Life insurance agents are responsible for selling life insurance policies to individuals and families. They work with clients to assess their needs and recommend the best policy for their situation. Agents must be knowledgeable about the different types of life insurance policies available, as well as the benefits and drawbacks of each. They must also be able to build relationships with clients and earn their trust.
There are two main types of life insurance agents: independent agents and captive agents. Independent agents represent multiple insurance companies, while captive agents represent only one insurance company. Independent agents have more flexibility and can offer a wider range of products to their clients. However, they may also have to pay higher fees and may not have the same level of support from their insurance company as captive agents.
Captive agents are typically employed by a single insurance company and work exclusively with that company's products. They may have less flexibility than independent agents, but they often have more support from their insurance company and may be able to offer lower premiums to their clients.
To become a life insurance agent, you must be at least 18 years old and have a high school diploma or equivalent. You must also pass the Life Insurance Agent Exam in your state. Once you have obtained your license, you will need to complete additional training from your insurance company.
Life insurance agents typically earn a commission on the policies they sell. The amount of commission you earn will vary depending on the type of policy you sell, the insurance company you represent, and your experience level.
If you are interested in a career as a life insurance agent, there are many resources available to help you get started. You can contact your state's insurance department for information on licensing requirements. You can also contact the National Association of Insurance and Financial Advisors (NAIFA) for more information on the industry.
Life insurance agents are responsible for selling and servicing life insurance policies to individuals and families. They work with clients to assess their needs and recommend policies that provide adequate coverage. Life insurance agents typically work on a commission basis, earning a percentage of the premiums paid by their clients.
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