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Insurance agents are required, at a minimum, to be licensed in order to sell insurance. Each state has different requirements. Insurance agencies usually have specific educational requirements that include a college degree. A degree in business and sales is most appropriate for insurance agents. After the initial requirement is filled, the potential employee will be required to go through insurance agent school.
Insurance agent schools provide necessary tools for agents to perform their job properly. This includes customer relations, sales techniques, difference in types of insurance and how to properly execute the paperwork necessary to complete a transaction. An insurance agent school program is often paid for by the employer with the provision that the insurance agent works a designated amount of time with their office. This is a great way for potential insurance agents to get through school and into work immediately following successful completion of the program.
Insurance agents usually work on a commission basis. That means that the agent makes a certain percentage of the amount of insurance he or she sells. If the agent is unable to secure any insurance sales, he or she will not make any money. The percentage of the commission depends on the company the insurance agent works for. It can run from 30% to 70% which is strictly dependent on the contract between the insurance agency and the insurance agent. It also depends on the type of insurance being sold. For example there is a difference between pay for homeowner's insurance and life insurance.
Since many types of insurance are required, there is great potential for insurance agents to make extremely good commissions. Attending an insurance agent school will give the student the knowledge to sell insurance at a high rate. Insurance agents provide the ability to get necessary insurance coverage as well as more uncommon insurance types. The possibilities are, literally, endless for insurance agents who understand how sales work and how to properly close an insurance sale.
What else can I help you with?
What is the best insurance agent school in America?
The best insurance agent school in America is at the University of Pennsylvania. This was determined by votes from previous students and insurance agents across the country.
What education do I need to follow a career as an insurance agent and broker?
To have a career as an insurance agent and broker going to school for the subject is one good way. Another good way is to get a legit certificate in this subject.
What are the rights of an agent in insurance?
An insurance agent has a contract with an insurance company which specifies his rights; but basically an agent has a right to be paid a commission for the insurance that he or she sells.
Steps to become an insurance agent?
One of the best and most over looked parts of doing well as an insurance agent is getting a firm educational background in business or economics in school. Once that's finished, take the exam for an insurance license.
How should I plan to become an insurance agent?
To become an insurance agent, most companies require an agent to have a college education. You will also have to be licensed with your state. You can read more at http://www.insureme.com/insurance-agent/becoming-an-insurance-agent.
Who does an agent represent in an insurance transaction?
The agent represents the insurance company, not the customer who is buying the insurance.
Life insurance agent?
A life insurance agent is the person who knows about the various life insurance policies and explains them to potential clients. The agent is the person who sells you life insurance.
How much is insurance for a Volvo?
That would be best answered by an insurance agent. Contact your local insurance agent.
How could one become a business insurance agent?
You can become a business insurance agent by studying insurance in college or business in college. In addition, you can become a business insurance agent by applying for an insurance company.
What's a good school for becoming an insurance agent?
The insurance institute of Canada would be a good school to look into. With locations all across Canada, it provides a certain flexibility for where you would like to study.
What do I need before I start insurance agent school ?
You will need a GED. you should also have strong math skills.
How much on average is student insurance and where is the best place to look?
Student insurance is offered by many companies. Check with you insurance agent, you can go online and also you can check with the school you or your child is attending.
