At that point, I was suffering so bad financially that I had to get a job like yesterday. Medicare Advantage He had written in excess of $200,000 in final expense business for the past 3 years and was one of the organization’s leading producers. For example, selling Medicare Supplements is mostly a daytime business. Bottom line… If you DON’T commit to schedule and only dabble… you’re a pretender. With these insurance licences, you can sell home, auto, and many other lines of insurance. It would cost $150,000 to rebuild the house if something happened to it, but when the insured tried to sell it, the best offer he received was $80,000. Despite the naysayers, you CAN sell life insurance part-time successfully. And make sure to check out my numerous Agent Success Stories. Great article and great advice and tips David!!!! One has to be in situation to understand the needs of the retired and elderly to fully understand their needs. Reach out anytime if I can assist with anything. This part-time insurance sales approach gave me the time to build my confidence in my sales skills. If you’d like to learn more about how I can help part time insurance agents like you succeed, eventually going full time, check out how my agent recruiting and training program works. Obtain a life insurance agent license through your state insurance commissioner. The insured's house is located one mile from the county's new landfill and across the road from the entrance of a rock quarry. And the less of that you get, the slower your progress towards mastery. Determine how much time you want to devote to your business as a part-time agent or broker; brokers work with more than one insurance provider. Licensed to sell property and casualty insurance. A professional insurance salesperson (like you) must be able to connect with prospects and help them understand and internalize the value of the insurance you’re selling. Each state has a different requirement for the class hours and exam policies; contact your state's insurance commissioner for details. 4) While as-earned commission is optimal, odds are low that agents can survive on that. I’ll also give you advice on what you MUST do to make sure your part time life insurance agent “side-hustle” yields the most profit. This was very helpful. You’ve likely carried an auto and homeowners policy for many years and don’t think too much about it, but your property and casualty insurance is your protection from major financial disaster. A Paralegal by profession, I became licensed to sell both life & health insurance in 2010. For a complete listing of state insurance commissioner contact information, visit the National Association of Insurance Commissioners website at NAIC.org. A casualty insurance license authorizes the license holder to sell casualty insurance to individuals and organizations. As an agency, I have every desire to minimize chargebacks, as any unpaid balance rolls up to me. Thanks so much for commenting =). I have talked for years on my YouTube channel and various blog posts about chargebacks and how to avoid them. They’re ready to answer your questions, troubleshoot sales and underwriting problems you have, and give you higher odds you’ll sell more insurance and cut the learning curve faster. Insurance Agents will need to complete requirements and pass exams for each type of insurance they want to sell, such as life, health, property and casualty insurance…., auto, home, business, life) Strong computer skills and ability to use various software, such as Microsoft Word, Excel, insurance quoting software and … Join DIG They can all sell insurance on price alone. Property … Remember that you’ll face roadblocks in the beginning and you’ll have to struggle, but you should not let these things stop you from taking your independent casualty insurance agency … I started sales efforts to seniors with final expense coverage back in 2011. Life insurance sales agents sell life insurance policies and annuities that pay beneficiaries when the policyholder dies. I still generated and had a core group of clients I could depend on. For example, you can generate purchased leads like direct mail leads, you can use a seminar marketing strategy like I teach many agents selling insurance on the side, or you can prospect your warm market. Property and casualty (P&C) insurance is a blanket term that refers to standard insurance policies that cover both personal property damage and liability. By obtaining a P&C insurance license, an individual becomes authorized by a state to discuss a variety of policies that will provide peace of mind for your clients and their families during a time … Most younger agents don't comprehend that market and most people in the senior market don't trust young agents and look at younger agents as just trying to make a buck. The requirements vary by state, but the timed exams typically consist of a series of multiple choice questions testing your insurance knowledge. Then, incorporate that training into your own insurance sales presentation and watch the results come in. When interested in selling life insurance part-time, it doesn’t mean you have a casual approach to occasionally selling. A property and casualty insurance license allows a representative to sell products like car, home, and renter’s insurance. Embarking on the CIP ® Program . 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