November 4, 2021

How to Get a Life Insurance License in West Virginia

Written by: Kevelyn Rodriguez

    Getting your West Virginia life insurance license is the first step toward becoming a life insurance agent. If you want to market and sell life insurance policies, follow this step-by-step guide for obtaining life insurance licensing in West Virginia.

    The West Virginia Offices of the Insurance Commissioner requires you to complete a five-step process to obtain your life insurance license — 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 West Virginia Life Insurance License – Quick Version

    1. Complete a West Virginia Insurance Prelicense Course (ExamFX – $189+)
    2. Take the West Virginia Life Insurance Licensing Exam (Pearson VUE – $86)
    3. Get a Fingerprint-Based Background Check (IdentoGO – $45.75)
    4. Complete a West Virginia Life Insurance License Application (National Insurance Producer Registry (NIPR) – $55 application fee)
    5. Watch for Your Application Results

     

    Steps To Get a West Virginia Life Insurance License

    Obtaining your West Virginia life insurance license isn’t difficult. Just follow these five steps to start your journey toward becoming a life insurance agent. Once you earn this license, check out our guide on how to get your West Virginia property and casualty (P&C) license as well.

     

     

    Step 1: Complete a West Virginia Insurance Prelicense Course

    Before you take the West Virginia 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 a pre-license education course will equip you with the necessary information and tools you’ll need to prepare for your exam.

    In West Virginia, you must take a 20-hour, pre-license course on life insurance. After completing the course, you’ll need to present a valid photo ID and an original certificate of completion from the approved prelicensing education provider when you arrive to take your exam. Your pre-license course certificate will remain valid for 12 months.

    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.” Prelicense 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 Course

    For West Virginia insurance pre-license education courses and exam prep, StateRequirement recommends: ExamFX


    For 10% off, use code examfx@staterequirement.com at checkout! Visit ExamFX

     

    Step 2: Take the West Virginia Life Insurance Licensing Exam

    After you complete a prep course and your own independent studying, it’s time to take the West Virginia life insurance exam.

    West Virginia uses Pearson VUE as its official testing service for delivering licensure exams.

    The West Virginia life insurance exam outline contains a total of 78 scored questions that 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 West Virginia.

    You’ll have 120 minutes to complete the examThe West Virginia life insurance exam fee is $86, 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 West Virginia life insurance exam, you can schedule a time to retake it as soon as 24 hours after your first attempt. There’s no limit to the number of attempts you can make on the same exam.

    Tip:

    Check out our in-depth insurance exam guide for tips to help you pass on the first attempt.

     

    Step 3: Get a Fingerprint-Based Background Check

    After you take the West Virginia life insurance exam, you must get a fingerprint-based background check from IdentoGOThe fee for fingerprinting services is $45.75 to cover the cost of comparing your prints against criminal history records. 

    To set up a fingerprinting appointment, go to the IdentoGO website or call 855-766-7746. Use service code 228NS5 when making your appointment.

    At your fingerprinting appointment, you’ll receive a receipt that contains a 12-digit transaction control number (TCN) number specific to your fingerprinting session. Don’t throw it away! Keep the original receipt for your records. You’ll also need to submit your TCN number with your life insurance license application. 

    Your fingerprints only remain valid for 30 days so you’ll need to follow the next steps quickly.

     

    Step 4: Complete a West Virginia Life Insurance License Application

    Once you pass the life insurance exam and complete the background check, you can apply for your West Virginia life insurance license. The application fee is $55, and you must apply online via the NIPR.

    The West Virginia Offices of the Insurance Commissioner 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 West Virginia, make sure you comply with the insurance licensing requirements as defined under the West Virginia Insurance Code and the West Virginia Administrative Code.

    Send any questions or supporting documents to OICAgentLicensing@wv.gov.

     

    Step 5: Watch for Your Application Results

    After you complete the previous four steps, the West Virginia Offices of the Insurance Commissioner will review your application and background check. It reviews applications in the order it receives them, and this process usually takes seven to 10 business days from the date you submit your application.

    Once the West Virginia Offices of the Insurance Commissioner finishes reviewing your application, it’ll email you with its decision or ask you to provide more information.

    You can print your license from the National Association of Insurance Commissioners (NAIC) State Based Systems (SBS) License Manager page. There’s no charge to print a license. If you don’t remember your license number, you can find it by using the NAIC SBS Lookup Search tool.

     

    Congratulations!

    You’re now ready to get started as a life insurance agent in West Virginia




    Next Steps After Securing Your West Virginia Life Insurance License

    Once you complete the above steps and have your West Virginia life insurance license, here’s what you should pursue next.

    Get Your FINRA Securities Licenses

    Overview

    Individuals planning to market and sell market-based life insurance products also must obtain the proper securities licenses. As a securities license holder, you can offer securities as part of your services. That’ll make you a credible authority in addressing all of your clients’ financial needs.

    To learn more, check out our Securities Licensing guide.

     

     

    SIE Exam

    To obtain these licenses, you’ll first need to take and pass the Securities Industry Essentials (SIE) exam. Professionals in the securities industry are required to take the SIE and a series of examinations administered by the Financial Industry Regulatory Authority (FINRA)

    The SIE exam ensures every life insurance professional has a basic understanding of securities. While taking the SIE exam isn’t a requirement for all insurance professionals, those who don’t obtain at least one securities license limit their ability to work with clients. With a securities license, you can give your clients the option to invest in securities-related products as part of their life insurance plans.

    Tip:

    To help you start preparing for the SIE exam, check out our full guide on How to Pass the SIE Exam.

