How Long Does It Take To Become Insurance Broker??

How long does it take to become an insurance agent?

While taking two or four years to earn a college degree can enhance one’s job prospects, in many cases, one can become an insurance agent after completing only a pre-licensing course, which can take several days.

How much money can you make as an insurance broker?

While the Bureau of Labor Statistics does not keep data specifically for insurance brokers, the median annual pay for all insurance sales agents was $49,710 as of May 2017. The median is the amount in the middle of a range that spans the highest insurance jobs salary to the lowest.15 Aug 2018

What qualifications do you need to be an insurance broker?

To get taken on, most firms require GCSEs at grades 9 to 4 (A* to C), including English and maths, and A levels. It is worth noting that a degree is not necessary to become an Insurance Broker. However, large insurance firms do offer graduate schemes which could help kick-start your career.

Do you need a license to be an insurance broker?

Insurance brokers can work with a high school diploma, though a bachelor’s degree in fields like insurance, finance or economics is helpful. A state license is required, and an insurance broker must hold multiple licenses if they deal with more than one type of insurance.

Is selling insurance a good career?

First, life insurance sales jobs are abundant and easy to find. Second, commission percentages are very high compared to other insurance sales, such as health insurance. Best of all, life insurance agents get paid commission renewals for as long as a sold policy is in force.

Do insurance agents make good money?

The most recent government data regarding the average income of American insurance agents was compiled in 2012. According to that data from the Bureau of Labor Statistics: The median annual wage for insurance agents was $48,150. The highest paid 10% of insurance agents earned more than $116,940 annually.

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