For 175 years, people have worked with New York Life to protect their families and futures. Selling insurance is a career path that depends entirely on you. Career Guide / Career Paths / Learn About Being an Insurance Agent. That means being well-spoken, courteous, a good listener, and responsive in conversations. Compensation schemes vary by employer, but a commission-based pay is typical. Among the career paths in insurance, insurance agents (also called insurance sales agents) sell one or more lines of insurance products and policies. Data analysts turn a jumble of complicated numbers into actionable business information. 66. Education Required A high school diploma is the typical requirement for insurance sales agents, although a bachelor’s degree can improve one’s job prospects. Insurance agents can specialize – life, health, property and casualty are all lines that offer great opportunities. Often, if you get the job, the company will pay for you to go through this training and to become licensed. Insurance careers span an incredible range of skills and talents—from actuaries and analysts to data scientists and marketers to … If you have ever contemplated becoming an insurance agent or wondered whether this career path could be right for you, then there are several qualities that you will need to possess. Additionally, some insurance agents may act as financial planners and may be licensed to sell a range of investment products similar to financial advisors. Certified Insurance Counselor (CIC): Offered by the National Alliance for Insurance Education and Research, this professional certification is designed to demonstrate an agent’s proficiency in the insurance industry and provide them with a competitive edge. Insurance agents sell auto, health, home and life insurance. Fran Majidi May 21, 2019 . This shift is being hastened by the 2010 federal health care bill, which mandates that health insurance companies reduce their ratios of administrative costs (including sales commissions) and profit to premium revenue. With an A+ rating from the Better Business Bureau, the monthly subscription costs allow us to fully vet and verify all of the jobs on our site—ensuring that customers have a safe and positive job searching experience. Data Analysts . 40-60 hours per week is a typical range. Insurance Agents or (IAs) – Sells insurance products from the company they represent Financial Advisors or (FAs) – Sells a suite of products offered by the company they represent Independent Financial Advisors or (IFAs) – Consider them a Doraemon as they carry multiple investment/insurance products from different companies and funds. Below is a straight forward look at a list of pros and cons of a real estate agent career. Pet Insurance Sales Agent Job Description: Salary, Skills & More, Find Out If a Career as an Insurance Underwriter Is Right for You, Moving on Up: Types of Jobs in Real Estate, The Top Reasons Why Companies Run Sweepstakes & Giveaways, See the Essentials About Long-Term and Short-Term Disability Insurance. What Is Law Enforcement Availability Pay? Tweet . How To Become A Real Estate Agent . Careers in the insurance industry include selling plans and processing claims for all types of insurance, such as life, health and auto insurance. An insurance underwriter evaluates insurance applications in order to decide whether to provide the insurance and, if so, the coverage amounts and premiums. Ability to convince. Insurance Underwriter: A Different Insurance Career Path . The pay is often on a straight commission, often at a high rate compared to other insurance sales jobs, in part because life insurance can be difficult to sell and prospective customers can be harder to find. Both career paths will provide information to the public about health insurance as individuals in each field will broker for insurance companies. The skills needed to start a career in insurance depend on the actual career. Well, it's practically a map that shows how you might advance from one job title to another. As an insurance agent, you get to guide your clients’ decisions on what insurance policy plans best suit their needs. Additional education also lends strength to your ability to have your own insurance firm - a gig that pays significantly better. These are all good jobs, all of them either utilizing some skill that a insurance agent would have or being a stepping stone to a different career. Insurance Sales Agents. How to Sell Final Expense Insurance 74,474 views Learn more about this career path. If you have ever contemplated becoming an insurance agent or wondered whether this career path could be right for you, there are several qualities that you … Typical hours (a week) 41 to 43 a week. While that is certainly a possibility since remuneration is tied to sales, it is naive to expect that being an insurance agent is the path to becoming financially rich. Life insurance issued by Farmers New World Life Insurance Company, 3120 139 th Ave SE Ste 300, Bellevue, WA 98005. FlexJobs is a subscription service for job seekers that features flexible and remote jobs. If you have experience as an insurance sales agent, be prepared to talk about your background, your past sales successes, and salary expectations, including asking (preferably not too early in the interview process) what the employer’s top agents earn. Work