    Obtaining a license to sell securities also requires sponsorship from a firm, company, or organization regulated by FINRA. The sponsor will pay the testing fees required for your SIE exams and submit your personal information to FINRA’s Central Registration Depository (CRD). The Series 6 and Series 7 licenses require a FINRA exam sponsorship before you can take the exam. The exam for a Series 63 license doesn’t require any sponsoring entity. 

    Once you get your securities license(s), FINRA will list you as a “registered representative.” By achieving the securities licensee designation, you’ll become a highly sought-after professional and set yourself up for a successful career in the insurance industry.

     

     

    Series 6, 7, and 63 Licenses

    Some of the most common securities licenses for insurance agents include the Series 6, 7, and 63 licenses because they allow licensees to sell almost every type of individual security.

    The Series 6 (Investment Company and Variable Contracts Products Representative) Securities License is the primary license sought by insurance sales professionals and financial advisors, allowing them to sell grouped securities related to insurance products. 

    Series 6 works together with Series 63 because they are the two partner licenses required to sell insurance policies tied to investments. The North American Securities Administrators Association (NASAA) oversees regulation of the Series 63 (Uniform Securities Agent State Law) license.

    The Series 7 license allows you to buy and sell securities (e.g., stocks, bonds, and mutual funds) as part of an investment plan for your clients. To get a Series 7 license, you will first need to register as a new candidate with FINRA and pass the Series 7 exam. The Series 7 exam is commonly known as the General Securities Representative Qualification Exam, but is sometimes referred to as the “Series 7 Top-Off Exam.”

     

     

    Get a Job in the Insurance Field

    Once you earn your license, you can start applying for jobs in the insurance field. With a life insurance license, you can provide advice and recommend insurance products to clients, sell life insurance policies that pay a beneficiary upon an insured person’s death, and sell annuities that pay a set income at retirement.

    Find life insurance job postings on our Insurance Jobs Board.

    When applying for an insurance-related job, potential employers will request your license number and National Producer Number (NPN).

     

    Complete Continuing Education and Renew Your License

    In West Virginia, you must complete 24 hours of continuing education (CE) every two years to maintain your license in good standing. Three of those hours must focus on ethics. To find these courses, visit the Sircon website and click on the “Approved Courses Inquiry” option. 

    If you have a non-resident license with good standing in your home state, you don’t need to take CE courses in West Virginia. To find out if you need to take West Virginia courses, visit the Sircon website and click on the “Continuing Education Transcript Inquiry” option.

    You can’t renew your license until you complete your CE hours and pay any outstanding fines.

    In West Virginia, you also must renew and manage your life insurance license every two years. 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 your successful completion of the coursework to the West Virginia Offices of the Insurance Commissioner. The renewal fee is $50 and the late fee is $50.

    Learn how to renew your license with our West Virginia insurance license renewal guide.




    West Virginia Offices of the Insurance Commissioner Contact Information 

    Mailing Address:

    West Virginia Offices of the Insurance Commissioner
    West Virginia Lottery Building
    900 Pennsylvania Avenue
    Charleston, WV 25302

    Phone: 304-558-0610

    Email: OICAgentLicensing@wv.gov

    Website: http://www.wvinsurance.gov/

    License Search: West Virginia Insurance License Lookup




    West Virginia Life Insurance License FAQ

    How much does it cost to get a life insurance license in West Virginia?

    Obtaining a life insurance license in West Virginia requires these fees: 

    • Insurance Prelicense Education Course Fee: $189+ via ExamFX
    • Exam Fee: $86 via Pearson VUE 
    • Fingerprint-Based Background Check Fee: $45.75 via IdentoGO
    • Application Fee: $55 via the NIPR

     

     

    How long does it take to process a life insurance license application in West Virginia?

    This process typically takes 7 to 10 business days. You’ll receive an email once the West Virginia Office of the Insurance Commissioner reviews your application.

     

     

    Can I get a temporary life insurance agent license in West Virginia?

    No. West Virginia doesn’t provide a temporary life insurance license.

     

     

    Can I get an emergency life insurance agent license in West Virginia? 

    No. An emergency license isn’t available for life insurance agents in West Virginia.

     

     

    Do I need to get my securities license on top of a life insurance license in West Virginia?

    Probably. While you can sell certain basic life insurance products with just a life insurance license, a securities license removes the limits on what you can sell and puts you in a much better career position. As a securities license holder, you can provide your clients with products tied to the securities market as part of their retirement and life insurance plans. But, you’ll need FINRA accreditation to obtain your securities license.

     

     

    What can I sell with a life insurance license in West Virginia?

    With a West Virginia life insurance license, you can sell life insurance policies that pay a designated beneficiary when the insured person dies. You also can sell annuities that pay a set income at retirement.

     

     

    How much can you make with a life insurance license in West Virginia? 

    According to ZipRecruiter, life insurance agents earn an average of $79,730 per year.

     

     

    What are the limitations of a West Virginia life insurance license?

    Unless you have multiple licenses to sell various types of insurance products (e.g., the combined life and health insurance license), having a West Virginia life insurance license only qualifies you to sell life insurance policies as well as retirement plans and annuities. You can’t sell other types of insurance. A securities license on top of your life insurance license removes that limitation and enables you to offer securities, including stocks and bonds.

     

     

    Can I cancel my life insurance license in West Virginia?

    Yes. You may surrender your license by completing the Agent/Agency License Surrender Form and then emailing it to OICAgentLicensing@wv.gov or faxing it to 304-558-4966.

     

     

    How hard is it to get a life insurance license in West Virginia?

    The process is quite simple! Follow the steps above and get started today!




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    Information on this page has been gathered by a multitude of sources and was most recently updated in October 2021.

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