Most people are amazed when they find out how huge the demand for life insurance is. In the United States alone, the industry for life insurance and annuities generates over $1 trillion worth of revenue every single year! Throughout the country, more than 340,000 people work in the life insurance industry.
That is a lot of people who have decided that selling life insurance is right for them. But what is it about selling life insurance that is such an attractive prospect to so many people?
People who are familiar with the industry understand well that selling life insurance provides a lifestyle that has a lot to offer a lot of people. Although it may not be suitable for everyone, many people find that they discover what is missing from their work life when they start working in life insurance.
So what kind of benefits can you enjoy when you work as a life insurance agent? Read on to learn about the most powerful advantages that come from working in this vibrant industry!
Life Insurance Agents Enjoy Job Security
There are very few industries in the world that create over $1 trillion in revenue every year. That is a testament to the persistent and enormous demand for life insurance. That is also a strong indicator that life insurance agents have plenty of job security.
Although it is always nice to have job security, it may be even more important in these times. Many experts are expecting a recession or something like it to hit all of us soon.
On top of that, there are international events that look like they will affect the economy for several years to come. As some people are losing their jobs, only a few industries are continuing to provide reliable job security.
The other great thing about life insurance is that it looks like it will enjoy continued demand in the years and even decades to come. The essential technology of life insurance is so valuable to people that it has exploded in popularity since its advent. By all indicators, choosing to work in life insurance means knowing that you will always be able to make a living.
Enjoy Flexibility While Selling Life Insurance Options
As much as people want job security, many people also complain about feeling stifled. Many jobs require people to report to a boss many times each day. Some people have the misfortune to work for a disagreeable boss, so it can be stressful and unpleasant to go to work.
Even if you have a great boss, the demands of your job may require you to do the same thing in the same way over and over again. Although many people accept that this kind of repetition is an inevitable part of making a living, many people also feel that it makes their work meaningless and unpleasant.
On the other hand, life insurance agents enjoy flexibility in their careers. There are several individual ways that working as a life insurance agent provides flexibility. When you combine them together, you will appreciate how much life insurance agents get to feel like they have control over their financial future.
Life Insurance Agents Choose Their Lifestyle
First, the demand for life insurance means that life insurance agents do not have to stay at any single job. Some life insurance agents choose to work for a larger company or to team up with partners.
However, life insurance agents also know that they can strike out on their own whenever they want. The basic skills that allow you to succeed at a company or with a team will also help you succeed as an independent life insurance agent.
That means that if a life insurance agent feels stifled by their work environment, they can feel confident about moving on to a better one.
On top of that, working as a life insurance agent means working with individual people. Nothing is set in stone. Anything that an agent and a potential customer agree on can be part of how and when they meet.
As a result, life insurance agents enjoy a lot of control over their daily and weekly experience on the job.
Enjoy Learning How to Sell Insurance
Another great aspect of selling life insurance is that it teaches you life skills. Learning how to sell anything can help teach people social skills and help them to develop a sense of ease. However, selling life insurance in particular can provide other benefits as well.
For example, speaking with people about their life plans can help you develop a habit of taking perspective on your own life. People who work in the medical industry learn a lot about life by doing so. Working as a life insurance agent can provide some of the same benefits without also requiring you to face some of the more challenging aspects of life.
Depending on how you go about selling life insurance, you may also need to manage the following processes on your own:
- Lead generation
- Scheduling appointments
- Setting your commission
- Maintaining your license
- Managing your business accounts
Even if you do work with a company, keep in mind that you will still have to manage your own scheduling with prospective clients.
This means that working as a life insurance agent develops you a lot more than working as an employee in many other industries. Instead of learning to do what others ask you to do, you will learn to make your own decisions about what needs to be done.
Life Insurance Agents Can Earn a Great Living
Many people choose their careers based on their salary more than anything else. Fortunately, working as a life insurance agent can provide an excellent source of income.
However, it is important to understand what determines how much you will make as a life insurance agent. Life insurance agents depend on their sales success for their income. That means that the agents that are best at selling their product will make a fantastic income.
