Career Scope of an Insurance Agent

Career Scope of an Insurance Agent

In the US, insurance no doubt, has a prominent role to play in people's lives. We need it to protect our lives, our livelihood, our property, our jobs, our health, our medical bills etc. Since this is such an indispensable part of our lives, it accurately hints at the growing prospects of the sunshine career-insurance.

There are more and more insurance companies in the market, battling for their share of the market share. But the ones that will actually stay are those that provide exceptional service. So it all boils down to the insurance agent who does his job well. Though there is enough brainstorming done by people at higher levels, it is the agent who actually sells insurance and brings profit to the company. So the insurance agent is decisive to the success of an insurance company.

There are bright prospects for these people in this industry. People can work for insurance as agents for the company and come under their payroll or work in a freelance basis. Also known as insurance advisers, these peo can select the kind of insurance that they like to sell; it is not enforced on them to sell life insurance only, unless they are specifically for a life insurance company. Apart from selling, they have to prepare reports, maintain records etc. They are also responsible for helping people in making claims for their policy.

In fact, the sensitive nature of the insurance agent in helping out a person with his or her claim is something that makes him popular among people. To sell is half the work, to remind people about renewing their insurance and helping them with the claims settlement is the other half of the job.

It is up to you to go for the insurance field that caters to your interest. For instance, if you selling life insurance you can also sell health insurance. There is something called 'critical illness insurance' which can come as a rider along with life insurance or it can be a separate form of insurance altogether. You have to explain this point to the people and be transparent about the benefits and exclusions in the insurance.

Insurance are now also being looked upon as an investment vehicle. So you can also teach or guide people in financial planning by helping them select the right unit-linked policies, pension schemes and other investment plans.

Compared to most countries, insurance is given a lot of importance in the US, which augurs well for insurance agents. Best performing agents have broader market penetration and a lot of goodwill in the market. There have been success stories of many insurance agents who have risen swiftly up the corporate ladder or even started their own independent, lucrative freelance insurance businesses. If you wish to be an insurance agent, go to an online job portal, fill in your details, your most likely specialization, your skill-set (communication, writing etc) and you will definitely find a lucrative post in a good insurance company.

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