5 Benefits of Becoming an Insurance Agent
The role of an insurance agent can be demanding; however, it can also be quite rewarding and meaningful.
The perks of an insurance agent career
#1 Stability in the Industry
The U.S. Bureau of Labor Statistics forecasts a 10% growth in insurance agents between 2016 and 2026. This means roughly 50,000 more jobs will open up in the insurance agent role by 2026.
Not only is the industry growing, it gains stability from being a necessity. In many cases, such as with car insurance and home insurance, it can actually be legally acquired. As the need and demand for health insurance and long-term care continues to grow, so will the need for agents. No career or industry can fully be recession-proof; however, insurance is one of the most stable.
#2 Potential Income
Some agents are salaried and some are paid a base plus salary, but the most common compensation for insurance agents is straight commission. This means there is no cap to potential income. The harder you work and the more skills you gain, the higher your income can grow.
In May 2016, the average wage for an insurance agent was $49,990. The highest 10% of insurance agents earned more than $128,070.
#3 Flexible Schedule
#4 Low Barriers for Entry
Becoming an insurance agent does not require college coursework or a degree. A high school diploma or the equivalent are the only prerequisites for taking insurance courses to become licensed as an insurance professional.
Requirements for getting an insurance license vary by state (link to state requirements page) ; however, insurance training can be taken online and at your own pace with OnCourse Learning. The time it takes to get licensed and begin your career is much shorter than other professions that require college coursework. This means you can begin earning money much more quickly than with other careers.
#5 Meaningful Work
This role is about helping protect people. Insurance agents help shield clients from being hit hard financially by health problems, accidents and disasters. Basically, an insurance agent helps protect people from life’s unforeseen mishaps.
Ready to get started? Click here and choose Insurance, New License and your state to see online courses available to put you in the road to your new career as an insurance agent.