A licensed insurance producer is licensed to sell insurance products to clients on behalf of a company. A licensed insurance producer is commonly seen having conversations with different people, trying to establish rapport and ease in conversation about his/her insurance products. He/She could be found negotiating life, health, property, and all other sorts of insurance to clients. Your main duties revolve around acquiring new clients, monitoring insurance claims, assisting in settlements of claims, and determining the insurance risk of properties.
You are there to assist the customer in buying one of your products, so your job is to follow up throughout the application process and make paperwork easier for customers to handle. The real skill of a licensed insurance producer is his/her ability to talk you into buying. This is why excellent communication and interpersonal skills cannot be overemphasized. The average yearly salary is $74,000, and a bachelor's degree is required for this position.
There is more than meets the eye when it comes to being a licensed insurance producer. For example, did you know that they make an average of $35.69 an hour? That's $74,238 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 producers 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 analytical skills, communication skills and initiative.
If you're interested in becoming a licensed insurance producer, one of the first things to consider is how much education you need. We've determined that 57.1% of licensed insurance producers have a bachelor's degree. In terms of higher education levels, we found that 4.5% of licensed insurance producers have master's degrees. Even though most licensed insurance producers 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 producer. When we researched the most common majors for a licensed insurance producer, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on licensed insurance producer 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 producer. In fact, many licensed insurance producer jobs require experience in a role such as customer service representative. Meanwhile, many licensed insurance producers also have previous career experience in roles such as administrative assistant or sales associate.