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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REMOTE - Licensed Life Insurance Agents Sales/Telesales United States Wednesday, June 16, 2021 Description Not sure where your insurance career will go due to the COVID-19 pandemic? Looking to use your Life Insurance License? Want to avoid Cold Calling, Door Knocking and Straight Commission, especially right now? Come join a stable, growing team of professional phone based Telesales Agents here at Colonial Penn! This is a captive agent position! As a Colonial Penn Insurance Agent, you will speak with customers responding with interest to our TV commercials, mailing campaigns and ever-expanding web presence, straight from the comfort of your own home! There is no charge for any lead you...
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How To Find A Qualified Life Insurance Advisor All life insurance agents are not the same. Life insurance policies can be complex, so depending on your needs, you need an insurance agent who is qualified to help you find the right policy. Your agent should also be committed to providing ongoing service. There are two main types of insurance agents: Captive agents. These agents primarily represent one specific insurance company. Independent agents. These agents represent multiple insurance companies. This an important distinction, as captive insurance agents will generally recommend policies only from their primary insurance company. Captive insurance agents will in some instances offer...
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A career as an insurance agent is one of the best opportunities up for grabs right now. Working in an insurance company can help you advance professionally, whether it is a temporary job or even a long-term career. If you want to build your career as an insurance agent, it is essential that you know what the daily responsibilities of an insurance agent are. The job description of an insurance agent includes: 1. Data Collection Activities An insurance agent must generate leads. Hence, he needs to indulge in data collection for better connecting with clients and prospects. Data, in this case, means any information on clients and prospects that is an essential source for connecting with them,...
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Life insurance is something every human being needs. From infants to adults, this is an insurance product that you do not want to lack. When the time comes to need term life insurance, it will be too late to go back and obtain it. If permanent life insurance is not within your budget such as whole or universal life policies, then term life insurance is another affordable solution. Speaking with your local independent insurance agent to go over coverages and pricing options is a great first step. What Is Term Life Insurance? There are two options when it comes to life insurance products which are permanent life insurance or a term life insurance policy: Permanent life insurance : This...
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