Which of the following is a common requirement to obtain a life insurance broker's license?

To obtain a life insurance broker's license, passing a state examination is a standard requirement across most jurisdictions. This exam typically assesses the candidate's knowledge of various life insurance policies, state regulations, ethical practices, and financial concepts related to insurance. The purpose of this examination is to ensure that brokers possess the necessary understanding and skills to advise clients effectively on life insurance products, helping to protect individuals' financial futures.

While other options, such as having prior experience or completing a certain number of sales, may be beneficial for practical purposes or company-specific requirements, they are not universally mandated by state laws for obtaining a life insurance broker's license. Additionally, being employed by a leading insurance company is not a prerequisite for licensure; many brokers are independent and operate outside of traditional agency structures.