You'll help protect people from unforeseen disasters. One of the greatest responsibilities and opportunities for insurance professionals is the opportunity to protect individuals and families through insurance products. Many people are attracted to the insurance industry because of the limitless potential it offers to those who are dedicated to sales. Agents with limited experience can achieve financial success relatively quickly.
While it can take time to build a customer base, and we tell agents to count on the first few years being unprofitable, there is endless potential for earning money in the long term. If you can start a good referral program, your current clients can help you continue building your business portfolio. Independent agents are paid on a commission basis only, while captive agents are usually paid a combination of salary and commission. Either way, you have plenty of opportunities to increase your income.
If the monotony of doing the same job over and over again isn't appealing, a career in insurance sales is a good fit for you. Many insurance agents agree that they love the variety of work insurance offered by work insurance sales. Some tasks need to be done regularly, but for the most part, agents are constantly meeting new people and helping them achieve their financial goals. Insurance agents often have to do much more besides selling insurance.
They need to grow their business, do marketing, respond to inquiries by email or phone, and dominate social media platforms. They also maintain research records and perspectives. In addition, insurance agents need to keep up to date with industry news, trends, and government regulations. For this reason, insurance agents in every state require continuing education (education requirements vary by state).
Having these 10 traits can also help. As an aspiring insurance professional, wouldn't it be great if you could sit in a room full of successful insurance veterans and ask them for advice? Kaplan's Financial Education team interviewed more than 100 insurance professionals to develop this exclusive e-book for those considering the insurance industry. As a life insurance agent, you can control your income. You have the opportunity to earn as much money as you can, depending on how hard you work and how ambitious you are.
Even people without much previous experience, who are certified as agents, can achieve financial success fairly quickly. With the right tools and training, you'll have plenty of opportunities to increase your income exponentially compared to other professions, such as real estate agents, brokers, teachers, and nurses, to name a few. Whether you want to work for 9 to 5 years, work part-time, or work on weekends, an insurance career as an entrepreneur gives you the flexibility to choose. You can vary the schedule of your appointments on weekends and nights to suit customers as well as their lifestyles.
Work-life balance is crucial to long-term happiness, and very few careers give someone the chance to truly enjoy that. In addition, you have the flexibility to sell a wider variety of products, from annuities to term life insurance. You can better serve your customers with the right products and ultimately earn their trust. The peace of mind that comes from offering customers the perfect coverage.
Even in financial services, few careers can offer you, as a newcomer, the chance to earn as much money right away as becoming a life insurance agent. As a life insurance agent, you can help your customers determine the best insurance plans that fit their budgets and needs. The impact of an insurance agent is great when you work for the benefit of your clients. Most insurance agents have the freedom to decide when to work and don't need to follow a rigid schedule.
Being an independent agent means starting a business, as well as finding insurance companies to represent. They learn directly about insurance-related topics, but they also learn about sales, marketing, and running a business. If the 9- to 5-year lifestyle isn't for you, you'll like the flexibility offered by a career in insurance sales. Being a life insurance agent doesn't require much experience and it pays off with plenty of opportunities, both personally and professionally.
But it may be time to learn more about Internet marketing since that is the future of lead generation in most industries, but especially in insurance. It only takes a few weeks or months to study for the state licensing exam, pass it, and start selling insurance. Ask 100 insurance agents what the benefits are and you'll get 100 answers, or more, most likely. Life insurance agents enjoy a lucrative career, but it involves constant hustle and bustle, contacts and sales in the evenings and on weekends, and general hard work.
To become a successful insurance agent, you must possess a “fighting spirit”, accept challenges head-on, and have the ability to see rejection as a springboard to success. You'll have to work hard to get the number of sales presentations needed to be successful as an insurance agent.