How Much Does A Life Insurance License Cost? 
There are different levels of `` cost '' in becoming a licensed `` life insurance agent '' . In South Carolina you have to take the required preparatory licensing materials and then take an exam . These materials in South Carolina is like $ 140 just for the materials and then there is an additional `` test exam fee '' that has to be a `` proctored exam '' and it is approximately another $ 100 . In South Carolina once you have passed the exam and you apply for yuor license with a company of your choice there is not a `` licensing fee '' in South Carolina . Then you have continuing education costs each year . For example , if yuo are going to sell `` annuities '' you have to take LIMRA courses in `` Money Laundering '' that typically will cost you $ 150 . You have to stay current with the continuing education requirements that are set by the Deaprtment of Insurance in your State . 