how to start a life insurance agency?
How to start a life insurance agency?
i'm young and enthusiastic about starting a busness although ill face a lot of challenges, but i need advice on how to start a life insurance agency and what are the requirements?
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4 Responses
2.1.2010
Best Answer – Chosen by Voters You have to be licensed with your state insurance department, and appointed with a carrier.My advice to you would be to go to work for an agent in his/her agency, or with a life insurance company, to learn about the business; how to prospect, set appointments, get interviews, fact-find, discover needs, make recommendations, answer objections, and close the sale, and ASK FOR REFERRALS.If you just want to sell life and health insurance, that's OK. But if you're going to get into the business, why not jump in with both feet?You can apply to several multi-line companies, or local agencies.Here are some examples:Nationwide, State Farm, Allstate, Liberty Mutual, Met Life, American National, Motorists Mutual, Erie Insurance Group. (Not in any particular order)These are just a few to start with. Just call or check on-line.By being able to sell auto, home, renters, you will have a better chance of writing the life; or vice-versa. Don't leave money for another agent to get. In other words, write ALL their insurance, not just one kind. The more product you have in a household, the better your persistency rate.Best wishes, and God bless. Source(s): Retired agent, 30 yrs.
2.1.2010
You need to learn the business first, by being an agent for a larger company. Once you've learned the business, you can then start your own.
2.1.2010
Contact development manager, appear for exam. if you pass the exam you are good to go Source(s): http://www.mylicindia.com
2.1.2010
At google search type the following : rules of getting started with life insurance agency