably sure that you need a license or some sort to be an agent. I’m interested in how to obtain the license rather than what company to apply to. Thanks for your help though. I do appreciate it.
He doesn’t have a company in mind but, knows not all agents are licnesed to sell the same types of insurance another agent is.
In California there are different types of licences to sell different types of insurance. off the top of my head
Life and disability agent allows an individual to sell life and disabiltity insurance
fire and casualty agent allows and individaul to sell various types of property and casualty insurance and disability insurance. (yep disability insurance can be sold by either type of licence)
Variable annunity This licence along with a registration from the National Association of Securities Dealers allows an individual to sell stock market type products for retirement.
There are probably a couple of others that I don’t recall. These are the ones that I held when I was in the business. (20+ years ago)
As far as getting these licenses go, there are several ways to go about it. Many companies (particulary life insurance companies) offer training programs covering both test prep as well as product knowledge. There are also prep schools that you can enrol in for test prep. You can also go it alone. When I took my F and C exam, the pass rate was about 47%
If you wish a more in depth reply feel free to drop me an e-mail with your questions.
This site answers some of your questions.
This is factually incorrect. In the future, do try to make an effort, hmmm?