Why Are More People Becoming Insurance Agents in Kansas?
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Insurance is always in demand—and so are licensed insurance agents. Everyone needs insurance, and most people need multiple policies.
The purpose of insurance is to help make people whole again after a loss, whether from a hurricane or a health scare. Insurance agents help people protect what matters most, and helping people feels good—it’s a big part of what makes the job so rewarding.
But you don’t have to sacrifice earnings potential to have a fulfilling career. Insurance is a lucrative industry, and the demand for insurance products is only expected to grow over time, especially as the U.S. population ages. Many people hesitate in pursuing the career of an insurance producer because they find the exam intimidating, but for those who invest in the Kansas insurance license exam course work from America’s Professor, and who use the materials appropriately, the passing rate is significantly higher and therefore the concern over passing should be a moot point for those eager to make a profitable living in Kansas.
Why Kansas Is a Great Place to Be an Insurance Agent
Kansas was recently ranked the number one business climate in the country’s West North Central region. Governor Laura Kelly called Kansas “the best state in the nation for families, young people, and businesses to succeed.”
The state’s economy is booming, and there has never been a better time to become a Kansas insurance agent.
The job outlook for agents is projected to grow 7 percent between 2020 and 2030. And as of last year, the median annual wage for insurance sales agents was $52,180, according to the Bureau of Labor Statistics (BLS).
Most entry-level insurance sales positions require only a high school diploma and a state insurance license—yet it’s a job with lots of earnings potential. Insurance also offers flexibility in terms of work environment, whether you prefer the creature comforts of an office or you’d rather work out in the field.
Here are a few reasons to get your insurance license and join the growing ranks of people capitalizing on this “evergreen” industry.
Everyone needs insurance.
People need insurance for all kinds of things. By law, most of us are required to carry auto liability insurance at a minimum. Then there’s health insurance to cover medical expenses and homeowners insurance to protect what for most people is their greatest asset. Many people also carry long-term disability coverage and life insurance, and the list goes on.
As people start families, buy homes, launch businesses, and acquire valuables like jewelry and artwork, they tend to need more insurance products.
This, coupled with our nation’s growing population means insurance will always be in demand. And that means job security for insurance agents.
You choose how you want to work.
Insurance agents fall into two basic categories: captive agents or independent agents:
Captive agents
As a captive agent you work for a single insurance company—State Farm, for example. The company provides training and support, and you agree to sell exclusively on their behalf.
As a captive agent you work on commission and have the freedom to set your own appointment hours. You maintain your own book of business. This means you won’t necessarily have to work a standard 9-5 job in a cubicle, and you can expect to have more autonomy over your work.
Independent agents
As an independent agent you are not tied to any one insurance company. You can sell policies on behalf of several different insurance carriers, as long as you’re properly appointed (authorized to sell on their behalf).
As an independent agent you will also work on commission and manage your own appointment hours and book of business. But you will have more freedom to focus on the products and types of policies you want to sell—as long as you have the appropriate licenses.
You can earn as much as you want.
Most insurance salespeople are paid entirely or partly on commissions. Agents typically receive commissions for both new sales and policy renewals.
When you work on commission, you can theoretically earn as much money as you want. Top agents make more than $125,000 a year, according to the BLS.
Over time you’ll grow your book of business and start getting commissions from renewals. This can add up to serious earnings potential. Ultimately, how much you earn will depend on your sales success—and sales isn’t for everyone. But if you thrive in a fast-paced environment and love working with people, you just might love it.
If you try your hand at insurance sales and decide it’s not for you, there are other things you can do with your insurance license. You can work directly for an insurance company as a customer service rep. Or you can become a claims adjuster or an underwriter. There is no shortage of opportunities in the insurance industry.
When You Pass the Kansas Insurance License Exam, Getting Started in Your Career is Easy
Whether you’re looking for a new career or are just starting out in the workforce, insurance might be a great fit. You don’t need to spend years in school or rack up thousands of dollars in student debt to get started since most insurance firms don’t require a college degree for entry-level positions.
Within a matter of months, you can start working and earning a steady income. Here are the basic steps to becoming a Kansas insurance agent:
- Decide which type of insurance license you need (e.g., Property & Casualty, Life & Health, etc.).
- Enroll in an exam prep course and study for the exam.
- Pass the exam (in person or online).
- Get fingerprinted and apply for your license.
- Start working (most new insurance agents start out as captive agents).
The bottom line: An insurance career is an entry-level option with potential to earn executive-level compensation. There’s plenty of room for growth and advancement, making it a great career choice. You will likely begin your professional career working for a brokerage, and as you produce more opportunities will open up for you to move in other directions within the insurance industry.
Ready to Get Your Insurance License? Invest in a Kansas Insurance License Exam Course with America’s Professor
America’s Professor offers the most comprehensive pre-licensing exam prep courses available today. We help students pass their insurance licensing exams on the first try. AP’s affordable online classes are taught by award-winning professor, Dr. Jack Morton. Each course includes:
- Video lessons – Our comprehensive online insurance courses are available 24/7 on any device. Our streaming videos simulate live lectures but let you study at the pace that’s right for you.
- Hard copy textbook – You’ll receive a comprehensive textbook by mail, which works in conjunction with the lecture videos.
- 100-day online access – Most students find that 100 days is plenty of time to prepare. But if you need more time, simply call us and we will extend your access at no charge until you pass your exam.
- Sample questions and practice exams – Practice tests reinforce the information in the video lectures and help you gauge how well you understand the material. If you score low on a practice exam, you’ll know where you need to keep studying.
- Customer support – Our helpful customer support team is here to answer all your questions and make sure you have everything you need—right up until the day of your exam.
Enroll in a Kansas insurance course today and be on your way to launching or expanding your career in the lucrative insurance industry!