Insurance Agent Career Path Guide
Are you looking to start a new career path? You should consider starting an insurance agent career.
There are many benefits to becoming an insurance agent. This career path offers competitive pay, a great job outlook, and flexibility.
In this blog, we break down everything you need to know before starting your career. Continue reading if you want to learn more about insurance agents.
What is an Insurance Agent?
An insurance agent works with potential clients to sell them insurance. They assist clients by explaining insurance policies and helping them with policy renewals. This allows the insurance agent to aid the client in choosing the right policy plans.
Some of their other daily tasks insurance agents include:
- Call clients
- Maintain client relationships
- Customize insurance plans
- Maintain paper and electronic records
Each type of insurance agent deal with similar daily tasks. Here are the different types of insurance agents:
- Property and casualty agents
- Life insurance agent
- Captive agents
- Health and long-term care agents
- Independent insurance agents
How to Become an Insurance Agent
An insurance agent’s education requirements vary among insurance companies. A high school diploma allows you to become an insurance agent.
Most insurance companies prefer you to have a bachelor’s degree. Some common majors are business, communications, and psychology. Postsecondary education can help drive business sales for the company.
When entering your career as an insurance agent you will have to do training. The training will be on the job, and you will shadow experienced agents. You can find out more about the experiences through this link: https://artlifeinsurance.com/about-us-alia/
Since government and laws change your education is ongoing as an agent. You will comply with licenses and registrations implemented by your state. This will allow you to work as an insurance agent.
Salary of an Insurance Agent
According to the U.S Bureau of Labor Statistics, the average salary for insurance agents is $49, 840. The salary of an insurance agent relies on what policies their clients have.
For insurance agents the most common type of compensation is commissions. The amount of commission is reliant on the quantity of the insurance sold.
Another great perk is that insurance agents make bonuses. They make bonuses when they hit profit goals at their company.
Job Outlook for Insurance Agents
The job outlook for insurance agents will increase between 2020 to 2030. There is an expectation that jobs will grow by 7 percent.
Due to the growth, there will be approximately 50, 400 job openings each year. This growth is the result of people retiring or transferring careers.
Learn More About an Insurance Agent Career
We hope you learned more about starting an insurance agent career. The flexibility of becoming an insurance agent reaps many benefits.
If you would like to learn more about similar topics, check out our other blogs. We write about careers and education regularly. We love keeping our readers informed about the latest topics out there.
