Is it hard to pass the life 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.
How many questions are on the NY life insurance exam?
Examinations: Time Limit and Number of Questions
|Examination Type||Time Allowed||Number of Questions|
|Life, Accident and Health Agent||3 hours||150|
|Life-Only Agent||1.5 hours||75|
|Accident and Health Agent||1.5 hours||75|
|Life & Disability Analyst||3.5 hours||125|
How difficult is the insurance licensing 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.
How many people pass the life insurance exam the first time?
The pass rates for the various exams are: Life Insurance: 62.9% Health Insurance: 60.4% Life & Health Insurance: 64.8%
Why do insurance agents quit?
The number one secondary reason agents quit selling insurance was that they ran out of money. The second most common secondary reason agents failed selling insurance was that they ran out of prospects to sell to. The third reason was the agency wasn’t a good fit. And the fourth was personal issues.
How can I pass my life insurance exam?
How to Pass the Life Insurance Exam
- Step 1: Learn Your State’s Requirements and Get the Exam Outline. …
- Step 2: Schedule Your Exam. …
- Step 3: Have a Study Plan to Pass the Life Insurance Exam. …
- Step 4: Follow the State Exam Outline. …
- Step 5: Prepare and Practice. …
- Step 6: Know the Exam Center Process.
How do I study for an insurance exam?
10 Tips to Help you Study for Your Insurance Exams
- Relax – It’s a big deal, I know. …
- Figure out how you study best. …
- Create a plan for exam prep at least a month before. …
- Complete all your test prep materials. …
- Apply the 50-10 rule when studying. …
- Take your time. …
- Know when to stop. …
- Get a good night’s rest.
Is the life insurance exam multiple choice?
The questions on the Life and Health Insurance exam will be in three different multiple-choice formats: direct question, incomplete sentence, and “all of the following except.” Each question will have four possible answers from which the candidate must choose.
Is the Series 7 Hard?
Is the Series 7 Exam Difficult? Clocking in at 125 questions to be answered in three hours and 45 minutes, the Series 7 exam is considered the most difficult of all the securities licensing exams. The minimum passing score is 72, which may not seem that difficult.
How much does an insurance agent make?
According to the U.S. Bureau of Labor Statistics, an insurance agent makes an average of $50,600 per year as of 2018. The position’s pay can vary drastically, with the lowest 10% earning less than $27,500, and the highest 10% earning more than $125,610.