Selling insurance is a rewarding career, both in terms of finances and personal satisfaction. But it also produces a lot of stress. If you're considering a career in insurance, it's important to understand how to manage the stress that comes with it. Read on to learn more about the stress associated with selling insurance and how to manage it. CareerCast ranked Insurance Agent 155 out of 200 on its Worst Jobs list, classifying the stress level as “average”.
While a good income can compensate for a lot of stress for many people, selling insurance is still a fast-paced career that requires focus and determination. You'll need certain skills to succeed, including perseverance, the ability to be told no, and a positive attitude. Compared to most financial careers, becoming a life insurance agent is relatively easy. Most states don't require any educational requirements beyond a high school diploma. Some states may require you to take a licensing course and pass a test, but these tests are usually as easy as a fifth-grade spelling test.
Many people are attracted to the insurance industry because of the limitless potential it offers sellers. Agents with limited experience can achieve financial success relatively quickly. It may take some time to build up your client base, but 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 business portfolio. Independent agents receive only one commission, while captive agents often receive a combination of salary and commission. Before starting a career in insurance sales, make sure you understand the compensation structure and what to expect. Even indirect control changes in insurance agencies may be subject to regulatory requirements, especially if the agency is licensed to operate in all states.
By selling insurance to individuals, agents have the opportunity to provide great benefit to their customers. Insurance is something that provides financial protection and coverage in the event of an adverse event. The way you earn your income varies depending on the company you work for and the type of insurance you sell. With life insurance, you earn a percentage of the policy when it sells, and then you receive another commission every time it renews. Since many insurance sales agents earn commission-based income, the revenue potential is considerable. Best of all, life insurance agents receive renewals of commissions paid while a sold policy is in effect. Life insurance agents enjoy a lucrative career, but it involves constant hustle and bustle, networking and sales in the evenings and weekends, and overall hard work.
Health insurance can provide a cushion for health expenses and medical treatments, while auto and home insurance protects these valuable and necessary possessions. If you're thinking about a career change or have recently graduated from college, there are plenty of good reasons to pursue a career in insurance. Many former captive insurance agents encourage others to regain their freedom when they become independent insurance agents. If you're ready to begin preparation for the insurance license exam, choose your state to begin Kaplan exam preparation packages. And unlike a new car or mobile phone, life insurance doesn't offer any of the instant rewards that drive people to make impulse purchases.
Managing Stress When Selling InsuranceSelling insurance can be stressful due to its fast-paced nature and ever-changing regulations. To manage this stress effectively, it's important to have an organized system for tracking leads and staying on top of paperwork.
It's also important to set realistic goals for yourself so that you don't become overwhelmed by trying to do too much at once. It's also important to take breaks throughout the day so that you don't become burned out or overwhelmed by your workload. Taking regular breaks will help you stay focused on your tasks and will give you time to recharge so that you can stay productive throughout the day. Finally, it's important to remember that selling insurance is not just about making money; it's also about helping people protect their families and assets from unexpected events. Keeping this in mind can help reduce stress levels by providing motivation and purpose.
ConclusionSelling insurance can be both rewarding and stressful at times. It's also important to set realistic goals for yourself so that you don't become overwhelmed by trying too much at once.
Finally, remember that selling insurance is not just about making money; it's also about helping people protect their families and assets from unexpected events.