Personal insurance sales (life, health, etc.) Even in a polarized political climate, the long-term outlook for the sale of private and supplemental life insurance remains high. In our opinion, it doesn't hurt that insurance is a lucrative business. You can earn commissions for the plans you sell, so you decide how much you want to spend. You can also make more money with constant renewals, so it pays to have loyal, long-term customers. You don't even need a college degree to get started, you just have to be willing to put in the effort.
You may also experience constant pressure to meet different quotas and objectives. The highly competitive nature of the profession can create a work environment that often leads to stress and exhaustion. This type of sales professional often has contracts with insurance companies that detail what policies they can sell and how much they can earn from selling insurance. This is a summary of the fees insurance agents receive for different types of insurance products. Older people aren't the only ones who benefit from having access to health insurance through an independent agent, like you.
However, selling health insurance also has its advantages, which you may witness, but may not experience for yourself. The best insurance agents work with their clients' schedules and adjust their own schedules to fit the needs of their customers. It's important to remember that there are several types of insurance agents and to weigh all your options when considering this career. In addition, independent agents can partner with leading field marketing (FMO) organizations, such as Ritter Insurance Marketing, to help them thrive in the field. For insurance brokers, insurers typically pay between 2% and 8% of annual policy premiums, depending on state regulations.
Every day, more people are reaching the generation that qualifies for Medicare and, as for those who haven't yet, more people qualify for an affordable health insurance plan along with new ACA companies and additional consumer protections. There are generally two types of industry professionals who sell insurance: insurance agents and insurance brokers. Given the competitive market, it's also very likely that several other insurance agents have already contacted the potential customers you encounter. From nutrition and fitness to mental health and chronic disease management, Healthline Web empowers readers to make informed health decisions and adopt healthier lifestyles with engaging, easy-to-use content designed for everyone.
The Bureau of Labor Statistics (BLS) predicts that the employment of insurance agents will increase by about 8% over the next decade, creating approximately 42,500 jobs each year.
