Becoming a life insurance agent requires some professional preparation and knowledge, but with planning and study, it can be a rewarding career. To become a licensed insurance sales agent, you must pass a state licensing exam and meet all other application criteria. First of all, becoming a life insurance agent is easy. There are no educational requirements beyond a high school diploma.
Some states require you to take a licensing course and pass an exam, but the truth is that they're relatively easy. New York requires that those seeking an insurance license complete the pre-license before taking the state licensing exam. Pre-licensing courses with Kaplan give you the best chance to pass, our approval rates are among the highest in the industry. insurance agents must be licensed to discuss insurance products or complete sales.
Each state has unique licensing requirements. People who operate without a license could face sanctions or legal action. The sale of life insurance is part of the financial services industry, which has a history of generating more millionaires than any other industry. Selling life insurance is a rewarding opportunity where you can help individuals and families alleviate this concern and earn a generous commission while doing so.
Selling life insurance can be a great way to generate passive income, even in times of economic uncertainty. To sell life insurance, you must become a licensed life and health insurance agent in your state (or whatever state you plan to sell in). This license qualifies you to explain, sell and write life and health insurance products in New York. With life insurance sales, you sell a policy and receive an initial commission (a percentage of the premium), and then, every year you retain that customer, you receive partial commissions again.
Without feeling a relentless interest, intrigue, enthusiasm and urgency in the face of the needs that others have for the long-term protective benefits of life insurance, a life insurance agent cannot convey the most important message to customers, which is that life insurance offers more than just another bill at the end of the month or year. Those who have a gift for selling life insurance and the perseverance to overcome difficult early years can earn big money and retire with a high degree of financial value. For these reasons, many life insurance agents do business the old-fashioned way, making cold calls and knocking on the door. It's important to partner with an accredited life insurance IMO that offers a good mix of companies and products, full contracts, training, support and technology.
If rejection creeps into your skin or exhausts you, selling life insurance may not be the right career for you. With the right training and experience, and with great perseverance, you can become a life insurance agent and experience this satisfaction for yourself. In this way, the customer fully understands how the policy adapts to their life and how the insurance agent has adapted the structure of the policy to suit their circumstances. Before you begin the licensing process, you'll need to know what products you'll be selling (see above) in order to choose the right license for your insurance agent business.
To outsell the competition, life insurance must be on the agent's mind at all times and must complete the appropriate amount of preparation before each sales meeting with the customer. In return, the agent represents only the company's products and cannot sell policies to a competitor.