A licensed insurance agent works for an insurance company and sells insurance policies to customers new and old. Licensed insurance agents usually have a caseload of current customers that they assist. They answer any questions that customers may have about their policies and use their customer service skills to resolve problems, such as issues with coverage. Licensed insurance agents also need to generate revenue for their company by finding new clients and selling additional policies to existing ones. They need to have excellent communications skills and an extensive knowledge of their company's policies in order to succeed in this position.
Licensed insurance agents need a license from their state in order to work. To get licensed, they need to take a short course on insurance then pass an exam.
There are many different paths to getting an insurance license. Some agents have a bachelor's degree, while others only have a high school diploma and experience working in customer service. Once they are licensed, insurance agents can earn an average salary of $70,610 a year.
There is more than meets the eye when it comes to being a licensed insurance agent. For example, did you know that they make an average of $30.65 an hour? That's $63,761 a year!
Between 2018 and 2028, the career is expected to grow 10% and produce 48,300 job opportunities across the U.S.
There are certain skills that many licensed insurance agents have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed communication skills, self-confidence and analytical skills.
If you're interested in becoming a licensed insurance agent, one of the first things to consider is how much education you need. We've determined that 50.0% of licensed insurance agents have a bachelor's degree. In terms of higher education levels, we found that 5.2% of licensed insurance agents have master's degrees. Even though most licensed insurance agents have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a licensed insurance agent. When we researched the most common majors for a licensed insurance agent, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on licensed insurance agent resumes include high school diploma degrees or master's degree degrees.
You may find that experience in other jobs will help you become a licensed insurance agent. In fact, many licensed insurance agent jobs require experience in a role such as customer service representative. Meanwhile, many licensed insurance agents also have previous career experience in roles such as cashier or sales associate.