Environment Although most insurance sales agents work for insurance agencies and brokerages, both of which sell the policies of several companies, some work directly for a single insurance company. If you've been exploring careers in the insurance industry, you may have considered work as an insurance broker or insurance agent. Strong belief in Family Heritage insurance products is often what draws prospective Sales Professionals to a career with us. When they sign up, they get up to 30% off, and you get a free month worth $14.95! Insurance agents are, for the most part, trained through special courses. An insurance underwriter evaluates insurance applications in order to decide whether to provide the insurance and, if so, the coverage amounts and premiums. The role of property insurance agents involves helping customers protect property, including homes, vehicles, jewelry and other valuables. The industry has been pressing for uniform national licensing standards, to simplify the certification process. Those who act as financial planners may need the Certified Financial Planner (CFP) designation. Restrictions, exclusions, limits, and conditions apply. Career Path Guide. What Financial Jobs Offer Flexible Hours. Independent agents who sell the products of multiple insurance companies are often called "insurance brokers.". Motivated independent insurance sales agents who are paid by commission only may be more likely to be among the highest paid. Use the job search tool on Indeed.com to find current job openings in the field. 45. Post . Many insurance jobs fall under these general categories: Life insurance sales agents sell life insurance policies and annuities that pay beneficiaries when the policyholder dies. 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This survey is a helpful tool for students, people considering a change of career, or veterans looking to transfer their skills to the civilian workforce. employers that hire for insurance sales jobs, CONNECT TO INSURANCE SALES JOBS TODAY >>>, 11 Companies That Hire For Remote Sales Jobs, Tips for Job Searching During the Holidays, What to Do When You Can’t Find a Job: 13 Tips, How to Decline a Job Offer With Grace: 6 Tips, 15 Hottest Careers for Freelancers in 2021, Best of Both Worlds: How to Find a Part-Time, Work-From-Home Job, Job Categories for Remote, Part-Time, Freelance, and Flexible Jobs, New Remote Work From Home and Flexible Jobs, Find Remote Work From Home and Flexible Jobs By Location. Career paths in insurance. Welcome to the Insurance Career Survey! Source: "Health Overhaul Hits Sales Commissions," The Wall Street Journal, 5/18/2010. Mark Kolakowski is a business consultant, freelance writer, and business school lecturer. An insurance sales career can pay well while offering a measure of security for candidates who’ve worked toward having the right qualifications, background, and temperament for the job. Moreover, some agents, particularly those who sell life insurance, rely on commissions. As insurance is now officially a career, few of these agents drop out. A mid-career Insurance Sales Agent with 5 … Now, what's a career path you ask? Insurance agents may follow a third path and become insurance brokers. Internships and Apprenticeships Entry Level Jobs College Degrees. - Tony's Conference Call - Duration: 14:11. On average, agents can make 10%-15% commission on an initial first year sale and 8%-12% on renewals. Insurance Agents provide insurance products for clients to have proper protection. Insurance brokers have more training than agents and a stronger duty to their clients. Selling insurance is a career path that depends entirely on you. As in other sales fields, those starting out tend to need a larger investment of time to launch their practices. We will notify you by email when your friend (or friends) sign up for FlexJobs and you will get a free month. Students. Insurance companies fit into one of these two categories: If you work for an independent insurance agency, you will likely be selling policies from a variety of different insurance companies. There was a wide range between the salaries of lower-level agents and top earners: less than $27,500 a year for the bottom 10%, and more than $125,000 for top-tier professionals. 7 Reasons Why Becoming an Insurance Agent Is a Great Career Choice . If the following description sounds like you, then you’re probably well suited for a career as an insurance agent: • You are willing and able to prospect for potential new clients • You are able develop key business relationships • You enjoy meeting and helping people • You have an interest in insurance products Do you think becoming an insurance agent is the only opportunity for you in the industry? Insurance sales agents must be communicators who are good with people. Insurance policies protect people from financial loss because of unexpected events and circumstances. Employment of insurance brokers and sales agents is expected to grow 9% by the year 2024 (compared with .5% overall growth during the same period ). Start your career as a life insurance agent today. Insurance Underwriter: A Different Insurance Career Path . The Insurance Agent's job is to provide insurance products that provide appropriate protection for their clients' lives, health, income and beneficiaries. 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