3 Reasons to Become an Insurance Agent in 2016
2016 is fast approaching. For many people, a new year is a time of reevaluation, and for considering new options. If you’re not happy with your job, there’s no reason to keep waiting for the right opportunity to come along. 2016 is the perfect time to take your state’s insurance license exam and start a rewarding career as an insurance agent. Want to learn more? Here are 3 reasons why 2016 is a great year to become an insurance agent.
Demand for Insurance Agents Is Going Up
It’s not easy finding a job, especially in a market as tough as the one we’ve been in since the 2008 financial crash. Things have gotten better since then, but that doesn’t mean they’ve gone back to where they were before. As such, many people are still struggling to find a job, let alone one that pays well and which offers opportunities for advancement (more on that later).
Turns out there is some good job news out there, however: the demand for insurance agents is growing. Between 2012 and 2022, the Bureau of Labor Statistics predicts that the demand for insurance agents will increase 10%. What’s more, the BLS also notes:
“An aging population and changes in federal regulation may increase demand
for agents who sell health and long-term care insurance.”
For many industries, the future job outlook is shaky, at best. Not so for insurance, which is expected to add more than 40,000 jobs in ten years.
Insurance Agents Earn Two Times Above the National Average
According to BLS reports, the median average income for an insurance agent in 2012 was $48,150. By comparison, the average per capita income in 2014 was a mere $28,889. In other words, the average insurance agent earns nearly twice as much every year as the national average. In fact, the average insurance agent earns almost as much as the average two-member American household. According to government data, the average household income in 2014 was $53,657—only about $5,000 more than the average income for one insurance agent working in the U.S.
Insurance Agents Require Little Previous Experience
With as much money as insurance agents can make in a year, you’d expect that getting the job would require lots of previous experience, not to mention at least a bachelor’s degree. Turns out this isn’t the case at all. While many insurance agents do have college degrees (and those who do tend to earn more at the start of their careers), many agencies will hire insurance salesmen who only have a GED or high school diploma.
The only fixed requirement for becoming an insurance agent is obtaining an insurance license, which can be gotten just by taking a few classes and passing an exam. For many people, becoming an insurance agent is an opportunity to earn more money than they could in just about any other job that is willing to hire people without a college diploma.
Before you become an insurance agent, you need to pass your state’s insurance licensing exam. America’s Professor offers convenient and affordable online training courses, taught by insurance industry veterans. Contact us today at 800-870-3130.
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