vestwell vestwell vestwell
  • About
  • Contact
  • Testimonials
  • More
    • Demographics & Advertising Rates
    • Terms & Conditions
Friday, May 27, 2022
No Result
View All Result
CALIFORNIA BUSINESS JOURNAL
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness
CALIFORNIA BUSINESS JOURNAL
How to Begin an Insurance Sales Career

How to Begin an Insurance Sales Career

How to Begin an Insurance Sales Career

Perhaps the biggest question is whether you want to be independent or an employee.

by Anna Rodriquez, California Business Journal
A A
Share on FacebookShare on Twitter

Selling insurance is an entirely self-directed professional path. Insurance agents may specialize in various fields, including life, health, property, and casualty. According to the Bureau of Labor Statistics (BLS), the insurance industry is increasing at 22%.

If you have great expectations and a strong will to succeed, you can thrive as an insurance agent. Nectar’s how to start selling insurance products section helps people find health, life, Medicare, auto, and home insurance based on their search parameters and the products and services supplied by users. By linking the consumer with the right agent, the shopper’s experience remains unique.

Qualifications

High school graduation is required to begin an insurance profession, while certain organizations may need a college degree. You must understand the insurance industry, so completing classes in finance, business, and economics is of significant benefit.

Since an insurance representative is a salesman, it’s critical to have strong relationship-building abilities. Apart from sales abilities, you must be highly organized, adaptable, and ready to work long hours. Insurance agents often meet with customers in the evenings and on weekends, so expect to work unpredictable hours.

What to Offer

When you decide to become an insurance agent, you must choose the kind of insurance you will offer. Agents who are qualified to provide both life and health insurance may market one or the other. Those that specialize in life insurance eventually get engaged in their customers’ retirement planning.

Numerous individuals sit for the National Association of Securities Dealers Series 6 and 7 examinations. The first qualifies them to offer mutual funds and variable annuities, while the latter qualifies them to sell all types of assets, including stocks and bonds. Accidents, fire, theft, workers’ compensation, and liability are all covered under property and casualty insurance. If you’re unsure which option to pursue, speak with different agents to learn more about their services.

How to Begin an Insurance Sales CareerObtaining a License

Requirements differ by state, so check with your state’s insurance commissioner’s office for specifics. To become licensed in all states, you must pass an examination. Some will do a background check and take your fingerprints.

The need to finish a course of study before taking the test differs by state as well. Taking one is an excellent idea nonetheless. It’ll assist you with the exam and provide you with a more extensive knowledge basis for your career.

Individual states issue insurance licenses. Your license in one state doesn’t enable you to sell in another, even if it’s transferable.

Employee or Self-employed

Whether to become an employee or an independent agent is a choice you’ll have to make early in your career. A new hire generally gets a tiny basic pay – about $56,477 – and then earns commissions on top of that. Employees are likely to benefit from working with more experienced agents. Also, some businesses provide mentorship programs to assist new agents.

Independent agents also work for a single firm but aren’t salaried or given perks. They are compensated only on commissions, which are larger than those paid to staff agents. However, they have to pay all of their expenditures. Because you’re unlikely to make substantial commissions initially, anticipate many months of inactivity as you grow your company.

As an insurance agent, you may offer life, health, disability, property, and casualty insurance products, as well as financial planning services such as annuities and securities. You may sell any or all of these items based on your tastes or the specific license required by your state.

ADVERTISEMENT

During training meetings with a supervisor or other agents, a new agent often learns about selling. This training helps you to have a better understanding of the essential characteristics of an insurance agent.

Related Posts

Travel Insurance
How To Choose the Right Travel Insurance
business insurance
How health insurance can protect you against financial risks
business insurance
Should You Have Business Insurance?
Andy Bhushan feature photo
Smarter Data + Increased Transparency = Better Insurance
Jamie Reid and Gabe Erle of C3
The End of the Drab ‘Insurance Brokerage’ Environment
life insurance choices
What life insurance do I need?
California Freeways
Why Elon Musk Blames Californian Insurance Commissioner for High Car Insurance Rates in California

 

Tags: agentbusinessescollegeeconomicsfinancialfirmhealthhealth insurancehomeindependentinsurancelicenselife insuranceretirementSalesstudytraining
ADVERTISEMENT
Anna Rodriquez, California Business Journal

