At this time of the year, you may come across many insurance agents in-person or through advertisements. Why? It is the busiest time of the year for insurance agents, especially those specializing in Medicare and individual health insurance. Seeing them in stores and on your social media feed may pique your interest in what insurance agents do and how you can become one yourself.
What is an insurance agent?
An insurance agent is an individual that represents various insurance companies and sells their policies for a commission. They can either work full-time at an agency or as independent contractors.
They represent the insurance company during the transaction while simultaneously helping the client find the perfect coverage for their needs.
There are two types of insurance agents:
- Captive agents – They typically represent only one insurance company.
- Independent insurance agents – These types of agents represent more than one carrier.
Both captive and independent agents work on commission and help clients by choosing the best insurance plan for them.
Why would you want to be an insurance agent?
Insurance is a promising industry for those looking for a full-time job or a side hustle. Here are a few reasons why people think so!
With the world being so automated, insurance agents still play an important role because most clients want to discuss their options face-to-face with a trusted expert. Amid many changes, it is hard to imagine a world that does not need insurance. People will always want to protect and provide for their loved ones’ needs. Having an insurance policy does exactly that.
Flexibility and Freedom
Unlike most other professions, as an independent insurance agent, you do not have to clock in and clock out on a time card. You will get to determine your schedule. The only downside of this lack of structure is that you are entirely responsible for your success. You will only get as much as you put in. Therefore, for some, it can be an extremely successful opportunity, and for others, not so much.
If you were to ask any insurance agent on the street, in 9 out of 10 instances, they would say that the best part of their job is helping people. As an agent, you are helping others when they need it the most. Although you can’t know when tragedy will strike, you will be able to know that whenever it does, you were able to help them in some significant way.
Ready to Get Started?
If you think you might want to try your hand at being an insurance agent, you are in luck! Empower Brokerage offers a free virtual licensing exam prep class every other month. This two-day weekend class prepares you for your state insurance licensing exam. With a 95% success rate, this is a perfect opportunity to start on a new career path.
We hope that this information on being an insurance agent is useful to you.
Empower Brokerage is dedicated to helping you make informed decisions about your health and finances. Whether it’s through webinar training, one-on-one calls, seminars, or marketing plans, we want you to be successful!
Give us a call at 888-539-1633 or leave a comment below if you have any questions.
Kayla is a graduate of Texas A&M University and joined the marketing team at Empower Brokerage in early 2021. She creates content for the company websites and assists with various marketing campaigns. LinkedIn Profile