Pros and Cons: Is Selling Life Insurance the Right Job for You?
You’ve been thinking about a career change and selling life insurance has piqued your interest. But is it the right job for you? Let’s take a look at the pros and cons of a career in life insurance sales.
On the plus side, a career in life insurance sales can be very profitable. The average life insurance agent earns more than $100,000 per year. So the earning potential is very good.
Another plus is that you can be your own boss and set your own hours. If you’re the type of person who likes to be in control of your own career, then a career in life insurance sales is a good fit.
Read our guide for the pros and cons of selling life insurance for a living.
Monetary Compensation for Selling Life Insurance
Insurance agents sell life insurance policies to customers on behalf of insurance companies. They receive a commission for each policy they sell, and they may also receive additional bonuses and commissions based on their sales performance. Read more on selling life insurance to get a grasp on how it works.
Working as an insurance agent can be a great way to earn a good income.
The Stress That Comes With the Job
Working as a life insurance salesman can be a very rewarding career. You have the opportunity to help people protect their families financially in the event of their death. However, the job can also be very stressful. You may have months where you don’t sell any policies and don’t make any money.
You are constantly working to meet sales quotas and trying to convince people to buy a product that they may not want or need. The pressure to succeed can be intense. If you are considering a career in how to sell life insurance, you should weigh the pros and cons carefully to see if it is the right fit for you.
The Physical Requirements
The main con of selling life insurance is the physical requirements of the job. It can be a very demanding job, both mentally and physically. You need to be able to handle a lot of rejection and be able to work long hours.
You need to consider if you are comfortable talking to people about such a sensitive subject. If you are not comfortable talking about death and insurance with people, then this is probably not the right job for you to sell a life insurance policy.
Training and Education
Life insurance agents need only a high school diploma, although some job applicants have a college degree. They must complete 20-40 hours of pre-licensing education and pass state exams to obtain a license. Some states require agents to take continuing education courses to maintain their licenses.
The job doesn’t require a lot of formal education, which makes it a good option for people who don’t want to spend a lot of time and money on schooling. It offers flexible hours and the potential to earn a good income.
Have Patience in Selling Life Insurance
Selling life insurance can be a very rewarding job, but it is not for everyone. You need to be patient and have a strong work ethic in order to be successful.
Although there are pros and cons to selling life insurance, it is ultimately up to the individual to decide if it is the right job for them. If you are interested in selling life insurance, do your research to make sure it is a good fit for you.
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