Anna Rodriquez, California Business Journal

Related Posts

business insurance
Should You Have Business Insurance?
California Freeways
Why Elon Musk Blames Californian Insurance Commissioner for High Car Insurance Rates in California
life insurance choices
What life insurance do I need?
Jamie Reid and Gabe Erle of C3
The End of the Drab ‘Insurance Brokerage’ Environment
business insurance
How health insurance can protect you against financial risks
Travel Insurance
How To Choose the Right Travel Insurance
Andy Bhushan feature photo
Smarter Data + Increased Transparency = Better Insurance
advertisement
Facebook Twitter LinkedIn Instagram LinkedIn

Advertise With CBJ

1REALTOUR-SAN DIEGO-WEB DESIGN
Facebook Twitter LinkedIn LinkedIn Instagram
C B J   LOGO  SVG-01
  • About
  • Contact California Business Journal
  • Testimonials
  • Demographics & Advertising Rates
  • Terms & Conditions

Categories

  • Art & Culture
  • Business
  • Editor's Choice
  • Education
  • Featured
  • Finance
  • Food & Dining
  • Health & Fitness
  • Human Interest
  • Insurance
  • Law
  • Marketing
  • Medical
  • News
  • Newsletter
  • People
  • Popular
  • Real Estate
  • Social Media
  • Technology
  • Uncategorized

CBJ Partner Firebrand Media

Laguna Beach Independent Newspaper
 Laguna Beach City Guide
 Newport Beach Independent Newspaper
Newport Beach Country Club Magazine
  Montage Magazine
 Omni Escapes Hotel Magazine
 Bespoke Concierge New York
 Evans Hotels
 Laguna Beach Magazine
 On The Menu Laguna Beach
 Newport Beach Magazine
Coastal Real Estate Guide (NB,LB, CDM)
Monarch Beach Resort Magazine
 Pacific Coast Magazine (SoCal)
Sea Island Life Magazine
Salamander Hotel & Resorts Magazine
 View our entire portfolio

 

Most Viewed

  • Gavel, scales of justice and law books

    Lawsuit Basics: How Much Does It Cost to Sue Someone?

    0 shares
    Share 0 Tweet 0
  • The Impact of Covid: Racing to Buy Second Citizenships

    0 shares
    Share 0 Tweet 0
  • NFL Paychecks: How Do NFL Players Get Paid?

    0 shares
    Share 0 Tweet 0
  • What to Do When an Online Casino Refuses to Pay Out Your Winnings

    0 shares
    Share 0 Tweet 0
  • New Study: California’s 10 Universities That Produce the Most CEOs

    0 shares
    Share 0 Tweet 0
  • Five Reasons Why The Government Does Not Like Bitcoin

    0 shares
    Share 0 Tweet 0
  • The Only Way

    0 shares
    Share 0 Tweet 0
  • How to Start a Telecommunication Business: A Step-By-Step Guide

    0 shares
    Share 0 Tweet 0
  • Is Virtual Financial the Future of Financial Services?

    0 shares
    Share 0 Tweet 0
  • Best Crypto Faucets You Can Try In 2021 and 2022

    0 shares
    Share 0 Tweet 0

Latest Articles

Moving Day

In Focus: Move Central

How To Improve Your Home Budget Without Changing Your Job

How To Improve Your Home Budget Without Changing Your Job

dollar

Founder Lindsey Head of Head Consulting Is the Latest Entrepreneur to Obtain Financial Backing From Burns Funding

How CBD Vape Juice Is Beneficial For Chronic Diseases

How CBD Vape Juice Is Beneficial For Chronic Diseases

casino-de-monte-carlo

What influence does bitcoin have on Monte Carlo Fashions Limited?

greece-bitcoin

What impression has Bitcoin had on Greece’s retail sector?

Bitcoin

What implications has Bitcoin had on Tunisia’s textile industry?

Bitcoin

What consequence has Bitcoin had on Estonia’s petroleum industry?

cryptocurrency

How can Bitcoin affect Hermès?

bitcoin

What implications has Bitcoin had on Ghana’s meat industry?

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR

No Result
View All Result
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR