I see you’ve requested more information about becoming an insurance. If you’re wondering what’s next, this article is for you. I’ve broken it down into 3 large steps. So read along. I promise you this will point you in the right direction. If you have questions, post your questions and comments below. I’ll answer.
Trouble deciding your next move? You’re not alone. The Insurance industry presents lots of paths.
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Step 1 – Decide what you want to sell first.
This step should be easy. New agents tend to want to cast a wide net. It pays to specialize and do something well. The two general areas of insurance specialization. Those areas are:
Property and Casualty Insurance. This type of insurance includes auto, homeowners, and business insurance. Most successful property and casualty agents specialize in either personal lines or commercial lines. For agencies, these policies pay 10-15% commission annually. Expect to make $100 to $200 per year on each personal policy you write.
Life and Health Insurance. This type of insurance includes life, health, senior health insurance, final expense and others. The most success life and health agents specialize in a specific niche product. Commissions vary, but life insurance policies generally pay higher up front commissions while health insurance policies pay on an ongoing basis.
The key in this step is to learn a specialty and get good at it. Whether you’re going to sell auto insurance or health insurance, get your license and focus.
Step 1 – Action Item: Decide what type of insurance you want to sell first; property/casualty or life/health products. [/section][section title=”Step 2 – Licensing Education” style=”dark” header_size=”h3″]
Choose a pre-licensing education course
Classroom or online prep course; which do you prefer? In many states pre-licensing education is required. In Texas, if you can pass the test you can get your license. With that said, I suggest completing a prelicensing education course; either online or in-person. The job of your prelicensing education provider is to equip you with the tools needed to pass your licensing course. In this step, focus on learning what it takes to pass your licensing exam. Once you pass your exam, and get a job or start your agency, we can focus on learning the insurance business. For now… just pass the exam.
If you’re like all successful agents, follow the systems that countless agents have followed. Choose a classroom or online licensing provider to help you pass your exam.
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Pass your licensing exam
Now that you’ve completed your pre-licensing course, you need to contact Pearson Vue to schedule your insurance exam. Don’t worry, you’re not being tested on your understanding of basic programming or the operation of a Commodore 64. However, you will need to make a 70% or better or your chosen licensing exam. Aside from passing your licensing exam, you’ll need to complete your fingerprints and an online application. Normally, it takes approximately 3 to 4 weeks to process your process your licensing application.
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Apply for your insurance license
Now that you’ve completed steps 1 – 3, you should be in a position to apply for your insurance license. In this step, you have the option of completing a paper application or online application. To complete a paper application, you’ll need to use the Texas Department of Insurance’s licensing application. However, it is more common to complete the online licensing application here.
After your complete your licensing application and your license is posted online, you’re all set. Time to start covering people and protection people financially, and all that cool stuff.
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Once you become a licensed agent, the opportunities are limitless. Any questions or comments? Feel free to post your comments and questions below.