Life insurance sales have increased steadily (some might say dramatically) over the past decade. An insurance agent or broker makes a typical life insurance sale. We'll explain some details about life insurance selling to help you understand the process, whether you're an aspiring insurance agent or a consumer looking to buy insurance.
First, although we explain this on our insurance agents page, it bears repeating that an agent is just a person who is authorized by their state to assist others in buying and managing insurance policies. You probably have an insurance agent or two already for your car, health or home. The agent collects premiums from you and lets you designate certain people as beneficiaries to receive a large sum of money if you die while insured.
An insurance agent makes sales for just one company, while a broker works independently to make policy sales through many agencies. However, an agent is similar to a broker in many other ways. Since many agents and brokers work partly or fully on commission, they spend considerable amounts of time looking for new customers. To be licensed in a given state, an agent must pass an insurance exam. The agent can then make insurance sales, including sales of life insurance.
There are many companies out there waiting to make sales to you, so what are you waiting for? Go looking and get all the sales quotes you can before you choose a particular company to buy insurance from. Feel free to look through our website for more information about different insurance providers.