Are you considering a career as an insurance agent? Here are six reasons why it could be the perfect fit for you. According to statistics, while 70% of US citizens desire to be self-employed, only 6% are. However, becoming self-employed can be manageable if you choose the right path. If you're interested in being your own boss, consider becoming an insurance agent, as it's a unique field that offers independence, low barriers to entry, and high earning potential. - Read on to discover six reasons why an insurance agent career might be perfect for you. The demand for insurance agents is increasing. As a new insurance agent, this means less competition and more demand, the perfect recipe for success. Besides this overall demand, there is also a gap for younger agents in the industry. Further statistics show that the average age of an insurance agent in the US is 59. Most agents sell to people within five years of their own age. But the insurance market comprises more than just people in their 50s and 60s. People of all ages need insurance. If you're under 50 and get into selling insurance, you can fill this need and attract younger underserved clients. - You Get Flexibility Do you need more flexibility in your schedule? An insurance agent might be the perfect fit if you're looking for a career with flexible hours. Whether you're naturally inclined towards flexibility or need to work around other commitments, selling insurance can provide the freedom you need. You can choose the hours that work best for you and schedule them around things like taking your kids to school. Additionally, you can work as much or as little as you want, whether part-time or full-time. - Making a Smooth Career Transition Transitioning to an insurance agent career is made more accessible by its flexibility. If you're worried about income stability while trying it out, consider working part-time in your current field while learning the ropes.

In the US, 16% of the population is aged 65 or older, and there are approximately 54.1 million Americans who are eligible for Medicare insurance. As an Agent, you can access a vast pool of potential customers who could benefit from your plans. Selling Medicare supplemental insurance is crucial work, as it provides numerous advantages to seniors. The challenge lies in reaching out to this sizable population and introducing them to your product. The key is to establish a connection with them and assist them in comprehending Medicare's significance. Keep reading for tips on connecting with the appropriate demographic and effectively selling Medicare insurance. - Expand Your Product Offerings Although there is a sizable elderly population to market to, they each have different healthcare needs and financial situations. As an insurance agent, you are responsible for catering to these individual needs. With a variety of Medicare supplemental plans available, it would be beneficial to have a diverse product portfolio to meet the needs and budgets of all clients. By doing so, you can effectively address the range of needs and financial circumstances your clients may have. - Get Help With Insurance Marketing If you're new to the business world, you likely possess a great deal of ambition and motivation to succeed. However, you may feel unsure about connecting with customers due to lacking tools, support, and experience. But don't worry; there is a solution. Consider working with an insurance marketing agency or the AgentVia Community to help you establish yourself in the industry. You can learn how to build a customer base and effectively connect with potential clients by seeking this type of assistance. With time and practice, you'll be well on your way to success. - Keep Certifications Up to Date The government mandates that you possess AHIP and carrier certifications to sell specific Medicare plans, which must be renewed and recertified annually.

According to estimates, roughly 70%-80% of new insurance agents fail within their first year. As a new independent insurance agent, it's important to choose the right type of insurance to sell in order to increase your chances of success. Your personal experience in different industries can also play a role in determining the ideal type of insurance to sell. However, there are several types of insurance that consistently perform well and result in high profits for agents, regardless of experience level. Read on to discover the most lucrative types of insurance to sell. - Health Insurance If you're a new insurance agent, it's worth looking into health insurance as an option. While the commissions may not be as high as final expense life insurance, health insurance and Medicare insurance are essential for almost everyone. It's important to spend some time learning about the different products and their uses. Additionally, health insurance can be confusing for consumers, so being able to guide your clients towards the best options for their needs and budget can lead to success. - Life Insurance If you're interested in which type of insurance can provide the highest commissions, life insurance is a great option. In fact, life insurance typically offers the highest commissions compared to other types of insurance. Health insurance products usually provide a commission range of 7 to 22 percent, while auto insurance yields agents around 10 to 15 percent in commissions. On the other hand, life insurance can result in commissions of up to 100 to 115 percent. Additionally, some carriers advance agents' commissions when they make a sale. Even after the sale, you can still earn residual commissions as long as your client maintains their policy. This is why life insurance can be highly profitable.

If you have a passion for helping people and want to make a difference in the healthcare industry, entering the Medicare field could be an excellent business opportunity. With the increasing demand for healthcare services due to the aging population, now is the perfect time to start. While starting may seem overwhelming, especially for newcomers, there are steps you can take to ensure success. By understanding the basics of Medicare, obtaining the necessary licenses and certifications, choosing a reputable insurance company, building a network of potential clients, and staying informed on industry changes, you can create a fulfilling career for yourself. Remember, with hard work and dedication, you can build a successful business and make a positive impact on the lives of others. As of 2022, over 28 million people have enrolled in Medicare Advantage plans. So, if you want to get involved with Medicare insurance, how do you get started in Medicare sales? To sell Medicare insurance, you must first receive a certain level of education and training. Without meeting the qualifications required by your state, you won't be able to apply to take the necessary exams. Look into pre-licensing classes to get started. Next, you must obtain a Life and Health License, which combines the Health Insurance License and the Life Insurance License. This license allows you to sell both types of insurance. While obtaining your Life License is not mandatory, it is highly recommended. Keep in mind that each state has different requirements for the exams you must complete, so do your research to ensure you meet the necessary criteria. Research Which Products You Want to Sell While you will sell Medicare, there are many different Medicare health plans and programs. These include: - Medicare Supplement Insurance - Medicare Advantage - Medicare Cost Plans - Medicare Pilot Programs - Medicare PACE