You'll also learn how to explain the benefits of life insurance policies to your clients. What is the Job Description of a Life Insurance Agent. Southern New Hampshire University responds quickly to information requests through this website. Life insurance agents have the important job of helping people prepare for unexpected circumstances. This generally involves the completion of training courses and passing examinations. According to the BLS, the median annual wage for insurance agents was $50,600 in May 2018. A Job Description of a Life Insurance Wholesaler. Learn.org. Analyze the client’s current portfolios and make recommendations. To improve your career opportunities, you may want to consider earning credentials that affirm your expertise in a particular type of insurance. University of Virginia responds quickly to information requests through this website. There are over 25,126 medical director life insurance careers waiting for you to apply! How Can I Become a Life Insurance Underwriter? The Life Underwriter Training Council Fellow is another credential available. 3) Customize insurance programs to suit individual customers, often covering a variety of risks. Based on recent job postings on ZipRecruiter, the Life Insurance Agent job market in both Chicago, IL and the surrounding area is very active. And agents who choose to sell our products have an opportunity to make an impact on their clients, their community, their family, and their career. Sell annuities that pay an income at retirement. Educate customers on each type of insurance coverage and make recommendations based on their needs. Individuals purchase a life insurance policy and, upon their death, their designated beneficiary receives the amount of … The American Institute for Chartered Property Casualty Underwriters offers several courses and designations for all types of insurance. Compiles lists of prospects. See salaries, compare reviews, easily apply, and get hired. Are you comfortable working independently and making sales presentations to individuals in all types of settings? When starting out as a life insurance agent, you may be required to meet a sales quota, but with experience and success, you'll earn a commission from each policy you sell and renew. The Insurance Consultant should discern clients' insurance requirements, deliver appropriate guidance, and clarify presenting uncertainties. As a life insurance agent, your primary objective will be selling life insurance policies and annuities and helping your clients promptly process their insurance claims when needed. The low-stress way to find your next medical director life insurance job opportunity is on SimplyHired. Vehicle and Vehicle Accessories Marketing, Master - Buiness Administration: Financial Management, Master - Business Administration: General Business, PhD - Business Administration: Financial Management, Doctor - Business Administration: General Business, How to Become an Insurance Agent in 5 Steps, Auto Insurance Agent: Career and Salary Facts. To renew your state license, you may have to complete continuing education courses. A state license is required to sell insurance. Purdue University Global responds quickly to information requests through this website. It offers courses such as annuity essentials, life insurance products, investment planning, and ethics. Working at Nationwide is more than a job – it’s a career. They design and implement strategies for the effective marketing and sales of insurance deals. What is the Job Description of an Auto Insurance Agent? According to the U.S. Bureau of Labor Statistics (BLS, www.bls.gov), insurance companies prefer agents who possess a bachelor's degree in business administration, finance, or a similar major. We offer a breadth of solutions including home and auto insurance, life insurance, retirement savings tools and more. Insurance Sales Representative job profile : American General Life Insurance Company Job Description Internal Sales Consultant- Life Insurance As a contributor at AIG you are the one the clients turn to in times of need…The Internal Sales Consultant will be responsible for enhancing the Life Brokerage Distribution… Job Duties and Tasks for: "Insurance Sales Agent" 1) Call on policyholders to deliver and explain policy, to analyze insurance program and suggest additions or changes, or to change beneficiaries. Insurance Sales Representative responsibilities include: Designing and implementing effective marketing strategies to sell new insurance contracts or adjust existing ones Contacting potential clients and creating rapport by networking, cold calling, using referrals etc For example, the institute's life insurance course will teach you how to effectively use life insurance policies as financial planning tools. Post a Life Insurance Agent job to 100 job boards with one submission. Job listing sites and insurance company websites post detailed job descriptions that can help you learn about the responsibilities and requirements for various positions in the insurance industry. As an insurance agent, you may work for an insurance company, refer clients to independent brokers, or work as an independent broker. Insurance Adjusters, Examiners, and Investigators Job Description. Job openings for insurance agents between 2016 and 2026 are expected to increase by just over 10%, according to the BLS. Provide good customer service to maintain and retain clients. Insurance Consultant Job Description Template We are searching for a highly observant Insurance Consultant to render accurate support on behalf of our steadily expanding firm. See salaries, compare reviews, easily apply, and get hired. Herzing University responds quickly to information requests through this website. Our associates love working here, and it's easy to see why. Some insurance companies only care about making money from their insurance policies. Insurance Job and Education Requirements This job is well suited to people who have a background in sales, have strong customer service skills, are analytical, and have basic computer skills. The Life Insurance Agent is responsible for providing advice, conducting intermediary services between the client and the Insurance Company, and selling life policies which payout when the life insured person dies. The listings below may include sponsored content but are popular choices among our users. As a life insurance agent, you'll seek new clients and maintain relationships with existing ones. You'll be the first contact for your policyholders when they need to file a claim, and you must respond quickly and professionally. Or, you may work as an insurance broker, offering clients a choice of policies from various insurance companies. They also may sell dental insurance and short-term and long-term disability insurance. LIBERTY NATIONAL LIFE INSURANCE COMPANY AGENT'S JOB DESCRIPTION Job Function: The primary function of the agent is to produce sales of new business. Insurance Agent responsibilities include: Developing marketing strategies and promote all types of new insurance contracts or suggest additions/changes to existing ones. Job Description We are looking for a competitive insurance agent to generate new business by contacting potential customers… and revenue growth objectives Constantly update job knowledge and learn about new products and services Fulfill all policy requirements Skills Proven working experience as an Insurance agent or relevant… Life insurance wholesalers use their in-depth knowledge of life insurance products and phenomenal communication skills to motivate financial services companies to buy life insurance products. New life insurance agent careers are added daily on SimplyHired.com. Insurance Agent: Career Summary, Job Outlook, and Training Requirements. Depending on the type of insurance, the policy may have a cash value that the policyholder can access for certain situations, including retirement. Previous sales experience is also helpful. 