what does an insurance sales agent do exactly?
I don’t know much about this field. I have a meeting with someone from Bankers Life and Casualty company. Is this a good company to work for? If not what are other good companies out there? Do you get paid by commission or how does it work? Is this an easy career and are there opportunities for advancement in this field? Any info that you can give me will be appreciated. Thanks.
Well insurance is a tough industry to break into but can be VERY rewarding if you are hard working and persistent.
An agent will provide their clients with professional advice on which types of insurance to buy, what limits to buy, and then they obtain quotes and provide them with their options.
In this case you would only be representing Bankers Insurance. (Bankers is the insurance company) you are a representative acting on behalf of Bankers. There are pro’s and con’s to working for one direct company:
Pro: you can learn the products and coverage very well as you work with the same products day in and day out.
Con: You work with the same product day in and day out
Sounds stupid but an independent broker (what I do) has access to multiple and often times dozens of different insurance companies to shop to on behalf of their client. So I can go out and get mutiple quotes from various insurance companies and more often then not find the solution for my client.
If Bankers does not offer the solution your prospect is looking for…then what? You don’t get the sale thats what.
I would recommend being an independant broker over a direct agent but thats just my opinion.
As for your pay, if you decide to get into the lucrative insurance industry ask for a base salary. This is guaranteed money and you are not working off commissions up front. They might offer you a draw which is similar to a salary but you are paid based off your performance and/or the amount of policies you sell and if those policies cancel you owe that money back (don’t go this route).
I have a friend that worked for Bankers they paid him off commissions only. right now this is a tough tough way to survive.
Good luck
July 17th, 2010 at 4:09 am
Insurance agents play golf and answer Yahoo Answers.
What you do is advise (and hopefully sell) clients on insurance matters. As a new hire, they’ll probably give you a bunch of lead cards to call on. I always hate doing that, but they make you sink or swim. It’s not a terribly tough career, but a lot of people are in it that don’t belong.
References :
July 17th, 2010 at 4:24 am
see here for answer
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References :
http://autotechnology-business.blogspot.com/
July 17th, 2010 at 4:30 am
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References :
http://www.nationalmedicaresupplements.com
http://www.texasbestmedicare.com/.
July 17th, 2010 at 5:11 am
thanks
References :
http://www.insurance.2arz.com
July 17th, 2010 at 5:23 am
Well insurance is a tough industry to break into but can be VERY rewarding if you are hard working and persistent.
An agent will provide their clients with professional advice on which types of insurance to buy, what limits to buy, and then they obtain quotes and provide them with their options.
In this case you would only be representing Bankers Insurance. (Bankers is the insurance company) you are a representative acting on behalf of Bankers. There are pro’s and con’s to working for one direct company:
Pro: you can learn the products and coverage very well as you work with the same products day in and day out.
Con: You work with the same product day in and day out
Sounds stupid but an independent broker (what I do) has access to multiple and often times dozens of different insurance companies to shop to on behalf of their client. So I can go out and get mutiple quotes from various insurance companies and more often then not find the solution for my client.
If Bankers does not offer the solution your prospect is looking for…then what? You don’t get the sale thats what.
I would recommend being an independant broker over a direct agent but thats just my opinion.
As for your pay, if you decide to get into the lucrative insurance industry ask for a base salary. This is guaranteed money and you are not working off commissions up front. They might offer you a draw which is similar to a salary but you are paid based off your performance and/or the amount of policies you sell and if those policies cancel you owe that money back (don’t go this route).
I have a friend that worked for Bankers they paid him off commissions only. right now this is a tough tough way to survive.
Good luck
References :
Commercial Broker – 6 years