Selling insurance is a rewarding profession, both in terms of financial and personal satisfaction. But it also causes a lot of stress. Read on to learn how to handle it. Did you know that working in the insurance industry is one of the most stressful jobs in the United States?Jobs in the insurance industry are among the most stressful, ranking No.
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. Like agents, insurance brokers act as middlemen between buyers and insurance companies. This is a summary of the fees insurance agents receive for different types of insurance products.
This type of sales professional usually has contracts with insurance companies that detail what policies they can sell and how much they can earn from selling insurance. Most insurance companies and brokerage firms also offer training and mentoring programs for new employees to help them learn the ins and outs of the job. In the case of insurance brokers, insurers usually pay between 2% and 8% of the policy's annual premiums, according to state regulations. Among those leaving the insurance industry, the most frequently cited reasons are issues of work-life balance and compensation, according to a Vertafore study that evaluated the state of the workforce of independent insurance agencies over the past four years.
