Insurance Staffing Services Hockessin DE
How to become an Insurance Agent
Every insurance agent who engages in selling or negotiation of insurance must obtain a State issued license. The requirement for a license varies by state but typically the potential agent is required to have some insurance related course work and must pass several examinations. Some agents are hired right out of college, but more often an individual is hired as a customer service representative and is later promoted to a sales position.
A separate license is required to sell casualty, property and life and health insurance. Most states will only issue a license to applicants who have completed specified pre-licensing courses and who pass the stated tests covering insurance fundamentals and the state insurance laws.
The industry is become more and more uniform from state to state. This will make it easier for an agent who becomes licensed in one state to obtain their license in other states. Furthermore most states also require agents to take mandatory continuing education covering such topics as insurance laws, consumer protection, ethics and the technical details of various insurance policies.
What does an Insurance Agent do?
The job of an insurance agent is to help clients choose insurance policies that suit their needs. The clients can be individuals and families as well as businesses. An insurance agent that works for an insurance company is called a captive agent and can only sell that company's insurance. Independent agents can represent several companies. There are several types of insurance including property and casualty, life, health, disability and long term care insurance.
Many agents are branching out to sell mutual funds, variable annuities and other securities as well. Some even offer comprehensive financial planning services to their clients. Some of these services include planning for retirement, estate planning and assistance in setting up pension plans for businesses. Though this practice is most common with life insurance agents who already sell annuities, however many property and casualty agents also sell financial products.
What skills or qualities do I need to become an Insurance Agent?
The most important qualities include good communication skills and the agent must be honest and trustworthy. The client is not going to purchase insurance if they cannot communicate easily with the agent or if they just do not feel comfortable with them.
The licensing is a must have requirement. The agent must obtain a license from the state where they plan to work. Since there is an ever increasing demand for financial products and financial planning, agents are choosing to broaden their scope by getting a license to sell securities and other financial products. To do this the agent is required to take on substantial study and pass an additional examination. This would be either the Series 6 or Series 7 licensing exam. These are both administered by the National Associ...