5 Myths About Working in the Life Insurance Industry
Welcome to our blog post on the common myths about the life insurance industry. If you are considering a career as a life insurance agent, it is important to have accurate expectations about the job. In this post, we will debunk some of the myths surrounding the life insurance industry and provide a more accurate picture of what it is like to work as a life insurance agent. By understanding the truth behind these myths, you will be better equipped to make informed decisions about your career path.
Myth: Life Insurance Agents Are Pushy and Aggressive
While it is true that life insurance agents need to be confident and assertive in order to be successful, this does not mean that they are pushy or aggressive. In fact, many successful life insurance agents are able to build strong relationships with their clients by being patient, understanding, and genuinely interested in helping them.
Myth: Life Insurance Agents Don't Make a Lot of Money
Like any other job, the income of a life insurance agent will depend on a variety of factors such as their experience, skills, work ethic, and the company they work for. It is true that some companies are less reputable than others and may pay lower commission or cap earnings.
That being said, the earning potential for working with Real Financial iKons is limitless. Agents start out with uncapped income at a 90% commission rate, which can rise as high as 145%. Since they are independent agents, they can represent as many insurance companies they like and keep their own book of business. This means on top of new sales, they are earning residuals too!
Myth: Working in the Life Insurance Industry is Boring
Working in the life insurance industry can be rewarding and fulfilling, as agents have the opportunity to help people protect their families and financial futures. Additionally, the industry is constantly evolving and there are always new products and technologies to learn about and keep up with.
Myth: Life Insurance Agents Only Sell Policies
While it is true that life insurance agents do sell policies, they also provide a variety of other services to their clients. This can include answering questions about coverage, helping clients understand their options, and assisting with the claims process.
Myth: Life Insurance Agents Only Work With Elderly Clients
While life insurance is often more important for older clients who have dependents or significant assets to protect, life insurance agents work with clients of all ages. In fact, many agents specialize in working with young families or professionals just starting out in their careers.
It is important to remember that working in the life insurance industry is not without its challenges and myths. However, by understanding the realities of the job, you can be better equipped to navigate your career as a life insurance agent with confidence and realism. While it is possible for life insurance agents to earn a high income, it is not guaranteed and will depend on a variety of factors. Additionally, life insurance agents do more than just sell policies, and work with clients of all ages. If you are considering a career as a life insurance agent, be sure to do your research and keep an open mind about the opportunities and challenges that the industry has to offer.
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