What is required for an agent to sell life insurance in Virginia?

In Virginia, an individual must complete an insurance course and pass a state exam to be licensed as a life insurance agent. This requirement ensures that agents possess the necessary knowledge and understanding of life insurance products, state laws, and regulations, which is vital for effectively advising clients on their insurance needs. The completion of a structured course provides foundational knowledge, while passing the exam demonstrates competency and readiness to enter the field.

Obtaining a general business license is not sufficient by itself because it does not cover the specific knowledge and competencies required for selling life insurance. Approval from a policyholder is irrelevant to the licensing process, as it does not pertain to regulatory requirements. Lastly, while having a financial background may be beneficial for understanding certain financial aspects of insurance, it is not a requirement for obtaining a life insurance license in Virginia. Therefore, completion of the required insurance course and passing the state exam are critical steps for an agent to legally practice in the field.