Updated: Dec 21, 2022
America is as diverse as she is vast. Her people come from every culture, religion and economic background. Despite their differences, there is one thing many Americans have in common. They hate their job. It is estimated that 4 million American workers have quit their jobs each month during 2022, and that 40% of workers have or are still considering leaving their current position, culminating in what is being called the Great Resignation.
If you find yourself numbered in that 4 million or one of the 40%, you may wonder what to do next. You want a new job that doesn’t suck. You want the personal and financial freedom to enjoy life and take care of your family, but what career could offer a work-life balance while still making sure your bills are being paid? The answer is one you may not have considered before, life insurance!
Why should you join the insurance industry? Many people associate the word with either a dreadfully bored office worker or a cunning, quick-witted con artist peddling useless insurance plans. However, these caricatures are more based in Hollywood than in truth.
Insurance Agents Help People
Nothing is more rewarding than knowing you get to get up each morning and make a difference in the lives of the people you interact with. Insurance agents may not save lives, but they still make a difference each and every day in the lives of their clients and those of the client’s families.
The first thing that usually comes to mind when thinking of life insurance is death, and it is the most common use of life insurance. Having a life insurance policy in place ensures that a person is laid to rest with dignity, and that their family will have some money left aside to pay off debts like a mortgage, car loans and credit cards – taking some financial stress away in their time of grief or to secure a strong future for children or grandchildren by paying for college.
The idea that life insurance is only helpful after a person has died is persistent and erroneous one. In fact, some plans include extra benefits that could help cover the costs of treating chronic or terminal illnesses. When coping with a situation like a chronic disease, having a daily living rider can be helpful. It gives the policy holder the money to pay for medical treatments and care if the illness should take away their ability to do basic daily tasks like dressing or bathing, with the remaining money going to their beneficiary after they pass away.
Many policies also hold cash value. Meaning policy holders can take out loans from their policy to assist in buying a home, going back to school, or to ease the financial burden of retirement.
By helping prospective clients find a comprehensive and affordable policy, you are ensuring their family’s financial stability and freedom, and making sure that they do not get swindled by a less than reputable company, like one might find in a commercial. You are giving people dignity in life and in death.
The Insurance Industry is More Lucrative Than Ever
Life only gets more expensive as the years roll by. You want a job that can meet those expenses head on and ensure your financial stability. Even during an economic recession, the life insurance industry is more stable than other industries.. It has existed for centuries and as long as people require healthcare, own cars, homes, and businesses, the insurance sector will be a mainstay.
The potential income from selling insurance is limitless if you have the drive and dedication to put in the effort. Insurance industry insiders claim that after starting out with monthly earnings between $1,000 and $20,000 they quickly ramped up to six figures every month.
One other monetary benefit of life insurance is that it can generate passive income for your family, since, after selling a policy, you continue to receive commissions from it as long as the buyer of the policy makes their monthly premium payments. If you should die with some clients still paying their premiums, you can name a beneficiary to receive those commissions in your place. How many other careers let you earn your family money even when you are no longer living?
Create a Sustainable Work Life Balance
One of the biggest reasons for the Great Resignation is that after the pandemic, people began to realize their lives held no balance. Many people have found themselves in careers that require them to think about little else but work, except when they are sleeping. Even when not in the office, they were forced to prioritize work over personal health and wellbeing, hobbies, and most importantly family. A career in life insurance does not have to be like that.
An insurance career as an entrepreneur gives you the flexibility to choose your working hours, whether you want to work full time, part time, or on the weekends. Additionally, the move towards remote sales means you can work from anywhere. You could be making a sell sitting at home in your comfiest set of pjs or while sipping a margarita on the beach. Need to take a day off to spend time with your kids? With many insurance positions, you are your own boss, so you have the luxury of doing so.
Life insurance is a career that provides a combination of a strong work-life balance, financial security, and allows you to make a difference in the lives of your clients. If that sounds like the dream job for you, then Real Financial iKons can help make that dream a reality. Real Financial iKons has an expedited on-boarding procedure and cutting-edge training technology to assist people in establishing careers in the insurance and financial service sectors. We make it easy to get started in your new career in insurance by putting everything you need, from on-boarding and training to recruiting, all in one place. We will even pay for your life insurance course! So, what are you waiting for? Get started on your new career today!
If you are considering becoming an agent or if you are thinking about changing companies, Real Financial would love to have you on our team.
Click here to get started on your new career path and become an iKon