Minnesota Insurance License Requirements 2026 - Cost: $354 All-In
20 hours of pre-licensing, PSI Services LLC exam, ~$354 all-in. Here is the exact path.
Free Minnesota Licensing Roadmap
A printable step-by-step PDF covering pre-licensing, application requirements, the PSI Services LLC exam, and what to do the week your license arrives.
Path options: Life: 20 hours Health: 20 hours Life + Health: 40 hours
5 Steps to Get Licensed in Minnesota
Use this as a practical roadmap. Your state may allow or require a different order for education, examination, application, and fingerprinting.
- 1
Complete pre-licensing education
Complete the education required for your license type through an approved provider. Course format and completion time vary by state and provider.
Start the JustInsurance Course - 2
Schedule your Minnesota state exam
Register through PSI Services LLC, the testing partner for the Minnesota Department of Commerce. Use the provider's current portal to confirm available testing formats and appointments.
- 3
Pass the Minnesota life insurance exam
Review the testing provider's current identification, arrival, and remote-testing rules before exam day. Use the official content outline to guide your preparation.
Retake policy: Retake policy: a 24-hour waiting period.
- 4
Submit your license application
After passing, file your application through NIPR or your state's online portal and follow the documentation requirements for your license type.
Fingerprinting: Submitted through PSI test centers
- 5
Get appointed with carriers
A license alone does not authorize work for every carrier or product. The Price Group can assist with carrier contracting, subject to carrier approval and applicable state requirements.
Want this written out as a printable checklist?
Minnesota Licensing Cost Breakdown
Everything you can expect to pay to get fully licensed in Minnesota.
| Item | Cost |
|---|---|
| State-approved pre-licensing course | Varies by provider |
| Minnesota state exam fee | $45 |
| License application fee | $50 |
| Background check / fingerprinting | $50 |
| Estimated total | ~$354 |
Course prices and government fees can change. Verify the course on the state-approved provider list and confirm current fees before paying.
How much does a Minnesota insurance license cost in 2026?
The all-in cost to get a Minnesota life producer license is about $354 in 2026. That figure covers a mid-priced pre-licensing or exam-prep course, the state exam fee, the Minnesota license application fee, and the required background check.
Line-item breakdown: pre-licensing or exam-prep course approximately $149 to $399, PSI Services LLC exam fee $45, Minnesota license application fee $50, and fingerprinting/background check roughly $50.
Not included in the $354 estimate: optional study materials, retake fees if you fail the exam ($45 each attempt), and the appointment fee a carrier pays on your behalf once you are contracted. The Price Group reimburses qualifying course costs after your first policy is issued.
Minnesota life insurance exam: format, questions, and passing score
The Minnesota life insurance producer exam is administered by PSI Services LLC. It contains 100 scored questions, you have 120 minutes to complete it, and you need a 70% score to pass. Results are delivered on screen immediately when you submit.
Question topics typically cover life insurance products and concepts, annuities, Minnesota statutes and rules, and ethics and producer responsibilities. Calculators are provided on screen and you may not bring your own.
If you fail, the retake policy is a 24-hour waiting period. You will pay the $45 fee on each attempt. Most candidates who fail the first attempt pass on the second after focused review of Minnesota-specific statutes and product suitability.
How many hours of pre-licensing are required in Minnesota?
Minnesota requires 20 hours of approved pre-licensing education for the resident life producer license. Courses must be completed through a state-approved provider and verify seat time so you cannot skip ahead.
Most TPG agents finish the 20-hour course in 3 to 7 days studying part-time. Plan on 3 to 5 hours per day if you want to compress the timeline, or spread it across 2 weeks if you are working full-time.
Of the total, 3 hours of ethics content is required as part of the curriculum.
How long does it take to get a Minnesota insurance license?
The typical timeline from registration to license-in-hand is 3 to 6 weeks in Minnesota.
Week 1-2: complete pre-licensing (20 hours required). Week 2-3: schedule and pass the PSI Services LLC exam. Week 2-3: submit the Minnesota license application and complete fingerprinting through Submitted through PSI test centers. Week 3-6: the state reviews the application and issues the license, usually within 7 to 14 business days of receiving cleared fingerprints.
The two variables that slow most people down are study pace and how quickly fingerprinting can be scheduled in your area.
Minnesota license fees at a glance
Pre-licensing or exam-prep course: approximately $149 depending on provider. PSI Services LLC exam fee: $45 per attempt. Minnesota license application fee: $50. Fingerprinting/background check: $50. License term: 2 years before the first renewal cycle. Continuing education: 24 hours every 2-year renewal, including 3 hours of ethics.
There is no separate license issuance fee beyond the application fee in most cases. Minnesota does not charge an annual renewal fee outside of the CE compliance cost (CE courses typically cost $50 to $150 per renewal cycle).
Just got your Minnesota life producer license? Here is your next step.
A license is only the first step. The Price Group is a remote-first insurance agency that gives newly licensed Minnesota agents AI-powered final expense leads, carrier contracts with top commissions, daily live training, and a proven sales script. We focus on telesales so you can write business from anywhere in Minnesota without door-knocking. Apply below and we will set up a call to walk you through how it works.
Selling Insurance in Minnesota
What the Minnesota insurance market actually looks like for new agents, from a remote-first agency that writes business here every week.
Minnesota is a high-income Upper Midwest market with strong term, whole life, and IUL appetite. The Price Group writes business across the state, with most agent activity concentrated in Minneapolis, Saint Paul, Rochester, and Duluth. Because TPG runs a fully remote, telesales-first model, Minnesota agents work from home and serve every county on the map, not just their local metro. Final expense is the entry product most Minnesota agents start with because lead flow is consistent and average premium fits a wide range of senior budgets, and term, whole life, and Medicare Supplement cross-sells follow naturally as the book matures.
Ready to start writing business in Minnesota?
Minnesota Licensing FAQ
Quick answers to the most common questions about getting licensed in Minnesota.
Why agents choose The Price Group
Once you are licensed, the next decision is who you go to market with. The Price Group is built for life insurance agents who want a real system, not an MLM.
- 20+ A-rated carrier appointments handled for you
- AI-powered leads, no door-knocking, no cold calling required
- Daily live training and a virtual call center
- Built by David Price, founder of The Price Group
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Last updated: May 27, 2026