Becoming a life and health insurance agent?
Question:
I also have alot of questions such as:
after I get my license and start working what can I expect? Is it competitive like the Real estate business?
Is it strictly commision based?
I am 21 female with a very friendly, easy going personality.
Will that be a good or bad contribution to the job?
Does the money usually make all your effors worth it?
The company I contacted told me to call kaplan financial to get licensed. Kaplan said that I would need to pay around 200 something to take the classes. I am a little apprehensive, because I see alot of places that are capitalizing on the desperate need of people to find jobs.
I cant think of anything more at the moment but if there is anything that a working professional can tell me more about this field I would really appreciate it.
I also plan on getting my notary and real estate as well as loan agent license after this.
Answer:
Check out other answers on this topic from the past. It's a great business if you make it, but very few make it.
Good luck
After you get your license, you have to find companies willing to let you sell their insurance.
It's HIGHLY competitive. For the most part, it's strictly commission.
Most of the "easy going" people I've worked with have been rotten salespeople. It's the type a's who tend to put in the 80 hour weeks you need to start out with.
Eventually, the money is worht it.
GEtting the notary and real estate and loan agent license is NOT a bonus - it's more someone who has no clue what they want out of life.
I'd suggest instead, getting a JOB at an agency, and watching how things work. Learn about it. Get a job at a real estate agency, see how that works. Learn while you're being paid. THEN make your decision about which way to go. BTW, being a notary isn't WORTH anything, money wise. It's a courtesy, not a moneymaker. You won't get paid any extra for being a notary, and "notary work" is likely to detract from your regular job duties, so it's NOT a plus.
What state are you in? I used Kaplan for my series 6 and 63 and was very happy with the course.
Look through the getting started selling insurance thread at www.insurance-forums.net/forum You can learn a lot there about what it takes to start up.
In order to get into the insurance industry, you need a license, issued by your state.
The price is about right, it varies by state. The reason you need a license is because the insurance industry is a very regulated industry. In California, we attend 52 hours of training BEFORE getting licensed and taking the test.
You're only 21, so I can see why you wouldn't know about the industry, but just like real estate and attorneys, you need a license to sell.
You need an entreprenuerial mentality, so if you are the type to wait for business to come, it's not for you.
You mentioned that you are personable and friendly, which are great skills for networking, so you might do very well. It doesn't matter if you are female or male, personality counts.
You need to be coachable, learn from the pros. Don't let someone train you if they aren't successful, only copy those that are.
$200 is nothing compared to how much you would pay for tuition and books. It's a great industry, and you can make a career out of it, BUT you have to do the work.
Look forward to making a 6 figure income if you decide to go into the insurance industry.
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