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Classes and Instructors Approved by NY State Dept. of State (NY DOS)

Licensing Programs within our Center for Insurance Careers

Life, Accident & Health Insurance Licensing Course

Introduction

A Life, Accident and Health insurance agent or broker is a licensed professional who helps their clients have peace of mind when it comes to protecting their financial and personal assets. In exchange for a monthly premium, clients are provided a sense of protection against this risk. The three insurance types in this category all deal with the risks associated with health, accidents and longevity. They are all important details in the overall financial planning that clients and their families need to consider in order to make informed and effective decisions. ...More

Life, Accident and Health insurance are critical components for guarding against financial uncertainties and planning for management of estate and retirement.

Life insurance provides protection and/or investment policies that promises to pay a designated beneficiary an agreed upon amount of money upon the death or other serious life event (i.e. terminal sickness) of the insured person. These policies are legally binding contracts between the insurance company and policyholder that detail the limitations/scope of insured events. New York Life, Accident & Health Insurance License

Accident insurance is a little more straightforward and helps clients handle the medical and out-of-pocket expenses that can add up after an accident. Generally these would cover health expenses related to this loss (i.e., emergency treatment, hospital stays, exams, deductibles, etc.), but can vary depending on the policies of the individual insurance company.

Finally, Health insurance provides insurance against incurring medical expenses and supplies with “coverage that provides for the payments of benefits as a result of sickness or injury. Includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment.” In New York, Health Insurance Agents must be certified to sell the Affordable Care Act (ACA), otherwise known as “Obamacare.”
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The Job

Life, Accident, and Health licensed agents advise their clients on the lines of life, variable annuities, accident & health and travel accident policies available that best suit their needs. These agents deal with some pretty serious and complex topics that many clients are reluctant to discuss or plan for: but these are important conversations. A solid and reputable agent will provide clear guidance and minimize confusion for their clients so these difficult insurance products are not overwhelming or scary. Instead, these agents are able to impart the relevance and value of understanding and owning these types of insurance as part of the client’s overall financial health and planning. ...More

Requirements

To become a licensed New York Life, Accident and Health agent, you must complete the 40-hour pre-licensing education requirement (or 20 hours for only Life, OR 20 hours for only Accident and Health). Then, you must pass the licensing exam based on the pre-licensing education lessons regarding principles, practices, statutes, and regulations relating to the insurance profession and services you will be representing to the public.

Once both of these steps are successfully completed, you must submit a completed license application with the New York State Department of Financial Services within two years of passing your exam. You must also pay all required fees for application and testing. The Department will review your application packet, verify your documents, complete a background check, then issue your license. Keep in mind you must be free of felony convictions and current with any child support payments.

Remember, health insurance agents must also complete additional certification to be able to sell Obamacare. For more information, see our Certification Courses page.
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Opportunity

Although the economy can be unpredictable, there will always be a need for the financial – and to some extent emotional – protection that solid insurance planning can provide against future risk of damages, catastrophes, accidents or health problems. A reputable and effective insurance agent who possesses excellent communication and customer service skills will always be in demand, and can be a lucrative career with great work-life balance.

According to the Bureau of Labor Statistics, “Employment of insurance sales agents is projected to grow 10 percent from 2012 to 2022” and may increase demand for agents who sell health and long-term care insurance.” The BLS explains the increase in demand to be due to an aging population and changes in federal regulation. 1
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Projected Salary: Average Salary of Licensed NYC Life Accident Health Agent: $129,000 2

Get started now. You can enroll for the Life, Accident and Health insurance agent or broker program by registering online below, or calling us at 1-800-547-6020.

Life, Accident & Health Basic
  • 40-hour accredited course
  • Textbook included
  • Practice Exams
  • Job Placement Assistance
  • Expert Training by Industry Professionals
$325 Value
$299
Register for Salesperson Basic the Course
Life, Accident & Health Plus
  • 40-hour accredited course
  • Textbook included
  • Practice Exams
  • Job Placement Assistance
  • Expert Training by Industry Professionals
  • 1 Hour Coaching Session
$425 Value
$399
Register for the Salesperson Plus Course
Life, Accident & Health Elite
  • 40-hour accredited course
  • Textbook included
  • Practice Exams
  • Job Placement Assistance
  • Expert Training by Industry Professionals
  • 2 Hour Coaching Session
  • Quarterly Career Assessment Review
$525 Value
$499
Register for the Salesperson Plus Course
REFERENCES

1 - Source: Bureau of Labor Statistics (06/2014)
2 - Source: Indeed.com (06/2014)