When I agreed to come back and work for 'Company M' I agreed that I would get licensed to sell in the state of Iowa. The idea sure sounded better before I started studying! These are the tests I am required to take to be 'licensed':
[Iowa Life, Accident & Health Insurance] - this exam qualifies you to sell life, health and accident insurance within Iowa. It covers all types of life insurance, laws & regulations, health insurance, disability, etc.
[Series 6] - The FINRA license for individuals who wish to sell Mutual Funds and Variable Annuities.
[Series 63] - is designed to qualify candidates as securities agents. The examination covers the principles of state securities regulation reflected in the Uniform Securities Act (with the amendments adopted by NASAA and rules prohibiting dishonest and unethical business practices).
[Series 65] (Optional, well not according to my boss!) - the license for individuals that act as Investment Advisors. This basically allows you to charge a fee (outside of commissions, if any) for your investment advice.
As of Monday, I now have one exam done! I used a online studying program that gave you a 10-day study plan and then you take the test. I used that, but then also left myself the entire weekend to do nothing but study and take practice questions! It paid off, because I passed it with an 87% and I only needed a 70%! Should have seen the smile on my face walking out of that building!!
Everyone is telling me that if I don't pass one on the first try, its going to be the Series 6-my next one. Nothing like more motivation to knock it out the first time:) I cannot wait to be done with this..I kept saying after I graduated with my MBA I was never studying again!! It will be over soon, right?!
On a side note, I planted a flower/pot for my patio table outside my window -- I'll post pictures another time:)
I'm studying to take my L&H right now in SC! I'm so unmotivated to study on my own, though! I took my P&C exam a year and a half ago, but went to the week-long class instead of studying on my own. You're a brave one with all of the Series licenses! Good luck with them all! And just think of how accomplished you'll feel when it's all over with! Congrats on your L&H!
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