Getting yourConnecticut life insurance licenseis the first step towards becoming a life insurance agent in the state.
The Connecticut Insurance Department (CID) requires you to complete a four-step process to become a life insurance agent in Connecticut — from taking the life insurance exam to applying for a license.
These steps will take a few weeks to complete so we recommend you bookmark this page so you can use it as a reference throughout the process.
How to Get Your Connecticut Life Insurance License
- Complete a Connecticut Insurance Pre-license Course (Kaplan Education Company– $149+)
- Take the Connecticut Life Insurance Licensing Exam (Pearson VUE– $65)
- Complete a Connecticut Life Insurance License Application (National Insurance Producer Registry (NIPR)– $140 application fee + $5.60 transaction fee)
- Watch for Your Application Results
Life Insurance License Connecticut
Obtaining your Connecticut life insurance license isn’t difficult. Just follow these four steps to start your journey toward becoming a life insurance agent. Once you earn this license, check out our guide on how to get youras well.
Step 1: Complete a Connecticut Insurance Pre-license Course
Before you take the Connecticut life insurance licensing exam, it’s important to make time to acquire the knowledge you’ll need to pass this exam on your first attempt. Completing apre-license education coursewill equip you with the necessary information and tools you’ll need to prepare for your exam.
Connecticut requires 40 hours of pre-licensing education courses for life insurance. A pre-license education course provides very specific industry knowledge that will be tested during the exam. There is very little information on the test that could be considered “common sense”. Pre-license education courses are self-paced and include study materials like practice exams and flashcards.
Beyond helping you effectively prepare for and pass the life insurance licensing exam on your first try, taking a pre-license education course also will give you a solid understanding of your duties as a life insurance agent.
Recommended
Doing a pre-licensing education course dramatically increases your chance of passing your exam on your first attempt, which can end up saving you both time and money in the long run. For pre-licensing education, StateRequirement recommends:
Step 2: Take the Connecticut Life Insurance Licensing Exam
After you complete a prep course and your own independent studying, it’s time to take the Connecticut life insurance exam.
Connecticut usesPearson VUEas its official testing service for delivering the state licensing exam.
TheConnecticut life insuranceexam outlinecontains a total of 75 scored questionsthat cover two sections: general and state-specific knowledge. The general section deals with basic life insurance product knowledge. The state-specific section covers insurance concepts and terms, rules, regulations, and practices specific to Connecticut.
You’ll have 120 minutes to complete the exam.The Connecticut life insurance exam fee is $65, which you must pay at the time of reservation by credit card, debit card, or voucher. The exam is a proctored test, meaning an official proctor will closely monitor you in a controlled environment.
If you happen to fail the Connecticut life insurance exam, you must wait 24 hours before making a reservation to retake the test.
Tip
Check out our in-depthinsurance exam guidefor tips to help you pass on the first attempt.
The best way to understand if you are prepared for the test is to take aLife Insurance Practice Exam.
Step 3: Complete a Connecticut Life Insurance License Application
Once you pass the life insurance exam, you can apply for your Connecticut life insurance license. The application fee is $140, and the National Insurance Producer Registry (NIPR) will charge a $5.60 transaction fee for a total of $145.60.
The CID will issue a life insurance license to individuals who are at least 18 years old and have passed the proper licensing exam. You should submit your completed license application within 12 months of passing the exam.
To apply for a life insurance license in Connecticut, make sure you comply with the insurance licensing requirements as defined under theConnecticut Administrative Code.
Send any questions or supporting documents to[email protected].
Step 4: Watch for Your Application Results
After you complete the previous three steps, the CID will review your application. It reviews filings in the order it receives them, andthis process usually takes seven to 10 business days from the date you mail your application.
Once your application review is complete, the CID will email you with its decision or ask you to provide more information.
You can print your license from theNIPRwebsite. There’s no charge to create an account or print a license. To search and manage your Connecticut life insurance license, visit theNAIC SBS License Lookuptool.
Congratulations!
You’re now ready to get started as a life insurance agent in Connecticut.
