How to Sell Life Insurance: The Basics Explained
Did you know the US life insurance industry is worth $886.7bn?
This is a huge figure, and it’s fair to say that life insurance is one of the biggest industries in the US. Following this, you might want to learn how you can sell life insurance so that you can benefit from this huge industry.
This post will provide you with a quick guide on how to sell life insurance. If you want to get into the life insurance industry, this post will help you develop a plan of action.
Becoming a Life Insurance Agent
If you want to start selling life insurance, you first need to become an official life insurance agent.
To do that, you will need to get something known as a ‘life insurance license,’ and you get this by taking a special exam.
If you don’t have this license you won’t be able to legally sell life insurance. Note that this is true whether you work for a company or if you decide to do things as a solo agent.
The life insurance license exam covers a broad range of topics when it comes to life insurance and just insurance in general.
Note that life insurance rules and regulations vary from state to state.
Because of this, you need to make sure you use study resources that are based on your specific state. If you don’t do this, you might end up studying the wrong information, and you might then fail the exam.
Selling Life Insurance
Once you’ve passed the life insurance agent exam, you can then start selling life insurance.
If you don’t know much about how to start selling life insurance, you might want to work for an insurance agency. In doing so, you will learn how the industry works, and you can then use this knowledge to set up your own firm.
In any case, perhaps the hardest thing about selling life insurance is sourcing leads. After all, if you can’t source leads, you won’t actually have anyone you can sell life insurance to.
Following this, you might want to read about the best way to score leads. If you do some research and learn from other people in this industry, you should be able to skip the painful process of trial and error.
Do You Know How to Sell Life Insurance?
This post has provided you with a quick and simple guide on how to sell life insurance.
If you’d like to learn more about the life insurance industry, you might want to find a mentor. One way you can do this is by finding people on LinkedIn that already work in this industry.
If you reach out to a few people and ask for advice, you should get at least one response. If you build a relationship with the people that respond, you will then have someone that you can ask for help whenever things get difficult.
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