The state of insurance for Spanish-speaking consumers 

A growing number of states have added Spanish-language insurance licensing exams in the major lines of authority (Life, Health, Property, Casualty, Personal Lines) to better serve the growing number of Spanish-speaking consumers in the United States. The Census Bureau estimates there were 65.2 million Hispanics in the U.S. as of July 2023, a new high. They made up more than 19% of the nation’s population.  As of 2024, 22 states offer licensing exams in Spanish. 

The need for Spanish-language resources 

While a significant portion of the Hispanic community is bilingual, a considerable number primarily speak Spanish. This presents a barrier to accessing insurance products and services. 

Statistics show that Hispanic Americans are underinsured compared to other racial and ethnic groups, highlighting the need for greater accessibility. 

• Life Insurance: Only 43% of Hispanic respondents reported having life insurance coverage, the lowest rate among any racial or ethnic group over the past decade. (LIMRA, Life Insurance Marketing and Research Association) 

• Financial Security: Hispanic respondents expressed a higher need for life insurance protection, with concerns about saving for emergencies and supporting themselves if unable to work.  

Barriers to insurance access for Hispanics 

A lack of awareness due to insufficient availability of Spanish-language information may play a large role in keeping Spanish-dominant individuals from getting life insurance. LIMRA cites the following barriers and misconceptions: 

• Perceived Cost: A higher perceived cost of life insurance. 7 in 10 Hispanic respondents (72%) overestimate the cost of a term life insurance policy.  

• Financial Priorities: Concerns about competing financial priorities and having enough money for a comfortable retirement. More than 4 in 10 (44%) of Hispanic respondents are worried about being able to save money for an emergency fund and being able to support themselves if they are unable to work.  

• Qualification for Coverage: 12% of Hispanics who do not own (or do not own enough) life insurance believe they would not qualify for coverage.   

Read more from LIMRA: Securing Hispanics’ Financial Security Through Life Insurance 

It is essential that the Hispanic population has access to insurance. Conning Research predicts there will be more than 30 million new Hispanic drivers hitting the roads through 2050, and the National Association of Hispanic Real Estate Professionals predicts they will be the largest group of homebuyers in the country by 2030.  

While much of the Hispanic community in the United States are on the bilingual spectrum, it is important to make Spanish available to this audience. According to the SXM Media Bilingual Study, 29% of surveyed Hispanic people speak Spanish only, 54% are on the bilingual spectrum, and 17% speak only English. 

Now is the time for the industry to build trust with this community to help them make informed financial decisions, encourage confidence in their coverage, and ensure their loved ones are protected. 

What is the Insurance Industry doing to support the Hispanic market?  

One step the insurance industry has been taking in a growing number of states, offering the State Licensing Exams in Spanish for all major lines of authority.

Insurance Licensing Exams are available in Spanish in the following states: 

• California 
  • California insurance licensing exams may be taken in many languages, including Chinese (Simplified), Korean, Spanish, Tagalog and Vietnamese. ExamFX provides access to the Educational Objectives translated in those languages, as well as Life/Health and Code & Ethics courses in Spanish. 
• Colorado 
• Connecticut  
• Florida  
• Georgia  
• Illinois  
• Indiana  
• Kansas
  • Combination L&H and P&C exams only 
• Maryland 
• Massachusetts  
• Minnesota  
• Nebraska 
• New Jersey 
• New Mexico 
• New York 
• Oregon 
• Pennsylvania 
• Rhode Island 
• Tennessee 
• Texas  
• Utah  
• Wisconsin 

Learn more about the specific requirements and offerings in your state. Find your state on our State Insurance Prelicensing Requirements page. Or Register Now for your prelicensing exam prep. 

Which ExamFX insurance products are available in Spanish?  

In the states that offer testing in Spanish, ExamFX offers Spanish courses in the corresponding lines of authority for Life, Health, and Life and Health.

Learn more about our Life, Health, and Life and Health courses.

ExamFX Spanish by-state course offerings 

What do the Spanish courses look like?

Users can toggle in and out of Spanish Mode at any point in the course, making all written study materials available in Spanish.

Users who purchase the Video Study Package can access video transcriptions and closed captions in Spanish. 

Introducing NEW Spanish-language Study Guides from ExamFX 

Are you taking the licensing exam in English, but more comfortable learning in Spanish? Do you learn best by highlighting text and making notes on the page? These Study Guides are for you. 

Now available for Life, Health, and Life and Health lines of authority, our new printed Spanish-language Study Guides translate the most important exam topics to help build a solid foundation of knowledge to prepare for your licensing exam. Improve retention by reinforcing the concepts you learn in your online course with Spanish explanations.  

To purchase a Spanish Study Guide, you must purchase an ExamFX course. This resource is available to any learner, even in states that do not offer testing in Spanish. Some organization-specific discounts are available, ask your manager or reach out to ExamFX Customer Support for more information. 

State-specific Spanish Study Guides are available in states that offer licensing exams in Spanish.

Learn more about our Life, Health, and Life and Health courses, or Register Now for your prelicensing exam prep.