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Is Being An Insurance Agent A Good Job – If you are thinking about a career change or if you recently graduated college, there are many good reasons to pursue a career in insurance. Read on to learn 5 reasons why many of our insurance students choose insurance sales.
Many people are drawn to the insurance industry because of the unlimited potential it offers those in sales. Agents with limited experience can achieve financial success relatively quickly. While it can take time to build a book of clients, and we tell agents to count on the first few years not being profitable, there is endless potential to make money in the long run. If you can start a good referral program, your current clients can help you continue to build your book of business.
Is Being An Insurance Agent A Good Job
Independent agents are paid only on commission, while captive agents often get a combination of salary and commission. Either way, you have plenty of opportunity to grow your income.
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If the 9-to-5 lifestyle isn’t for you, you’ll love the flexibility that a career in insurance sales offers. Whether you become an independent agent or a captive agent, you can often vary your appointment times with some evenings and weekends, not only to accommodate clients but your own life as well. You can have a free weekday to schedule personal appointments, enjoy activities, and run errands.
If you go the independent agent route, you also have the flexibility to sell a greater variety of products. This allows you to better match the needs of your customers with the best fit products and gradually earn their trust.
Thinking about a career in insurance? Download our free ebook, Launching Your Insurance Career with Confidence, for tips and advice from 100+ insurance professionals.3. It made a difference
Insurance policies protect people from financial loss due to unexpected events and circumstances. As an insurance agent, you get to guide your clients’ decisions about which insurance policy plans best suit their needs. The research you do and the recommendations you provide have a real impact on a client’s financial well-being down the road.
Advantages Of Being An Independent Insurance Agent
Insurance agents help people prepare for the future. From helping customers save for retirement and college for their children to financing a large purchase such as a home or car, insurance agents have the potential to help people achieve financial goals. and their personal. They also prepare customers for unfortunate events and provide a measure of comfort to customers during such events.
Because of the low barriers to entry, insurance sales is a good career choice for people who are transitioning to a new career after a major life change. It only takes a few weeks or months to study for the state licensing exam, pass the exam, and start selling insurance.
A college degree is preferred but not required at many insurance firms. Unlike many other finance-related positions, prior experience is not even required.
If the monotony of doing the same job over and over does not appeal, a career in insurance sales is definitely a good option for you. Most insurance agents agree that they like the variety of job insurance sales it provides. There are some tasks that must be done on a regular basis, but for the most part, agents are constantly meeting new people and helping them reach their financial goals.
Are You An Insurance Agent Who Is Passionate About Insurance?
Insurance agents often have to do much more than sell insurance. They want to grow their business, do marketing, respond to questions via email or phone, and be proficient in social media platforms. They also keep records and research returns. In addition, it is important that insurance agents keep up with industry news, trends and government regulations. For this reason, continuing education is required for insurance agents in all states (education requirements vary by state). Having these 10 traits can help, too.
Think a career in insurance sales is right for you? Learn the process of becoming an insurance agent now. If you’re ready to start insurance licensing exam preparation, choose your state to get started with Kaplan’s exam prep packages.
As an aspiring insurance professional, wouldn’t it be great if you could sit down with a room full of successful insurance veterans and ask them for their advice? The Kaplan Financial Education team interviewed over 100 insurance professionals to develop this exclusive eBook for those considering the insurance industry. you will need to possess, at least to some degree. Selling insurance can be a lucrative proposition, with relatively high paying commissions and a high degree of autonomy with flexible working hours.
However, it is not an easy task. You can expect a high customer rejection rate, stress, and attrition rate. Still, all good insurance agents share some of the following skills and knowledge, along with key qualities in one way or another.
Why You Need To Work With An Insurance Agent Rather Than Buying A Policy Online
An agent who is only out to earn a commission, regardless of the client’s needs, is unlikely to last long in business. Agents and brokers who listen carefully to what their clients and prospects have to say will be able to earn their trust, which is the most difficult part of their job.
When learning how to be a successful insurance agent, it is critical to know that agents who are willing to put their clients in a product that pays a lower commission because it better suits their needs are much more likely to retain customers.
Customers who are able to find their agents when they need them are much more likely to remain happy and reassured. Timely response to inquiries and phone calls is required, and you must be able to do what you say you will do, when you say you will do it, or at least have a good reason why you can’t.
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One of the main complaints of those who buy life insurance policies is that there is no one around to answer their questions after they have bought the policy.
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This includes the ability to listen and empathize with customers on a deeper level in order to recognize what they really want and need. A good agent is tactful and knows how to help a client see the financial reality clearly, even when the client is dead set against it.
One of the most important characteristics of a good insurance agent is that they seem to be excited and eager at all times. A worn out or new disposition will immediately rub off on customers and discourage them from buying anything.
This is perhaps the most vital quality of any good insurance agent. Those who work in this field absolutely must be able to handle rejection on a daily basis throughout the course of their career and do so with a smile. Good insurance agents understand that every “no” only brings them closer to someone who will say “yes.”
Insurance agents who use deception to close business rarely stay with the same company for long—and may end up behind bars in some cases. A good agent knows that telling the truth up front will win them the respect and trust of clients and will likely lead to repeat business over time.
A Day In The Life Of An Insurance Agent
As the old saying goes, if all you have to work with is a hammer, then everything in the world looks like a nail. A good insurance agent will be able to offer a comprehensive selection of products and services that can meet any reasonable need a client may have.
A good insurance agent knows a lot more than how to sell a policy. The agent must understand the fiscal and legal aspects of the products they sell and how they are designed to fit into the client’s overall financial situation. Many agents earn financial planning designations such as Certified Financial Planner®, Chartered Financial Counselor, or other credentials. Some agents practice financial planning, income tax preparation, or some other avenue of financial service as their primary profession, and then add insurance business when needed.
The above items are just a few of the qualities that life insurance agents must have in order to be successful. The life insurance business can be very challenging and very rewarding for those who are willing to learn the skills necessary to build their business.
For more information on how to become a successful insurance agent, contact the recruiting offices of a few different agencies or a headhunter who works with insurance agents.
Insurance Agent Cover Letter Sample
The offers that appear in this table are from partnerships from which he receives compensation. This compensation may impact how and where listings appear. it does not include all the offers available in the market. You describe a life insurance agent job on a resume by highlighting your experience and accomplishments related to the successful sale of policies that pay out to beneficiaries upon the death of the insured.
The entire resume (from the profile summary to the work experience to the skills section) should show the hiring manager why you make an excellent candidate as a life insurance agent.
To begin, you should write a strong profile summary. the
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