Insurance companies are growing better, stronger, and more accommodating with the advancements of new businesses, especially for real estate and other asset management industries. Anyone can take advantage of this growth to become an insurance agent without complex processes. Starting your career as an insurance agent can be very enjoyable, either you are a new professional or one who wants to explore a new aspect; this depends on your area of emphasis, though. An enjoyable one is the new estate insurance because you get to meet flexible and interesting clients. Umbrella Brokers provide an appealing package and experience for such. Here are six steps to become an insurance agent:
1. Decide what kind of insurance agent that you want to be
You have to make findings by passion and what you think would be convenient for you to do. So, you have to decide what type of agent you want to be from the two options: captive and independent.
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A captive agent works with one company, usually a large coverage provider. The benefit is that the company provides field and office training and support you as their agent. You may be required to sign a non-compete agreement form to officially record that you are bound to work for just one company. An independent insurance agent, on the other hand, is one who works with multiple insurance companies. S/he is also known as an insurance broker. The agent would reach out to clients and provide them with the quotes of multiple insurance companies and the client choose what they consider to be the best package.
2. Pick the insurance products to sell
There are diverse insurance policies, either personal or commercial, that you can choose to render as your service. Pick one. With personal insurance, you will focus on family and individual coverages and their properties. Commercial insurance, however, means you would provide insurance coverage for businesses.
3. Check and fulfill your state’s eligibility
Take time to find out about the licensing requirements of the state where you intend to practice. It is better to find out what the requirements are before you begin your licensing process, as per your service rendition. Your career focus may also require that you have multiple licenses. Insurance proves your credibility.
4. Take a licensing exam
Having read through and fulfilled your eligibility requirements, your state, would most likely require that you take an exam. Many states provide pre-licensing classes, which can be online or provided material. After the class, you can proceed to schedule your insurance exam.
5. Submit your licensing application for review
After you have passed the exam, you need to submit all your state’s licensing requirements for the application to the licensing department of the state. The department is expected to run background checks on you, which would include your biodata.
6. Hi, what can you offer us?
Now, you have made your choice and you are licensed. You can now apply to insurance agencies and brokerages and prepare your answer to the question, “what can you offer us?” You can apply to small and local brokerages and your dreams can be as high as regional office centers of insurance agencies.
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