Step 1: Select the Type of Insurance You Want to
Offer
Choosing the insurance type or types in which you
want to specialize should be your first priority. These are referred to as
"lines of authority" in the industry. Here is a list of the most
frequent:
- Life insurance:
Selling insurance policies and annuities with provisions for a beneficiary
once the insured person passes away.
- Health insurance: selling long-term care,
medical, disability, and Medicare supplements.
- Property insurance: Selling coverage for
inland marine, commercial property, and homeowners.
- Casualty insurance: Selling coverage for
inland marine, commercial property, and homeowners.
- Variable products insurance: selling investment-related
insurance products. You need specific qualifications to sell this type of
insurance. securities licenses.
- Personal lines insurance: selling only to individual
customers such items as auto insurance, house insurance, renters
insurance, and plans for boats, motorbikes, and snowmobiles.
Another
option is becoming an adjuster, This is the activity of looking into
and resolving insurance claim disputes. Also pursuing the adjustment business
are insurance adjusters.
You don't
always have to choose a single line of authority. Some insurance lines, like
property and casualty insurance, are frequently combined by individuals.
Are you
considering a career in insurance? Get this free download Launching Your Insurance Career eBook.
Step 2: Understand the General Requirements
Once
you've chosen the type of insurance agent you want to work with, the following
is what you must know:
- A minimum age of 18 is
required to work as an insurance agent.
- Each state has different
requirements for prelicensing education depending on your line of
authority. By state, there are additional differences in the required
hours and fees.
- You must pass the state
insurance licensure examination for your area of responsibility. A prelicensing exam preparation
package can help.
- You must pass a background
investigation. The procedure varies from state to state and occasionally
involves fingerprinting.
- To keep or renew your
license, you must complete continuous education.
Step 3:
Decide on a State and Find Out Its Requirements
It's time
to choose whether you want to sell insurance in your home state or another
state now that you have a general concept of what you must do. (You may sell in
many states, but you must follow their regulations in each.) This is why
choosing where is so crucial: as you saw in Step 2, each state oversees its own
insurance license procedure, and each state's regulations or rules are slightly
different.
You may
learn more about the types of continuing education requirements for each state
on its website.
Step 4: Research Agencies
Additionally,
this is the time to look into any organizations you might like to work for. If
you want to work there, you should be aware that many have extra guidelines
that applicants or agents must adhere to. Additionally, certain organizations
may require you to follow particular procedures if they recruit you before you
obtain a license.
Step 5: Provide the fast track to Insurance Agent
Success
Your
state's insurance exam was passed. The moment has come to concentrate on your
company. Take Kaplan's Insurance Accelerator course, which will teach you the
tasks an agent must complete every day, every week, and every month in order to
run a profitable insurance company. You will leave this course with the same
business-building skills that the nation's top insurance agents use.
Step 6: Pass Your State Exam and Apply at Insurance
Agencies
You've
done your study and are certain of your goals. So, it's time to venture outside
and obtain the hours of education taken
and passed if necessary by the state and agency of your choice. You are
prepared for an interesting and fulfilling profession as an insurance agent
because you have your license and the necessary expertise. Good luck, and don't
forget to maintain your commitment to lifelong learning.
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