How to Become an Independent Insurance Agent

Insurance is in demand. As a result, more and more professionals choose a career in insurance. There are several ways to become an agent. Some people choose to work with an insurance firm and share accounts with other agents. On the other hand, a few people choose to open their own firm or work from home as an independent insurance agent.

Instructions

1. Research the state's requirements for becoming an independent insurance agent. Insurance requirements vary by state. On average, agents must be at least 18 years of age. Furthermore, they must live in the state where they seek a license.

2. Obtain a degree from a college or university. Although a college degree isn't required to become an insurance agent, several independent agencies prefer candidates with a degree. Insurance agents typically receive a degree in business or economics.

3. Choose a type of insurance to sell. Independent insurance agents have their choice of insurances, which include health, life and automobile. Agents can specialize in a particular type of insurance or offer a range of products.

4. Complete a licensing course and take the insurance examination. Before an independent agent can sell insurance in a particular state, they need to complete a state-approved licensing course and successfully pass the state insurance examination.

5. Decide whether to buy a franchise or become affiliated with an insurance agency. Independent insurance agents can purchase their own franchise, which generally costs between $50,000 and $75,000. Another option involves becoming affiliated with an insurance agency and working as an independent agent. Independent agents can open their own location or run their business from home.