NLIC.org

Enrique Said:

how to verify a business license - life insurance?

We Answered:

Sounds very fishy. If you have his license number you might be able to look it up through sircon - http://www.sircon.com Depends on the state. I would check out InsureMyLife.org All the agents on there are licensed.

Luis Said:

Can you become licensed to broker stocks/mutual funds independently?

We Answered:

In order to sell mutual funds and/or stocks, you need licenses from the NASD. If you want to be able to sell anything - i.e. stocks, managed accounts, wrap accounts, etc. - you'll need your Series 66 and Series 7 licenses. You can go to Kaplan Financial's website to find classes and testing times in your area. The tests and classes can be very expensive though. When I took my Series 66, I studied for about a month and for the Series 7, I studied for about three months.

You do need to have a broker/dealer, however most of them will have an "open architecture" policy that allows you to sell a variety of products. In that manner, It's not like many firms in the insurance industry. Also, many B/D's will pay for at least a part of the testing process.

Even if you want to be an "independent financial planner" as the person above said, you will still need the proper licensing. If you have other questions, feel free to e-mail me. Good luck!

Joshua Said:

Becoming an Insurance Broker in Illinois?

We Answered:

Do you have a business plan I could take a look at?

Frank Said:

How much money should a licensed CSR make?

We Answered:

Obviously, it depends on your location, but here in Houston, with 18 licensed months under your belt, working on personal lines, I'd expect you to be making $18 - $23K a year; a bit less if you've only done auto work.