How do I pass my California insurance exam? License applicants may schedule their exams through PSI Online Exams or by calling PSI Services at (877) 392-6422.

Is the California insurance license test 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.

Is it hard to pass the insurance exam? Pass Rates and Recommended Study Time

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 score do you need to pass the California insurance exam? The passing score required on each exam is 60%. When you complete the exam, you will receive a score report marked “pass or fail”.

How do I pass my California insurance exam? – Related Questions

Which insurance exam is the hardest?

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.

How many times can you take the life insurance exam?

You can take the exam three times in one year.

Do insurance agents make good money?

The US Bureau of Labor Statistics reports that an insurance agent made $50,940 per year on average in 2019. The lowest 10% in the industry earned more like $28,000, and the highest 10% earned over $125,000. The way you earn your income differs depending on which company you work for and what kind of insurance you sell.

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.

What happens if you fail life insurance exam?

Failed Examination

Per Section 1681.5(b) of the California Insurance Code, willfully cheating or subverting a license examination is punishable by a fine not to exceed $10,000 or imprisonment not to exceed one year.

How many times can I take the California insurance exam?

In California, a candidate that fails any insurance licensing examination ten times within the previous 12 month period is barred from taking the same exam for a period of 12 months.

How long does it take to get your insurance license in California?

The Department typically requires 4 weeks to process and approve your insurance license, once they have received the required documentation. Upon approval, you will receive an email that includes a link to the Department’s website that will allow you to view and print your insurance license.

How much does an insurance agent 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.

How much does it cost to become a licensed insurance agent?

Prices for the exam vary by state but typically run between $40-$150. Once the test is completed the next step is to apply for your insurance license. Each state has its own license application process. Generally, there is an application fee ranging from $30-$200 and a background check that could run around $30.

Why do insurance agents quit?

26.2% voted a lack of money for leads as their primary reason why they quit. Less important reasons agents quit selling insurance include running out of prospects, personal issues like health problems, and discovering the business wasn’t a right fit.

Is the life insurance exam multiple choice?

All of the insurance exam questions are multiple choice. There are no fill-ins (no need to memorize) and no essay (no need to be ready to explain anything) questions. A multiple choice test will usually test heavily on definitions (terminology) and numbers (dollar amounts and number of days).

Are insurance agents in demand?

Employment of insurance sales agents is projected to grow 7 percent from 2020 to 2030, about as fast as the average for all occupations. About 50,400 openings for insurance sales agents are projected each year, on average, over the decade.

Which insurance company pays highest commissions?

For example, products such as variable universal life insurance, variable insurance, and universal life insurance tend to have the highest profit margins for the life insurance company and therefore pay out the highest commission rates to agents.

What percentage of people pass the insurance exam?

Of the states that do provide that data, the overall pass rate for all insurance exams is 60%. The best way to be part of this majority is to take a study course and prepare. Data is collected by the National Association of Insurance Commissioners (NAIC) on seven different types of exams.

How many people pass the insurance test?

Life and Health Insurance Exam Pass Rate

ExamFX’s overall insurance exam pass rate is 93%.

How much can you make selling life insurance?

An agent selling one or two policies per week at this commission level could make $50,000 to $100,000 in their first year as an agent.

Does life insurance test for STDS?

Blood and urine tests during a life insurance medical test screen for dozens of health indicators and conditions, such as: HIV and AIDS. Sexually transmitted diseases. Cholesterol, including LDL and HDL, and triglycerides (poor levels correlated with heart disease)

What should I expect from a life insurance exam?

During the exam, your height, weight, pulse and blood pressure will be recorded. You likely will have to provide a urine sample and have blood drawn to test for health issues such as elevated cholesterol or blood sugar levels, and to screen for nicotine and drug use.

How many hours of pre licensing education is required by the State of CA?

How many hours of education is required to get a CA license? You must complete a total of 135-hours of education in order to qualify to take the state licensing exam.

How long does it take to get a insurance license?

How Long Does It Take to Get Licensed to Sell Insurance? You should plan to spend at least two to eight weeks completing the steps to get your insurance license. The majority of that time is spent completing your pre-licensing education course and studying for your licensing exam.

How do insurance agents make money?

The primary way an insurance broker earns money is commissions and fees based on insurance policies sold. These commissions are typically a percentage based on the amount of annual premium the policy is sold for. An insurance premium is the amount of money an individual or business pays for an insurance policy.