A successful life insurance agent can make well over $100,000 each year. On the other hand, if you struggle to make sales, you will not be guaranteed an income in many cases.
That means that working in life insurance requires you to take responsibility for your success. Working hard and doing your best will not make you an income unless you also achieve results for yourself.
For many people, that provides a sense of personal action and responsibility that can be exhilarating. Of course, some people may prefer something that is more predictable and consistent. It is up to each person to decide for themselves whether or not this is a good reason to work as a life insurance agent.
You Can Sell Types of Insurance That Help People
In the modern day, more and more workers feel that they never see the results of their work. As a result, their laborers can feel meaningless. However, working as a life insurance agent will allow you to see the results of your labors in a more direct way.
Succeeding in life insurance requires you to help people find the kind of life insurance that will provide the most value for them. By doing so, you can help them to remove stress from their life and provide for their loved ones after their passing.
Selling people the right insurance for their situation can be a great way to help improve the world in a small way. On top of that, you will be able to put a name and a face, and even a relationship to each of your sales. That provides a sense of connection to the meaning of what you are doing that is missing in many modern jobs.
Enjoy Meeting People While You Work
Another problem with many modern jobs is that people feel isolated. The principle of division of labor helps our economy to function efficiently. However, it also means that people end up doing the same thing over and over again.
Many people prefer a job where they deal with other people. After all, the unpredictability of people means that there will always be something new going on with your work. On top of that, many people prefer working with people rather than things no matter how much novelty they are seeking or not.
Get Out of the Office for Sales
Many people also dread going into the exact same office or cubicle or workplace every day. When you work as a life insurance agent, you can set up appointments wherever you like. That means that you can travel around town and even visit more distant locations if you choose.
Many people like the idea of working at an office job before they get there. However, once they have been there day in and day out for years, it becomes boring. Unfortunately, many people commit themselves to careers with this kind of boredom without realizing it in advance.
Even after years of working as a life insurance agent, you will find that there are plenty of opportunities to see new things and get out of the office.
Life Insurance Work Generates Novelty
After working in life insurance for many years, there is a good chance you will collect some amazing stories to share. The nature of the business is that you see a wide variety of people and things.
Some people have a strong appetite for novelty that almost never gets met. The more that you enjoy experiencing new things, the more working as a life insurance agent might be the right option for you.
Getting Started in Life Insurance Is Easy
Another great benefit of working in life insurance is that it is easy to get started.
Life insurance agents need to receive some minimal education. That way, they will better understand the products that they are selling. This kind of education also helps them understand the kinds of laws they will need to follow while they sell life insurance.
However, most of what makes for a successful life insurance agent is their skill on the job. That means that you can get through training in a few weeks or months and start testing yourself with prospective clients.
Although getting started may be easy, becoming successful will depend on your sales and other skills. That can make this an ideal job for people who want to give themselves a challenge.
Converting Life Insurance Leads Provides a Challenge
Every person is different. That means that you can’t learn the one right way to sell life insurance and then just repeat it over and over again until you are bored.
Instead, you will have to remain present and learn to understand each new perspective customer as you meet them. That means that you will always be presented with new and unique problems to solve.
For some people, that sounds awful. However, others love the idea of being presented with challenges to work through as they seek a common understanding with potential customers.
Make Your Own Career Decisions
Life insurance agents can enjoy very different careers depending on how they decide to sell insurance. After working alone for a while, you can find a great team or company to work with. Or you can get going with a company and then strike out on your own.
If you decide to strike out on your own, there will be an almost infinite sea of possibilities for how you choose to design your own business. Even after years and decades in the industry, you can shift your work lifestyle in a big way.
Understand the Best Reasons for Selling Life Insurance
A lot of people are surprised to find out how many benefits there are to working as a life insurance agent. Selling life insurance can require skill and the ability to manage yourself, but it provides a rewarding lifestyle for many. Understanding better what this industry has to offer will help you make the right choice for you about whether or not to work in it.
To learn more about how people succeed as they try to convert life insurance leads, reach out and get in touch with us at any time!