The minimum age to apply for a life insurance license in most states is 18 years, as applicants must be legal adults to enter into contracts.
Most states require applicants to pass a licensing exam to ensure they understand the laws and principles of life insurance.
Life insurance licenses usually need to be renewed every two years, but this may vary by state.
Continuing education ensures that licensed individuals remain knowledgeable about updates in laws, regulations, and industry practices.
State insurance departments are responsible for regulating and overseeing the licensing process for life insurance agents.
Operating without a valid license can result in significant penalties, including fines and suspension from practicing in the industry.
