There are some great reasons why a career in life insurance is a smart move. The life insurance industry is a growing industry that offers a diverse marketplace. You can be very successful with little to no previous experience, and it provides incredible opportunities both personally and professionally. Although there are dozens of reasons why becoming a life insurance agent is a great career choice, here are five essential ones.
1. UNLIMITED EARNING POTENTIAL
Let's get right to answering the question on everyone's mind. Is there money to be made as a life insurance agent? The simple answer is... YES! More importantly, you get to control how much income you can make. You will get out of this business what you put into it. The more time and effort you put into it, the more money you can make. Some of the most successful agents can have no prior experience. With the proper tools, training, and support, you have the opportunity to exponentially grow your income compared to other professions such as real estate agents, teachers, and nurses, to name a few.
Your income has unlimited potential as you grow your business by selling additional products to your clients, recruiting and growing your own team, and receiving bonus opportunities and other incentive programs. Your compensation will continue to grow as your client list increases. All you need is a little entrepreneurial spirit and a desire to succeed.
Gone are the days of working 9 to 5 Monday through Friday. This is not a traditional career; this is your own business. You can work full-time or part-time. You can work on the weekends as you transition from your current job. You can adjust your schedule to meet your personal needs and those of your clients.
Work-life balance has become crucial to long-term happiness. Can you imagine having the opportunity to be in such control of your income yet having the time to be the coach for your son's soccer team, being there to help your daughter on her school projects, or taking time off to travel with your family when you want to?
3. MAKING A DIFFERENCE
Life insurance is an essential part of everyone's life, but many people don't realize that until it's too late. Some people procrastinate about getting life insurance, while others believe it's out of their financial reach. As a life insurance agent, you get to help your clients by educating and guiding them through the process that will help them determine which plan is best for their needs and goals.
Believe it or not, life insurance is not just for protecting the people you love after you are gone. Some programs help your clients in other ways too. One of the most essential programs can help people prepare for their future and secure their retirement dreams. It's a special feeling when you know that you have helped a family prepare for their future.
4. YOU DON'T HAVE TO GO IT ALONE
Although being a life insurance agent is like owning your own business, you can also have the support you deserve. By joining the right agency, you will be offered the tools, training, and help to ensure your success. This is probably the most critical step in the early stages of your life insurance career. Too often, agencies do a great job in recruiting but have no real support.
Don't be fooled into joining the wrong agency and being lured in by hearing about how much money the top producers are making. You deserve the proper tools that will help you grow your business, as well as the training to hone your skills to be the best in the industry. It would be best if you also had the support you need from time to time to assist you when you need help.
5. CAPTIVE LEADS
Like any good entrepreneur, you'll want to speak to your friends, neighbors, and family about their life insurance needs. After that, what is the next step to growing your business? Some traditional agencies will sell you leads. However, there is a captive audience with whom you can work when your agency specializes in retirement services. School employees, nonprofits, municipalities, and churches can use some life insurance product
s to supplement retirement savings. These industries are under-served and are a valuable resource for the life insurance agent that has joined the right agency.
Working as a life insurance agent can be rewarding both financially and personally. It's a fulfilling career choice as you can make a difference in the future of families. From meeting new people to selling various products, there is always something new and exciting happening within the insurance industry.
If you are interested in learning more about becoming an insurance agent or want to find out what makes ValuTeachers different, we would love to have a conversation with you.