5 answers

Are there a lot of job openings for insurance agents right now?

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6
100% of 5 Pros
100% of 1 Students

5 answers

Carrie’s Answer

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Hi Drake-
I agree with the advice given to you already. As an independent agent, building your book of business can be a long but rewarding process. However, there are other types of insurance-related positions that you may not know about. For example, I work at AIG, and one of our subsidiaries provides retirement plans (401k, 403b, 457b) for businesses - schools, colleges, etc. As part of our service package, we provide access to financial advisors, who are very well versed in insurance products and educate their clients about the types of insurance that might be helpful to them as they prepare for retirement. Granted they are financial advisors, but many of them hold the same licenses as independent insurance agents.

So to answer your question, yes, there are many openings in this field.

Carrie recommends the following next steps:

  • Schedule some time to talk with an insurance agent about career path
  • Meet with a career counselor at a college/community college for degree info and/or career fairs
Thank you! This helps a lot! Drake D. Translate
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Jay’s Answer

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I have been a life insurance agent for my entire 20 year career. Its a wonderful profession. But it is hard work... and not everyone is cut out for it.

The short answer is GETTING a job selling insurance is easy. KEEPING that job it hard....

The insurance industry has taken the strategy of hiring loads of young agents, with the understanding that maybe 10% will stick with it. Just about anyone with a pulse can get the job. These jobs do not have a salary. Your income is a portion of the revenue from what you sell. So they hire you at monetary cost to themselves. You take all the risk.

Its my opinion is that a huge percentage of insurance agents are interested far more in their commission than their client. That is a sure recipe for failure. The key to success is learning how to put the client's needs ahead of your own. People have great intuition; they know when they cannot trust you. Do the right thing for your client and in time you can find success. If you are good it can be quite lucrative.

Best of luck, Jay Woodall CFP, CLU
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Jennifer’s Answer

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The career of an insurance agent is very entrepreneurial in nature and very sales oriented so I would say yes, most likely there are quite a few job opportunities available right now. It might help to have an idea of what type of insurance you would like to sell - life and/or health insurance, property and casualty insurance, or personal lines (auto, home, etc.). Each of these different areas of the insurance industry has different licenses and educational requirements so knowing which area you want to specialize in can save you a lot of time and energy.

Jennifer recommends the following next steps:

  • Search the career/job websites to see what is available for entry level insurance sales. If you don't see anything you like you might want to look at working in an insurance agency or for an insurance carrier/company to get a sense if you would like to be an agent.
Thank you so much! Drake D. Translate
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Elizabeth A. C.’s Answer

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According to the Bureau of Labor Statistics, employment of insurance sales agents is expected to increase by 10% over the next 10 years. This is slightly higher than the average for other occupations (e.g. sales and related occupations are expected to grow by 7%). With the advances being made in InsureTech, many clients are doing their own research and purchasing insurance online. However, insurance agents will still be needed to help clients understand their options and choose the policy that is right for them.
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Pat’s Answer

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There are always jobs available in the Insurance industry. While this can be through a broker agency or as an independent agent, I have found that if you can find an openings on the health insurance carrier side, that will allow you to gain the most experience as well as allow for the most opportunities in the future. Health carriers work with all types of insurance not just medical. They also work with independent agents, large broker firms, hospital systems and providers, so you are constantly making connections that can benefit you from both an experience and relationship standpoint.
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