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Basic Insurance Agent Employment Requirement

Insurance agency: Insurance agency research and sell life, health, home, car and other insurance policies to individuals and businesses. They earn a commission for bringing in new business, paid by the insurer. This article will tell you how to become a successful insurance agent.

Insurance agency

Work for 2 to 5 years in a sales environment.

Insurance agents must be well versed in the handling of rejection, calling leads, marketing and asking for sales in order to survive in this competitive field. If you can handle a high-pressure sales environment, you can be an insurance agent.

  • If you are in school and you want to apply for an insurance agent position after graduation, work in sales during your summer breaks. Many companies like to hire recent university graduates, but they will be looking for people who are social, resilient and have tried sales in some form.

Earn your commission regularly.

You may need to prove to your potential employers that you can hit quotas. Keep track of your sales goals and achievements.

Insurance agency

Become an independent sales representative:

Become an independent sales representative or work in an environment where you are responsible for your work day. Many insurance agents, particularly non-captive agents, must be able to drum up sales without a lot of management.

Consider a bachelor’s degree in business or finance.

If you want to begin your career path in insurance, this is an excellent entry into the industry. Many companies like to hire and train recent graduates.

Research the requirements for being an agent or producer in your state.

Agents and brokers are often referred to in the general term “producers.”

Insurance agency

Take licensing classes.

You can enrol in a certificate course or technical college course that is accepted by your state licensing agency.

  • You may be required to take between 25 and 50 hours of class before signing up to take the exam. If you are earning a bachelor’s degree in insurance, business or finance, you should be able to take classes during school that will qualify you to take the test.
Submit proof of pre-licensing requirements to your state’s insurance division, if required.

Take your state licensing exam.

Pass the exam and gain a job with a licensed insurance firm to begin work as an agent.

  • If you want to work in a state where you do not live, you will be required to obtain a non-resident insurance license.

    Insurance agency

Search for positions as a non-captive or captive insurance agent in your area.

You can use job search sites or contact insurance companies and brokerage firms directly.

  • Captive insurance agents work for an insurer and only offer their company’s insurance. Non-captive agents research several types of insurance for their clients and offer them several options. They can receive commissions from many different companies.

Look for insurance firms that train their employees.

Insurance agents should look for jobs with opportunities for learning and advancement.

Insurance agency

Submit your proof of employment by a state licensed insurer or brokerage firm.

This may be required by your state. All insurance agents are only licensed to sell insurance policies under this condition.

Complete a training period.

New insurance agents may have a mentor or trainer before they start working with a territory.

Insurance agency

Hit sales targets.

You will need to achieve quotas regularly in order to be a successful insurance agent.

Enrol in continuing education classes to remain licensed.

You will need to submit proof of a certain amount of classes every few years.

Insurance agency

Things You’ll Need

  • Sales experience
  • Bachelor’s degree in finance, business or insurance (optional)
  • Pre-licensing courses
  • State producer’s exam
  • Entry-level insurance agent job
  • Continuing education courses

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