Get an Insurance License With a Felony

Can You Get a Life Insurance License With a Felony Conviction?

Getting a life insurance license with a felony conviction can pose challenges, but it is not necessarily impossible. Certain state requirements and conditions need to be met in order to pursue obtaining a life insurance license. Here are some important issues that will prepare you to move forward in the process.

Always Check with Your State First

When it comes to licensing guidelines, it's crucial to remember that they can vary by state. That's why it's important to check the specific regulations in your state. In some states, the department of insurance may offer to review your criminal background before moving forward with the licensing process, which will save you time, money, and maybe some stress.

Below are some issues to consider, and will give you some talking points when contacting your state licensing agency.

Find Out If You’re Barred

Certain felonies, such as those related to money laundering, fraud, embezzlement, and other financial crimes, can permanently prevent you from obtaining a license. Other felonies have specific disqualifying periods. For instance, felonies involving moral turpitude (conduct that is believed to be contrary to the community standards of honesty, justice, or good moral values) may have a 15 year disqualifying period, while some other felonies may have a 7 year disqualifying period, but every state has distinct guidelines.

Severe Crimes

First-degree felonies, capital offenses, and violent crimes may permanently bar you from obtaining a license. Check with your state department of insurance based on your situation.

Rehabilitation

Once the disqualifying period is over (if applicable), you must demonstrate rehabilitation and prove that you are not a risk to the financial concerns of people buying insurance. This means showing that you are prepared and trustworthy to work in the insurance business. You may be obligated to furnish proof of trustworthiness, such as record of steady employment, paid all outstanding legal costs, maintained a good record of conduct, and similar items.

Civil Rights

If you have a past felony conviction and have had your civil rights restored, keep in mind that obtaining a pardon or having your civil rights restored can sometimes remove certain obstacles to getting licensed, although it’s not a guarantee.

Summary

If you have a felony conviction and are considering starting the process in getting a life insurance license, it may be beneficial to seek advice from a legal professional or contact the department of insurance in your state to gain a better understanding of your specific situation.