Who Can Become Insurance Agent? 

The Requirements In 2022

Last Updated: February 3, 2022

Are you wondering who can become insurance agent? For both new and experienced individuals, starting a career in the insurance business can be an intriguing option as it is a flexible professional path with a broad roster of fascinating clients depending on the area of specialization. Given the diverse roster, there are a lot of people who can become an insurance agent. Likewise, the qualifications required for the position is minimum whereas the benefits of the same are high. The criteria to   become insurance agent vary by state, but they are typically substantially shorter than those for other license-required professions. 

In 2020, the Bureau of Labor Statistics (BLS) estimated that there will be 409,950 insurance brokers in the United States by the end of the year. With a population of little over 332 million people in the United States as of April 2020, the insurance market employs one agent for every 1,234 individuals.  

Hence, this fiercely competitive market is ideal for meeting America’s insurance requirements providing a lot of opportunities to diverse group of people. From handling insurance claim, to dealing with clients you will be busy. Furthermore, check out our article on How Do Insurance Sales Agents Get Paid, to know more about the profession.  

Who Can Become Insurance Agent? 

There are certain requirements you need to fulfill before you become an insurance agent. 

Age Requirements 

Firstly, to work as an insurance agent, you must be at least 18 years old which is the minimum working age. So, make sure you meet the minimum criteria before you try to become insurance producer. 

Pre-licensure Requirements 

Similarly, pre-licensure standards differ from state to state, however, they are a requirement for becoming a licensed insurance agent or broker. The relevant authorities can educate you more on how to become an insurance agent. Therefore, for pre-licensure requirements, students can contact their state’s insurance department. 

who can become insurance agent

State Insurance Licensure Exam 

Likewise, to sell insurance, all agents must pass a licensure exam. The National Insurance Producer Registry has produced a list of state-specific licensing criteria, costs, and other pertinent information about the procedure. So, preparing for the license exam using a study package can assist. 

Background Check 

Furthermore, you must pass a criminal background check. The procedure varies by state and may entail fingerprinting in some circumstances. Plus, you can check out any insurance blog on the topic for detail guide. 

License Renewal 

Moreover, continuing your insurance related education is required to maintain or renew your license. After getting your license, you can work at any independent insurance brokerage firm. 

 

become insurance agent
become insurance agent

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