(As of July 4, 2006, the application must be filed electronically and can be obtained from Licensing Link, as noted below.) degree options and guide you through every step of the college selection and enrollment process. It is also important to continue your education. Since relationship selling tends to be more effective, agents, t… Many people are drawn to the insurance industry because of the unlimited potential it offers to those in sales. Speaking with one of our college advisors, you will get personalized advice and explore your Additionally, renew your license. Sales agents may specialize in one type of insurance coverage, such as health, property, life and auto, or they may be well versed in several forms of insurance coverage. These laws vary from state to state, but in general, agents must fulfill the wishes of their clients and communicate if they’re unable to do so. Different forms of licensure are required for the sale of different types of insurance. The general insurance licensing program offers the education required by the Insurance Council of BC to obtain a Level 1 Salesperson Licence - Autoplan and homeowner policy sales. To get the most out of your degree, take courses geared towards a sales career. Earn Transferable Credit & Get your Degree. Web. The requirements vary by state, but typically include completing pre-licensing coursework and passing a state-sanctioned exam. To really shine in your field, get licensed to sell other services and products. Research the education requirements, training information and experience required for starting a career in insurance sales. For example, California applicants for casualty licensure must complete 20 hours of general pre-licensing education, as well as 12 hours of education in the state’s ethics and insurance codes. It's free! The listings below may include sponsored content but are popular choices among our users. All rights reserved. Answer the following questions to find the best school options for your degree. (2020, Mar 10 of publication). In order to sell their product they must also understand it by keeping abreast of the rates and policies that various insurers offer. Insurance Sales Agents made a median salary of $50,600 in 2018. Before you start applying for insurance agent jobs, get your cover letter and resume in order. Securities License Requirements Any securities professional associated with a member firm-including partners, officers, directors, branch managers, department supervisors, and salespersons-must register with the Financial Industry Regulatory Authority (FINRA). For instance, agents can attend a CIC (Certified Insurance Counselors) program that covers essential topics in property, casualty and health insurance, or a CSRM (Certified School Risk Managers) program that teaches the core doctrines of risk management inherent in all insurance deals. Study.com College Advisor that can help you compare costs and options. Insurance Agent Video: Becoming an Insurance Broker or Agent. These programs aim to teach students the basic principles of risk management through coursework in insurance theory and security analysis. ), Study.com / Insurance Sales Agent: Job Description, Duties and Requirements. To become an insurance agent, you need a minimum of a high school diploma. And in this field that has projected employment growth for at least the next decade, states require agents to obtain a license for the state in which he or she will plan to sell insurance. In the event of a claim, agents help their customers file and receive financial compensation for their loss. This involves taking continuing education courses that focus on insurance law, ethics and policies for different types of insurance. Undergraduate applicants must be a high school graduate or have completed GED and completed some college. Before selling insurance in the Unites States, insurance agents must earn licensure from their state of employment. MBA Dual Concentration: HR & Project Mgmt. Any major is acceptable, though courses in business, economics and finance are beneficial. Some states also require license applicants to be sponsored by an employer. Study.com College Advisor that can help you compare costs and options. (2020, Jan 22 of publication). Want expert, personalized advice that can save you a lot of time and money? Connect with According to the U.S. Bureau of Labor Statistics, the projected job growth for this field for the years 2018-2028 is 10% and the median annual wage for insurance sales agents in May 2018 was $50,600. The primary task of an insurance sales agent is selling his or her product to interested parties. Long-Term Care Partnership Training Requirements Health licensees who wish to sell, solicit or negotiate Long-Term Care Insurance are required to complete a one-time 8 hour training course followed by an ongoing 4 hour refresher course during each 24 month period thereafter. While it can take time to build a book of clients, and we tell agents to count on the first few years not being lucrative, there is endless potential to make money in the long term. Evenings and weekends may often be spent completing paperwork or meeting with clients whose schedules don't allow for weekday appointments. "How to Become an Insurance Salesperson: Education and Career Roadmap." The National Alliance for Insurance Education and Research also offers several types of industry-recognized certification designations that insurance sales agents may earn to signify their expertise in the field. Learn how to become an insurance salesperson. Getting into the insurance sales career requires a minimum of a high school diploma, though many insurance salespeople hold bachelor's degrees. Insurance sales agents operate as independent brokers or work for insurance companies selling life, auto, home and related insurance coverage to consumers. Insurance sales agents help insurance companies generate new business by contacting potential customers and selling one or more types of insurance. Life insurance, car insurance, home insurance, or business insurance all require a license to sell in any state. 10 Dec 2020 accessed. To accomplish this task, insurance agents must be active in seeking out new clients and explaining types of coverage they may find helpful. CB-114 for further details. Insurance sales agents must have a license in the states where they work. Along with insurance, these salespeople can sell annuities, mutual funds and financial planning services, like estate planning for elderly clients. In 2018, the U.S. Bureau of Labor Statistics or BLS reported 475,900 insurance sales agents working in the United States. 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