The Benefits of Becoming a Part-Time Insurance Agent
Insurance is a booming industry with lots of earning potential. Tens of thousands of people in the US have successful careers as insurance sales agents. Insurance is a long-term game, but the rewards can be huge if you stick with it.
Working as a part-time insurance agent may be a good option if you’re considering a job as an insurance sales agent but want to “test the waters” before diving in full-time.
The Perks of Part-Time Insurance Sales
Here are a few reasons you might want to consider starting out as a part-time insurance agent:
It’s an opportunity to explore the industry.
Working part-time as an insurance agent lets you explore the industry before making a full commitment. You can dip your toes into the insurance world and gain a better understanding of the work and the demands of the job.
You’ll learn which carriers and products you prefer to sell and start to develop relationships with clients. It’s a smart way to assess whether a career in insurance aligns with your interests and skills without making a major life change.
You can keep your day job.
One of the key advantages of working part-time as an insurance agent is that it enables you to maintain your main job. If you have bills to pay and responsibilities to meet, this can be hugely beneficial. You can gradually transition into the insurance field while ensuring a steady paycheck from your existing job.
If you’re worried that a part-time insurance job will conflict with your 9-5 schedule, you might be surprised to learn that many insurance clients prefer evening and weekend appointments. With a little strategic planning, most people can make it work.
It’s a way to earn extra income.
Extra income from part-time insurance sales can help improve your financial situation. Whether you’re looking to save for a specific goal, pay off debts, or simply enjoy a more comfortable lifestyle, the extra earnings from part-time work as an insurance agent can make a real difference. Most of your earnings in insurance will come from commissions, so the sky’s the limit. It all depends on how much time and energy you want to put into the work.
You may be able to work remotely.
Remote work has taken off in the last few years, and many insurance companies now offer the flexibility of remote work arrangements. This means you can perform your tasks from the convenience of home, saving you time and money on commuting while still allowing you to effectively serve your clients through telephone and video calls.
You can set your own schedule.
Flexible hours can be a significant perk of part-time insurance jobs, giving you greater control over your work-life balance. You may be able to tailor your work hours to fit your other commitments, whether it’s family time, going to school, or pursuing your favorite hobbies. Having greater autonomy over your schedule can lead to a more satisfying and well-rounded work life.
How to Become a Part-Time Insurance Agent
So, you’ve decided part-time insurance sales seems like the way to go. Now what?
Whether you want to work full-time or part-time, you need to first decide which types of insurance you want to sell and then pass your state’s insurance licensing exam.
With a Property & Casualty (P&C) license you can sell products like homeowners insurance, auto insurance, and liability coverage. With a Life & Health (L&H) license you can sell different types of life and health insurance, annuities, and other products.
The insurance exams vary by state and contain anywhere between 60-150 multiple-choice questions, depending on which license you’re going for. Don’t assume that multiple-choice means “easy.” The questions are not common knowledge, which means you need to study. In fact, you should expect to spend 35-40 hours studying for the exam.
The best way to prepare is to enroll in an exam prep course with a reputable company. Read more about the requirements for becoming an insurance agent.
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