Licensing Checklist You are not licensed until all steps are completed

Licensing Checklist You are not licensed until all steps are completed

Step 1. Schedule your exam (within 48 hours of the start-up appt.)

Step 2. Pass the test and complete all state requirements at the testing center to get your license issued

Step 3. Complete your Anti-Money Laundering Course (Print Certificate)

Step 4. Complete your IUL Training Course

Step 5. Print your License

Step 6. Complete your company affiliation appointment paperwork

Step 7. Set up your draft for your Errors and Omissions insurance (This will save you money)

Please check your licenses and appointments approval process on mywfg.com under the reports heading. Once each company appointment appears on your list, you are free to write applications through those appropriate companies.

Step by Step Licensing

This instruction sheet lists the procedures in a simplified format to guide you through the process of getting your first license. Your Trainer or Senior Marketing Director (SMD) may have additional information and resources for you to consider when going through this process. Step 1: The key to passing your exam is to officially schedule your exam date and work towards that day and time. If you have “part-time” hours to dedicate towards the preparation of your exam, we would recommend you schedule your exam 2-3 weeks from today. If you have “full-time” hours to study towards your exam, then we would recommend scheduling your exam date for approximately 1-2 weeks. When scheduling your exam, keep in mind the Life-only exam is coded as the 17-01 (If you are planning on taking both the Life and Health Insurance exam it is the 17-03). Note: The testing center fills up quickly so make sure you schedule your exam several weeks in advance, otherwise all you are doing is prolonging your date a few weeks. If you have questions with online registration, contact PSI Exams at 800.733.9267. 1. 2. 3. 4. 5. 6. 7. 8.

Go to www.psiexams.com Click on “Government/State Licensing Agencies” Select your state jurisdiction from the drop down menu Select UT Insurance in the “License Name” drop down menu Select Utah Life Producer from the “Select Account” drop down menu Click on the Sign in/Create Account link Follow instructions in creating account and scheduling your exam Select "Insurance" as business type and click "Continue"

Step 2: 1.

We have supplied you with insurance study materials online through ExamFx. You can access the study materials through the mastery team website (themasteryteam.com) Log in to the website and under the training tab, select fast start. Here you will find the link to the study materials and the log in information to access the materials through ExamFx. You should be able to pass the exam just fine with these materials. Follow the following formula to have the best chance of passing the test the first time: • • •

When you are averaging 80% or better on the practice exams you are ready to take the final exam simulator. Continue to study and practice with the final exam simulator until you are averaging 80% or better. Take the test with confidence; you are ready to pass the exam!

Step 3: Test Day – 1. 2.

Make sure that you bring your Driver’s License and your printed confirmation with you to the testing center. A 70% score is necessary to pass the exam. GOOD LUCK!!!

Step 4: Congratulations on passing your exam! While you are there at the testing facility, it is advisable that you pay for your actual license and take care of your fingerprinting. The total cost for the two is $123.00 (See total fee breakdown below). 1. Obtaining your fingerprints: The Utah Insurance Department requires all initial resident license applicants be fingerprinted. Fingerprinting is to be done at the Prometric test center, implementing the use of “live scan” technology. This will electronically capture and transmit the applicant’s fingerprints to the Utah Department of Public Safety, Bureau of Criminal Identification (BCI), for a criminal history background check. You are now done with the Testing Facility. Wahoo!!!!

Step 5: Print your License 1.

2.

Follow the email that Sircon sent you to check up on the status of your pending license. It generally takes 7-10 business days. Eventually you will be able to go to: http://www.sircon.com/resource/layout.jsp?page=utahLps&type=utah On the left side of the screen, the 3rd option down it will say “Print a License”. Click the link and follow the directions. When completed, print off a copy of your license for yourself and for World Financial group.

Step 6: Complete your Anti-Money Laundering Course This course costs $21.75 and to access it you go to the “mywfg.com” website and log in Scroll over “Tools” and then the “Licensing & Training” column, and click on “AML (US)”. You will be redirected to a screen informing you that you’re navigating away from mywfg.com. Choose the “click here to continue” link 4. Under 2014 AML $21.75” click on the button that says “Non-Credit – Click here to purchase”. 5. Click on Order now on the right side of the screen. 6. Complete process of payment and check out. 7. On the left side of the screen, click on “Portal Home”. 8. Middle of the page, click on Non-Credit – Click here to launch”. 9. Once completed, take the review test – which is the actual test. 10. Expect to take around two hours to complete. You can take the test as many times as necessary to pass for the onetime fee. 11. Print out your certificate  EACH YEAR YOU MUST TAKE AN AML COURSE TO SATISFY THE FEDERAL LAW AS MANDATED BY THE PATRIOT ACT 1. 2. 3.

