Everything You Need to Know About Life and Health Insurance Prelicensing in Georgia
If you’re interested in becoming an insurance agent in the state of Georgia, then you need to start your pre-licensing education as soon as possible. In order to practice this profession, you must take the life and health insurance pre-licensing course, which will give you the information you need to understand how insurance works and how you can help clients choose the right policies for their needs and budget. This guide will walk you through every step of the process and answer any questions you may have about this exciting profession!
Life insurance is a contract that helps provide financial protection for your family and dependents if you die. It is not an investment product and does not earn interest or dividends. The premiums are paid for by the policyholder, with the insurance company retaining the risk of providing coverage in exchange for those premiums. The Department of Insurance requires that you be licensed before you can sell insurance in the state of Georgia. This license is good for three years, and it covers both life and health insurance. Each year there are licensing requirements for continuing education, as well as fees to renew your license.
One of the many perks of being a licensed agent is that agents may provide their clients with tax advice because they are not bound by confidentiality rules like accountants or other professionals. If your license expires, then you will need to take a pre-licensing course again to get re-licensed before selling insurance. Make sure to read the guidelines for the exam that you will be taking. The guidelines should be easy to find on the website of your state’s insurance department. Take a few practice exams before you sit for the real thing. This will help you work out any kinks in your knowledge of the subject matter and prepare you for answering test questions quickly, which is what they’re looking for on these exams.
Plan to take the exam soon after you start studying so that it doesn’t get pushed to the back burner as life goes on. Read over the study materials provided by your licensing agency or state board at least three times before you take an exam to make sure that you know everything inside and out. Don’t be afraid to ask others who have taken their licensing exams for tips or tricks-they can really only help! Life and health insurance pre-licensing cost is typically a one-time fee that covers both the application and the exam. The cost of life and health insurance pre-licensing in Georgia ranges from $100 to $500.
To pass the exam, you must answer at least 70% of the questions correctly. Answers can be multiple choice, true/false, or fill-in-the-blank. Some questions will have more than one correct answer; for these questions, you must select all correct answers. If you answer incorrectly to any question in the test, your score will be zero for that question, and you will not be able to proceed until answering it correctly.