Many entry-level insurance agents learn the duties of the job by working alongside more experienced agents. Here are some of the most frequently asked questions by new and aspiring insurance agents:
1. Where can I find out about pre-licensure and licensure requirements in my state?
Each state has an insurance board or commission that can help applicants determine the mandatory requirements in their state. The American Council of Life Insurers provides a list of all 50 state insurance departments on its website.
2. Are there any continuing education requirements to maintain my license?
Yes. Changes in federal insurance laws, insurance benefits programs and other areas can impact client’s needs. Most state insurance boards require agents and brokers to complete continuing education courses to keep abreast of these changes to maintain their licensure. The Institutes Risk & Insurance Knowledge Group provides a list of each state’s continuing education requirements for a wide range of common industry certifications.
3. Are there additional career options once I’ve earned licensure as an insurance agent?
Yes. Insurance agents – especially those who have completed bachelor degree programs – often move on to more advanced careers. These include working as insurance underwriters, actuaries, cost estimators, appraisers, claims adjusters or in risk assessment and risk management.
4. Should I join an insurance industry trade association?
It would be helpful. There are dozens of industry trade organizations that provide members with discounts on continuing education, educational resources, opportunities for professional development and networking, and regional and national conferences where agents can mingle with like-minded peers. These resources can be an important avenue for career growth.
5. What are some of the most important skills needed to succeed in this career?
Agents need to be highly analytical so they can assess their client’s needs. They should be excellent communicators to discuss which policies meet client’s needs and why. They need to be self-starters and actively find new clients and build a book of business to keep commissions flowing. Lastly, they need to have the self-confidence to call potential clients and discuss the benefits of buying new or additional lines of insurance.
OnIT Licensing LLC
745 River Street
Ontonagon, MI 49953
Phone: +1 (912) 353-7013
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