Hi all.

I ahave always wonder about this profession.

I smell the passion, the hunger, the always-wanting-to-meet-new-people field of work.

Question is,

How does one become an insurance agent?


Let's discuss

First, identify which insurance company you want to become an agent for, then approach them. They should point you in the right direction, some companies have different procedures but basically you will need to go for an exam at MII.

What does an insurance agent do ?

How did they get paid ? Is it a commission-based job or does it comes with basic salary ?

Sell insurance, and all depends on commission. No basic. You're on your own to determine your own income.

Can one go do sales, without being in a particular agency?

Another option is a call center insurance agent. No need to travel to meet customer, have basic salary, no face to face with customer etc.
But work environment could be boring, every day sit and call people.

meet potential customer
hit target every month
enjoy free holidays if hit target
build your team
"encouraged" to get a vios to boost up your effort to pay installment by working harder

sama like MLM.. the harder you work, the more you earn..

That's hard.

If you can hit the sales, you are easy.

From my knowledge, commission-based jobs are more lucrative. But you must have wide range of contact networks.

Are you an insurance agent ?

It is a commission-based job. The good thing with this job is that your working time will be very flexible.

If you're hardworking = successful.

no, im not
but i noe a fren start with cold market and his income is really

You're right. Very loaded. Haha.

I understand everything now.

Its similar to a real estate agent.

The commission they receive is just 'wow' !

Choose a company , take the exam, sell !

What you need is leverage

How is the commission calculated?

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This post has been edited by UnknownDave: Mar 19 2015, 12:22 PM

As Insurance Agent, you need to treat it as a own business. You work for yourself. Mean must have self discipline and self motivation.

So to build up a business, it take time. Same to insurance, you need to build relationship, trust, and experience.

Is not a easy to be successful but the reward are good in long run.

Which is better;

To go out alone,
Or to join a team/agency/company

to do insurance sales?

it's 25% generally across the board, but if you hit certain level you are entitled to 40% of the premium paid.

for example, if you get one to pay for 3k per year per annum, so your commission is 750. (for up to six years, I think) and that's only from 1 client. if you have 50 or 100 clients? imagine your pipeline income, it is very lucrative, but not easy to do.