2) Calculate premiums and establish payment method. Our life insurance agents educate families, empowering them to protect their loved ones with term life insurance. Ultimately, a top-notch Life Insurance Agent will conduct a needs analysis for every client to ensure that the correct products are recommended. Usual duties of a Licensed Insurance Agent include identifying customer needs, seeking clients, providing information, answering to inquiries, submitting applications, writing reports, and … Colonial Life insurance products are underwritten by Colonial Life & Accident Insurance Company, Columbia, SC. A Life Insurance Agent in your area makes on average $81,619 per year, or $1,889 (2%) more than the national average annual salary of $79,730. There’s way more to it than meets the eye. While some companies offer life insurance through a benefits package, it is also available for individual needs. ECPI University responds quickly to information requests through this website. Which California Schools Offer Insurance Classes? To earn this designation, you'll need to take a series of courses such as insurance planning fundamentals, life insurance law, retirement planning, and investments. If so, a job as a life insurance agent might interest you. An annuity is a financial investment tool that provides policyholders with a pre-determined monthly income upon reaching a certain age. Bankers Life is the marketing brand of Bankers Life and Casualty Company, Medicare Supplement insurance policies sold by Colonial Penn Life Insurance Company and select policies sold in New York by Bankers Conseco Life Insurance Company (BCLIC). Life insurance agents also sell annuities that promise a retirement income. Investigate, analyze, and determine the extent of insurance company's liability concerning personal... More Details ». There are over 20,070 life insurance agent careers waiting for you to apply! This will allow you to remain informed about the latest requirements, changes, and trends in the industry. You may work as a captive insurance agent, meaning you work exclusively for one insurance company. Life insurance products typically include term life and whole life policies. Health and long-term care insurance agents sell policies that cover the costs of medical care and assisted-living services for senior citizens. Degree or Diploma in Financial Services or related. Northcentral University responds quickly to information requests through this website. Their job description entails selling of life, auto, health, and property insurance to customers. Among the most common positions are actuary, claims adjuster, and underwriter. Use it to save time, attract qualified candidates and hire best employees. Promote the insurance agency to customers who need insurance. Insurance agents sell and negotiate life, health, property, or other types of insurance to match the needs of their clients. Interview prospective clients to gather data about them. May refer clients to independent brokers, work as independent broker, or be employed by an insurance company. Read on to learn more about a career as a life insurance agent. Typical tasks include reviewing and screening new insurance applications, processing renewal policies and verifying benefits eligibility on … The policies or their provisions may vary or be unavailable in some states. Students searching for Insurance Actuary: Job Description and Education Requirements found the following related articles and links useful. To achieve the branch’s set targets, the life insurance broker must recruit, train, develop, and supervise life insurance … Insurance sales agents are required to have some formal education. The American College offers the Chartered Life Underwriter (CLU) credential. Accredited with the Financial Industry Regulatory Authority (FINRA). Insurance Biller: Career and Salary Facts, How to Become an Insurance Biller in 5 Steps, Best Online Bachelor's in Biology Degree Programs, Best Online Bachelor's in Liberal Arts Degree Programs, Certified Aerobics Instructor Certification and Career, Online Broadcasting Schools and Degree Programs, Online Classes and Schools for X-Ray Techs, Fisheries Management Degree and Training Programs. Online Master of Education Degrees in Instructional Technology, Vary by state; national database available through the National Insurance Producer Registry (NIPR), Office settings or traveling to meet with clients, Sales manager, advertising sales agents, insurance underwriters, personal financial advisors, real estate brokers and sales agents, wholesale and manufacturing sales representative. Must be licensed in the state where you work. To accomplish this goal, the agent must obtain prospects, qualify those prospects and use extensive product knowledge and sales skills to determine the correct solution to the prospect's needs in A Life Insurance Agent specializes in selling policies that pay the insured amount to beneficiaries upon the insured's death. A life insurance agent sells policies that are paid out to beneficiaries upon the insured’s death. Breeding productive relationships to create a pool of prospective clients from various sources by networking, cold calling, using referrals etc. Strayer University responds quickly to information requests through this website. Keiser University responds quickly to information requests through this website. Like an auto insurance or health insurance salesperson, a life insurance agent will contact clients and walk them through the process of applying for and purchasing life insurance coverage. Insurance Advisor Duties and Responsibilities Insurance processors, often referred to as insurance claims and policy clerks, complete a wide array of behind-the-scenes duties for an insurance company. Provide advice to clients and recommend insurance products. As one of America's most diversified financial services companies, we're trusted advisors to our members. Network with potential customers. Life insurance agents represent one or more insurance companies that provide life, retirement, and other insurance policies. Capella University responds quickly to information requests through this website. Also, speaking more than one language will be helpful in expanding your client base. Life Insurance Agent Job Overview. Several industry associations offer training programs and credentials. But at American Income Life, we care about people. Insurance sales representatives scout and identify potential clients for specific insurance packages. 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