Some people chose to take an insurance licensing exam and become an independent agent without working for any insurance company. This is a bold move that can prove extremely difficult.
Is being an independent insurance agent worth it?
The independent insurance agent career allows time for family, hobbies, and other activities. It is true, the first couple of years in the business, you won’t’ have much time for anything. You will work harder than you have ever worked if you want to be successful, but the rewards are worth it.
How do I become an independent insurance agent?
Below are the exact steps you need to follow to become an independent insurance agent and succeed in the financial services industry. Complete your licensing requirements. Buy an Pre license exam prep course, take your licensing exam, and get your insurance license. Get started here.
Why do insurance agents quit?
26.2% voted a lack of money for leads as their primary reason why they quit. Less important reasons agents quit selling insurance include running out of prospects, personal issues like health problems, and discovering the business wasn’t a right fit.
Why do insurance agents earn so much?
Because the amount of money insurance agents earn is comprised largely of commissions and bonuses, the number of sales an insurance agent makes is the biggest factor that contributes to the disparity between the highest and lowest paid of insurance agents.
What is the most profitable insurance to sell?
The Most Profitable Insurance to Sell
- It should not come as a big surprise that auto insurance is the best selling and most profitable insurance product. …
- Property or home insurance typically covers anything that can pose a risk to your clients’ property like theft, flood, fire, and inclement weather.
What type of insurance agent makes the most money?
100% The sales commission life insurance agents might earn in the first year if they are on a commission-only salary; that’s the highest commission for any type of insurance.
Why independent insurance agents are better?
They give you a choice – Independent agents represent many different insurance companies that offer a wide variety of coverage options and price points. … With their connections and their knowledge of the market, agents can often find a better value for your insurance dollar than you might find searching on your own.
Do State Farm agents make good money?
The average salary of a successful State Farm agent is $44,400 annually. But they can range from $5000 to a whopping big value of $188,500 depending on your competency in the field.
How do I start selling insurance?
How to become a licensed insurance agent
- Decide what kind of insurance agent you want to be. …
- Decide which insurance products you will sell. …
- Review your state’s licensing requirements. …
- Take an insurance license exam. …
- Submit your licensing application and background check.
Are insurance agents happy?
Insurance sales agents are one of the least happy careers in the United States. As it turns out, insurance sales agents rate their career happiness 2.3 out of 5 stars which puts them in the bottom 2% of careers. …
Is selling insurance a good career opportunity?
Due to the low barriers of entry, insurance sales is a good career choice for people who are transitioning into a new career following a major life change. … A college degree is preferred but is not required in many insurance firms. Unlike many other finance-related positions, prior experience is also not required.
Is being an insurance agent stressful?
Though not listed among the 10 worst jobs in America, insurance agents ranked a dismal 155 out of 200. … Though stress for agents is relatively average (36.540), work environment suffers (62.7) and the occupation ranks below such professions as casher (with an overall score of 415) and dishwasher (458).