What Are the Duties of Insurance Agents?
Insurance agents sell services such as property, life and automobile insurance to the public. Anyone wanting to become an agent must obtain a state license.
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Range of services
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Insurance agents often sell several forms of insurance, such as life, health, property and casualty, and disability. Many agents also sell mutual funds, securities and annuities, and offer financial planning services.
Property and Casualty
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Property and casualty insurance agents sell policies that guard individuals and businesses from financial loss stemming from events that cause property damage, such as fires or storms.
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Life Insurance
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Life insurance agents sell policies that give beneficiaries money when the policyholder dies; they also sell annuities to be used as retirement income.
Health Insurance
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Health insurance agents sell medical and disability policies, which cover health care and loss of income caused by sickness or injury.
Captive vs. Independent
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An insurance agent who works for one company is referred to as a captive agent. A broker, or independent agent, represents many companies, matching his customers with companies offering the most appropriate coverage and rates.
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