The number of independent insurance agents has increased drastically over the past ten years, as the rise of the internet, online tools, and social media have made working from home easier than ever.
Due to this, the idea of gaining independence at work and transitioning to an online insurance salesman has never been more appealing. Once you receive your insurance license, you will have a plethora of insurance options to choose from to sell.
In this article, we will break down the process of becoming an online insurance agent, choosing an insurance company to sell, signing a contract, such as Ambetter Contracting, and what to expect in terms of commission.
Becoming an Online insurance agent
Does the idea of becoming an insurance agent entice you? Well, here is a quick rundown of the steps you will need to take. First, determine what type of insurance you would like to sell. In this article, we will assume you are selling medical insurance. Next, research your state’s licensing requirements and make sure you follow all the required prerequisites before finally taking the insurance agent exam. While challenging, anyone can pass it if you’ve studied the appropriate materials.
Unfortunately, having your insurance licensing doesn’t mean clients will be lining up the door for you. This is where you have to put the work in finding high-quality insurance to sell, networking, and lead generation.
Joining an Insurance Agency
Joining an insurance agency is a great way to start your career as an insurance agent as they offer resources such as training, lead generating, and online marketing. An insurance agency, such as Benevast, will work with independent agents, as well, providing you with their services, making it easier to choose the best insurance companies to sell for, and offering the best commission rates in the market.
Getting started with Ambetter Contracting
A good insurance agency will make requesting a contract easy. Pour over the insurance companies they work with; research what states they sell in, the commission rates based on each state, and their popularity in the state you plan on working in. Ambetter Insurance is a wildly popular option because of their commission rates and wide use. Ambetter Insurance’s low price plans make it an easy sell for new and experienced agents.
What to Expect in Commission
The commission rate varies by state. Florida, Georgia, and South Carolina offer the highest commission rates at 30 dollars per new signing and monthly renewal. The other states hover between 18 – 25 dollars. There are also bonuses that vary from year to year that can boost your yearly earnings.
Commissions are paid monthly, so access to your money is never far off and can come in a variety of payout options that best fit your needs.
Now is The Time to Start Selling Insurance
After this article, you should have a good understanding of the steps needed to become an independent insurance agent and the benefits of Ambetter contracting. If this seems appealing, research how to become an insurance agent in your state and study for that exam.