How Do I Become an Insurance Agent in Canada? Selling life insurance may not come immediately to mind when considering one’s career options but for some, it may be a dream career. Life insurance is considered an integral part of the foundation of a long-term financial plan, so it’s a product that people need, whether they know it or not. Life insurance is designed to help loved ones from the financial insecurity that may occur upon the death of a family income earner. It falls to the life insurance agent to help clients understand their individual needs, and guide them toward choosing appropriate life insurance policies to help fill those needs while being mindful of the client’s budget....
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Many people don’t trust life insurance agents. I know because I used to sell life insurance. Despite all of my attempts to educate the people I met with, so they could make the best decision for themselves, and to offer only the amounts and types of insurance coverage they needed, it was tough to convince some of them that I wasn’t trying to take advantage of them. There’s a good reason for that lack of trust: many life insurance sales agents are paid commission only. So it’s not uncommon for some to try to convince consumers to buy expensive products they don’t need. Also, some agents work with only one company, which makes it harder to compare policies and prices. If you’re looking for a...
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Professor John Lopez shared the following article and said“Given the number of insurance companies recruiting on campus I thought this would be a good article to share with students who are considering opportunities in that area.” Becoming a Life Insurance Agent By Ken Clark from Investopedia Few industries outside of the financial services industry offer the potential for relatively inexperienced professionals to make significant income within their first year of employment. Within the financial services industry itself, few careers match the opportunity for as quick and large a paycheck as being a life insurance agent. In fact, a hard-working insurance agent can easily...
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What is Just Dial Verified? "Just Dial/JD verified" means, the information related to name, address, contact details of the business establishments have been verified as existing at the time of registering any advertiser with Just Dial. This verification is solely based on the documents as supplied by an advertiser/s or as per the details contained in Customer Registration Form. We strongly recommend our Users/callers to exercise their discretion...
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Some of the key players who shape the present and the future trajectory of the life insurance industry are the agents who sell policies. These are the individuals who interact daily with life insurance companies and engage with consumers, educating the latter on the fundamentals of life insurance. The data below takes an in-depth look at the professional landscape of life insurance, from agent demographics to the potential for growth in the industry. Employment Within the Insurance Industry (2009 – 2019) While technological advances may signal fewer jobs in some industries, life insurance is not one of them. Because most people prefer to purchase life insurance from agents and...
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A Day in the Life of a Life Insurance Agent Life insurance is an important component of a long-term financial plan, its purpose being to help provide financial protection for loved ones upon the death of an income earner. Life insurance is a contract in which the policyholder agrees to pay premiums to the insurance company. In return, upon the death of the policyholder, the insurance company agrees to pay the designated death benefit to the policy’s named beneficiary (provided the policy is payable under the specified terms). American Income Life Insurance Company (AIL) has been serving working families in the United States, Canada, and New Zealand with our life and supplemental health...
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If you are looking to create a comprehensive financial plan to map out your financial future, then you will probably need to consult with a life insurance agent at some point, especially if you don’t currently have adequate life insurance coverage. Life insurance is considered the foundation for most financial plans, so this person will be a vital part of your financial planning “team.” It is important that you choose an agent with whom you feel comfortable and can trust with your financial information. While there are multiple ways to find a good life insurance agent in today’s marketplace, it’s important to understand what their common titles are and how they differ from each other. This...
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As you get older — and especially once you have a spouse, children or other dependents — securing a life insurance policy is critical. But life insurance is different from other types of insurance policies you might be used to shopping for and there are several to choose from, too. To ensure you’re getting the best-suited plan for your family’s needs, it’s typically best to have a trustworthy agent guide the way. CONSIDERING BUYING LIFE INSURANCE? 4 QUESTIONS TO ASK YOURSELF How to find and verify a life insurance agent There are many ways to find a potential life insurance agent. To start, you might ask family and friends for recommendations. Your...
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Shriram Life Insurance was incorporated in 2005 and it commenced business in 2006. Since the first year of operations, the company made profits for 10 years out of 11 years of completed operations. Shriram Life insurance is the most profitable life insurance company and its performance stands out in efficient use of capital and low cost of operations. Life insurance arm of Shriram Group has carried forward the group philosophy of financial inclusion by penetrating the unexplored segments. Shriram Life has significantly focused on inclusive growth by taking life insurance to the section where it is needed the most -The ‘AAM AADMI’ (Common Man) Sanlam, the second largest insurer in South...
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Insurance agents who sell life and accident & sickness insurance must renew their licence with the Financial Services Regulatory Authority of Ontario (FSRA) every two years. About licence renewals Your life and accident & sickness licence covers a period of two years, after which you will need to renew it to keep your licence active. FSRA will send you an email 60 calendar days before the expiration date to let you know you will need to renew your licence. This is a courtesy reminder – it is your responsibility to know when your licence will expire and to ensure your email address is up to date with FSRA. You can renew your licence at any time during the 60-day window. Note: while...
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