When I took my tests back in the dark ages I got a 98 on the life and a 96 on the health. The 96 didn't bother me, but the 98 drove me up the wall wondering what one question I missed. However, neither amounted to a hill of beans. Had a friend that made a 70 and 72 (70 was passing)... He received the exact same license I received. Over the years he made considerably more money than I made. In other words don't worry about your scores as long as it is enough to pass.
Agent Licensing test is hard
- Thread starter Cornelius
- Start date
- 5,009
This really isn't the case in reality. Extremely miniscule % of those that sell term life hold securities licenses. On the flip side, those that sell mutual funds may hold a life license, but very few actually write Life apps as it isn't something they enjoy, etc
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- 5,009
Not if it is a $10k FE policy that replaced a $250k term
- 10,811
Incorrect. Selling Mutual Funds requires a Series 63 Securities License.... along with being affiliated with a Broker Dealer. Term requires only an Insurance License and no affiliation with an investment firm of any kind.
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- 10,811
Toobelt. I see the quote on my endYou didn't quote. Who are you responding to?
- 10,811
But we are not comparing investment products (which require a Securities License) and Insurance products. We are comparing insurance products to insurance products. You are bringing oranges into a discussion about apples... and you dont know what license is even required to sell oranges.
My point, is there is a huge difference among insurance licensed products and how advanced that situation is for the agent to navigate. Which is a situation that would likely benefit from various "levels" of insurance licensing. Or at least CE tests that are in person and not online (open book).
But your point is correct, there is some overlap. Which is part of the point Im making. Advanced Insurance Products should require a higher level of testing/learning than being approved to sell a term policy.
Stop trying to argue dude. You are reading past what Im saying in an effort to "be right".
- 30,540
Ok, I can't see the quote, because I've had the Tool on ignore for a long time.
That's not remotely true.
They're different licenses and I promise you that the series 6/7 are completely different animals than a life license with some NAIC add-on is.
- 10,811
Not to mention the process of being affiliated with a B/D vs. contracting to sell term through an insurance IMO. Much higher bar.
- 5,009
Quill pen & an abacus to complete the test?