Step 7: Submit License and AML Certificate to WFG 1. Fax a copy of your Insurance License and Anti-Money Laundering Certificate to Home office. Fax number is 678.966.6100. Make sure you include you WFG agent code along with your name on cover sheet. Step 8: Complete your IUL training course (no cost) 1. 2. 3. 4.

To access it you again must go to the “mywfg.com” website and log in First scroll over ” Tools” and click on “IUL” Plan for approximately 30 minutes to complete …finally a course that has no fee

Step 9: Company Affiliation Appointment Paperwork 1.

In order to sell insurance products you must go through a registration process with the various insurance companies. This process is called getting "appointed". Go to mywfg.com and log in 2. First scroll over “Tools” and click on “US Field Manual” 3. Click on “To access the full current field manual on WFG-Online, click here” 4. Click on “US Field Manual - Search Feature” 5. On the left side of the screen click on Appointment Information>> Specific Company Appointments 6. Look through the platinum, gold, and silver providers to find the following companies: a. Transamerica Premier Life b. Pacific Life c. VOYA – Fixed annuities d. Transamerica Life Ins. Co. e. American Equity – Indexed Annuity 7. Fill out as much as you can and leave the areas of which you are unsure blank. You will need to include one copy of your license with your appointment paperwork. 8. The business address for all appointments is as follows: a. 5201 Green Street, Suite 120, Salt Lake City, UT. 84123 The phone number should be your cell number or home number.

9.

Follow each company's instructions closely when filling out their forms. Include your agent ID code on the forms. It's a good idea to put it in the top right corner of each page and be sure to put your agent code on your state license copy as well. Staple each company appointment packet together and KEEP copies of everything until your appointment is activated!!! 10. Schedule a time to meet with your trainer to finalize appointment paperwork 11. **IMPORTANT: You will be charged a $7.50 appointment affiliation fee with the submission of your state license to WFG. This will be deducted from your first commission check. This is a Utah state fee requirement, not WFG 12. When your appointment paperwork and licensing are being processed you will be notified by email about your status

13. You may follow your appointments by again going online to the WFG website. Scroll over “Tools”, click on “Licensing & Appointments” then click on “*New Report* View all licensing and appointment information” It generally takes 7-10 business days after you have submitted your paperwork to become appointed with the various companies. You have now completed all of the steps in getting your licenses and appointments to sell “fixed” life insurance products. Be patient while going through the process. Undoubtedly some things usually happen that can slow this process down. If you keep your focus on going on training appointments and building your business, etc. then things will go much faster for you. Expect to have some things occur but just know upfront that this is the process that all of us have gone through!

Summary of Costs: At time of scheduling AMA Processing PSI Exam Fee (17-01) Fingerprint Service Fee

$100.00 $ 59.00 $ 20.00

At testing center-after passing exam State License Fees FBI/BCI Fingerprint processing fee Sircon Online Service Fee Processing Fee

$ 75.00 $ 39.25 $ 5.00 $ 3.75

At discretion during license processing wait time Anti-Money Laundering Course $ 21.75 Company Appointment Affiliation fee $ 7.50 ______________ Total $331.25

Step 11: Set-up your auto draft from a debit or credit card for E&O Coverage *** Important. As soon as you have submitted your license and appointment paperwork to WFG and have been approved, you are now required to have Errors and Omissions Insurance (E&O) coverage at all times. In short, E&O coverage provides protection for you in the event that an error or omission on your part has caused a financial loss for your client unintentionally. To put it very simply, everyone makes mistakes. Even with the best reps, mistakes will be made. No one is perfect. 1. 2. 3. 4.

Go to mywfg.com and log in Scroll over “Tools” and click on “Payment Central” Click on “E & O Payment” Follow directions as prompted

E&O Monthly Fee Structure: Title & Level Training Associate (Level 1) Associate (Level 10) Senior Associate (Level 15) Senior Marketing Dir. (Level 20)

Life Licensed $30 $30 $60 $80

Securities Licensed $100 $100 $120 $125

Investment Advisor Rep $125 $125 $145 $175

Step 12: Set up Direct Deposit 1. 2. 3. 4.

Go to mywfg.com and log in Scroll over “Tools” and under “Administration & Compliance” click on “Direct Deposit Signup.” Scroll down and click on “Direct Deposit Authorization Agreement Form.” Follow directions as prompted