Steps After Securing Your Connecticut Life Insurance License
Once you complete the above steps and have your Connecticut life insurance license, there are a few steps you’ll need to take in order to a) excel as an insurance agent, and b) maintain your life insurance license.
Let’s take a brief look at these below.
Obtain All Relevant Securities Licenses
If you’re planning on selling advanced life insurance products, you’ll likely need to pass the Securities Industry Essentials (SIE) exam and obtain the relevant securities licenses (e.g., Series 6, 7, and 63).
For more information on this step, you can have a look at our in-depth Securities Licensing overview.
Choose a Means of Selling
You’ll have to decide whether you’d prefer working as a captive agent employed by one company, or running your own business as an independent agent.
If you’re just starting out, you’ll likely benefit from working as a captive agent, but this will ultimately depend on your personal aspirations and opportunities.
Develop Your Marketing Approach
To succeed as an insurance agent, you’ll need to adopt a marketing approach that’s effective for you.
We recommend finding and sticking to a niche, as well organizing all client appointments for the start of your week. This is because this can improve your overall client conversions.
Keep Your License Valid
In Connecticut, you must take 24 hours ofcontinuing education(CE) every two years to renew your license and maintain its good standing. Of those 24 hours, three must focus on Connecticut insurance law and ethics.
To avoid delays in renewing your license, you must complete the required CE hours at least 90 days before your license expires. Your CE provider will report the successful completion of those courses to the CID.
The renewal fee is $160 and the late fee is $320.
For a more in-depth look at each one of these steps, check out ourSteps After Getting Your Insurance Licenseguide.
Mailing Address
Connecticut Insurance Department
153 Market Street, 7th Floor
Hartford, CT 06103
Phone:860-297-3800
Email:[email protected]
Website:https://portal.ct.gov/CID
License Search:Connecticut Insurance License Search
Connecticut Life Insurance License FAQ
How much does it cost to get a life insurance license in Connecticut?
To obtain a Colorado life insurance license, you need to pay a few fees. You need to pay for apre-licensing education course($149) and the Connecticut insurance license exam fee ($65) viaPearson VUE, an online testing provider. Additionally, there’s a total fee of $145.6 for the application fee that you need to pay throughNIPR.
How long does it take to process a life insurance license application in Connecticut?
It takes seven to ten business days to process life insurance licenses in Connecticut. After you pass the Connecticut insurance exam and filed your application, you will receive an email from the CID confirming that they issued your insurance license.
Can I get a temporary life insurance agent license in Connecticut?
Yes. Connecticut provides a 180-day, temporary life insurance license. The Connecticut Insurance Department requires you to apply online via theirwebsiteand select the “Producer New” for the insurance producer license application option. You may not apply through the NIPR or submit a paper application.
Do I need to get my securities license on top of a life insurance license in Connecticut?
Depending on the license types you have, you can sell different products as a licensed insurance agent. With a life insurance license, you can only sell basic products, such as term or whole life insurance. However, with a securities license, you can also sell more advanced products, such as stocks or mutual funds.
What can I sell with a life insurance license in Connecticut?
With a Connecticut life insurance license, you can sell various life insurance products. These include term life, whole life, universal life, and variable life insurance policies. Additionally, you may offer riders and related financial planning services that focus on long-term financial security and estate planning.
How much can you make with a life insurance license in Connecticut?
In Connecticut, the average salary for a life insurance agent is approximately $80,194 per year, according to data from ZipRecruiter. This equates to about $38.56 per hour, offering a lucrative opportunity for those in the life insurance field.
What are the limitations of a Connecticut life insurance license?
A Connecticut life insurance license lets you sell life insurance, retirement plans, and annuities. For other insurance products, you need multiple licenses (e.g.,life and health). A securities license lets you sell securities, such as stocks and bonds, in addition to life insurance products. You need FINRA accreditation for that.
How hard is it to get a life insurance license in Connecticut?
Obtaining a life insurance license in Connecticut is moderately challenging. It requires completing a pre-licensing education course, passing the state insurance exam, and fulfilling application procedures. The process demands dedication to studying and understanding insurance concepts, but with focused effort, you can successfully acquire the license.
