The Insurance Information Institute reports 2,467,000 people were employed in the insurance industry in 2014 and the U.S. Bureau of Labor Statistics predicts a high job growth rate of 9% for insurance sales agents through 2024. Supported. Purpose. by Simon Mortlock 08 September 2015 Business executives at a presentation in a conference room. They are the people who advice the individuals and enterprises about insurance protection to their health, life and properties and sell the policies to provide protection against financial loss. Average salary (a year) £16,000 Starter. Insurance brokers use their knowledge of the insurance market to help find the right cover, at the best price, for their customers. According to a study by life insurance industry research firm Limra (as reported in the 3/19/10 Wall Street Journal article "A Hot Job for Hard Times: The Life-Insurance Agent"); a life insurance agent typically must expect to spend at least 5 years before they have a good chance of earning over $100,000 per year. Insurance companies are held not in generally high esteem, so there can be hurdles of distrust to overcome, which can come to a head in disputes over paying out claims. Get new job postings, the latest job search tips, trends, news, and exclusive promotions! While the chances of becoming a millionaire are slim for most insurance agents, the average agent makes almost twice the national average salary. Insurance sales agents explain various insurance policies and help clients choose plans that suit them. It helps to know what to expect in a job interview. In the insurance industry, there are nine “gateway” roles that most new grads start in, such Broker, Underwriter, Claims Agent or Actuary, for example, but endless different paths you can pursue within the industry from there. Insurance Underwriter: A Different Insurance Career Path . Independent agents who sell the products of multiple insurance companies are often called "insurance brokers.". Public-speaking classes can be useful in improving sales techniques, and often agents will have taken courses in business, finance, or economics. Insurance Investigators . Trouvez une offre d'emploi. Generally, you’ll also need to be licensed to sell insurance in the state where you work, based on your chosen specialty or “line of authority.” Enrolling in pre-licensing courses while you complete your education can help you get your foot in the door. Insurance agents can specialize – life, health, property and casualty are all lines that offer great opportunities. Being an insurance sales professional is just one of many paths to consider if you’re looking to establish a career in sales. They are not employed by insurance companies, but rather they might receive a commission based on the sale of each policy sold. The foremost choice to open a career in this field is to start as an insurance agent. Each state has its licensing requirements, which vary by the types of insurance that the insurance sales agent will handle. If you’re browsing insurance jobs and wondering how to become an insurance agent, there are specific steps you can take to boost your hireability. Farm Bureau agents find their career path to be fulfilling and rewarding as they help individuals and families within their community protect their livelihoods and futures. Working as an insurance broker or agent can be personally and financially rewarding. Workers can enter the insurance industry with anything from a high school diploma to a graduate degree. From helping clients save for retirement and college for their kids to financing a large purchase like a house or car, ins… As an insurance agent, you get to guide your clients’ decisions on what insurance policy plans best suit their needs. As somebody exploring an insurance sales career, you’ll need to present well, both in person and over the phone. While the amount of people majoring in courses preparing people for a job as a insurance agent isn’t necessarily dropping, fewer and fewer people are applying to become insurance agents in the first place and the workforce itself is looking grim. Insurance Agent Career If an individual finds himself interested in meeting people, enjoying math and has the capacity to work under pressure, he may just be the next best insurance agent. We will notify you by email when your friend (or friends) sign up for FlexJobs and you will get a free month. Insurance agents help people prepare for the future. Strong quantitative and analytic skills are vital. 45. Career Path Guide. This step-by-step process is designed to help you learn more about a variety of possible insurance career paths that align with your goals, interests and skills. PhotoAlto/Eric Audras/Brand X Pictures/Getty Images, Health Insurance Sales Agent Compensation, A Guide to Financial Representative Duties, Pay and More, Livestock Insurance Agent Job Description: Salary, Skills, & More, Get Yourself Covered With an Insurance Career, Insurance Agent Job Description: Salary, Skills, & More. As in other sales fields, those starting out tend to need a larger investment of time to launch their practices. Tell your friends about FlexJobs via email. 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). £80,000 Experienced. Join us & make a difference! 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 ). 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. Globe Life is looking for goal-oriented individuals interested in a career with potential to grow and that has an impact on … Our industry-leading compensation package, bonuses, and incentives make the opportunity even more appealing. Discover the steps and the career path to progress in your career as an Insurance Agent Many agents choose an insurance career specializing in commercial insurance because the premiums and commissions are higher than most personal line payouts. Important Facts About Careers in Health Insurance. 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. Knowing what kind of employer you’ll be working for is essential for one’s insurance sales career. They typically work in office settings, processing sales and claims and reaching out to potential customers.Professional associations / Industry information Like many of the analytical insurance careers on this list, an insurance auditor is often capable of taking advantage of a highly flexible work schedule. Brokers take a more thorough look at their client’s circumstances to determine their specific insurance needs and find affordable, appropriate policies. Career Paths in Insurance The insurance industry employs a large number of people over a range of positions. The industry has been pressing for uniform national licensing standards, to simplify the certification process. Insurance Agent. Learn more about this career path. Start your career as a life insurance agent today. Learn About Being an Insurance Agent. Employers will also try to suss out your knowledge of the industry. Well, it's practically a map that shows how you might advance from one job title to another. Social. The research you do and recommendations you provide have a real impact on a client’s financial well-being down the road. Insurance agents are, for the most part, trained through special courses. Welcome to the Insurance Career Survey! A lot now are semi-independent and some even have their own firms. They’re pretty much exactly what you’d expect a lot of former insurance agents to do. And luckily, we can help! 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. 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 … Here’s the thing about these jobs though — as a list, they’re kind of boring as hell. A direct writer sells policies and products on their employer’s behalf. Be upfront if you’re just beginning on your insurance sales career path. Deciding to become a real estate agent is a major move in anyone’s career journey. Annual Earnings Percentiles. In this piece, we cover an insurance sales career path, types of jobs, salary, companies hiring, and more! 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. Data analysts turn a jumble of complicated numbers into actionable business information. Individuals interested in becoming an insurance agent should consider the options and their own aptitudes before choosing a career path. 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. Strong belief in Family Heritage insurance products is often what draws prospective Sales Professionals to a career with us. Nationwide offers a variety of careers in the insurance industry to choose from, whether your interests lie within finance, marketing, HR, or beyond. What does an insurance agent do? Insurance fraud is a huge problem. Selling insurance is a career path that depends entirely on you. The mandated ratios are 20% or less for individual and small group plans, and 15% or less for large group plans. Typical hours (a week) 41 to 43 a week. Life insurance issued by Farmers New World Life Insurance Company, 3120 139 th Ave SE Ste 300, Bellevue, WA 98005. That means being well-spoken, courteous, a good listener, and responsive in conversations. 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. Do you think becoming an insurance agent is the only opportunity for you in the industry? If so, you’re missing out on a ton of potential career paths. Alternative titles for this job include Insurance agent. Restrictions, exclusions, limits, and conditions apply. 1) Real Estate Investor. Home > Careers > General Insurance Agent > Roadmap to success Roadmap to success With the combination of a well-established brand name, a wealth of training resources, and structured career advancement path, we’ll help you to put your career on the right track. 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. You want to become an Insurance Agent but you don't know where to start? 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. To qualify for AIP membership, an agent must have at least one case with at a minimum of $2,500 in new account sales, or a minimum inception-to-date t... 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