If you are thinking of becoming a life insurance agent in Ontario you should know exactly what to expect before you make the career move.
Let me start by saying that commissioned sales can be challenging and unpredictable.
According to a 2009 report by LIMRA (a consultant to the global life insurance sector) only 31% of Canadian captive insurance agents stayed in the business for more than 4 years. And the turnover rate in the first year was 16%.
The goal for any agent whether you are captive or independent is to create enough business to make an excellent income.
When I first started in the insurance business as a captive agent I focused on my warm client list of friends and business associates to generate business. This allowed me to build a solid client base which grew over time.
The problem is that many new agents have limited access to potential clients because they don't have the influence or business contacts.
My advice to you is to be absolutely sure that you have the desire and sales skills to close deals quickly. This will help you gain momentum and make money as you are learning the ins and outs of the business.
If you can promote yourself properly and work hard to build solid relationships with your clients you can make a very good income.
Are you considering a career as an insurance agent in Ontario?
To learn how to find a job as an insurance agent go to www.ontarioinsurancecareers.com
Let me start by saying that commissioned sales can be challenging and unpredictable.
According to a 2009 report by LIMRA (a consultant to the global life insurance sector) only 31% of Canadian captive insurance agents stayed in the business for more than 4 years. And the turnover rate in the first year was 16%.
The goal for any agent whether you are captive or independent is to create enough business to make an excellent income.
When I first started in the insurance business as a captive agent I focused on my warm client list of friends and business associates to generate business. This allowed me to build a solid client base which grew over time.
The problem is that many new agents have limited access to potential clients because they don't have the influence or business contacts.
My advice to you is to be absolutely sure that you have the desire and sales skills to close deals quickly. This will help you gain momentum and make money as you are learning the ins and outs of the business.
If you can promote yourself properly and work hard to build solid relationships with your clients you can make a very good income.
Are you considering a career as an insurance agent in Ontario?
To learn how to find a job as an insurance agent go to www.ontarioinsurancecareers.com
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