October 13, 2022
No more wasting time or dull hiring procedures with us! Let’s begin your search for a new team member together! This FREE Life Insurance Agent Job Description Template will help you understand this position and learn what to expect from future candidates.
We listed the most essential skills, duties, and responsibilities of a Life Insurance Agent, but you can finalize this template by customizing it according to your specific standards and additional requirements and details.
This template is made to be turned into a fantastic and captivating job offer!
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Life Insurance Agents are individuals who help clients choose a life insurance policy that best fits their needs, preferences, and budget.
They determine which type of policy best fits their financial situations and needs, explain the details and payment plans for different options, and assist during the onboarding process.
Life Insurance Agents maintain and expand their client base through cold calling, advertising, and networking.
They are also responsible for recommending risk management strategies and maintaining electronic and paper records and documentation.
|Why it's important
|Customer Service and Communication
|These two closely related skills are essential for Life Insurance Agents. They need to convey complex insurance information and application process to clients, make suitable recommendations, and help them make informed decisions. Furthermore, strong customer service allows them to build trusty relationships with clients and resolve their issues and inquiries.
|Some Life Insurance Agents work on commission, so the ability to sell insurance products and persuade clients they need them is crucial. They need to be experts in verbal selling presentations and accurately and confidently explain the benefit and importance of insurance policies.
|Life Insurance Agents must possess in-depth knowledge of various life insurance policies and products. When working with clients, they need to know how each policy works, what it covers and offers, and how much it costs. This knowledge helps Life Insurance Agents make the right recommendations to clients according to their needs.
|Life Insurance Agents typically have multiple clients to handle. Great organization skills can help them keep track of their clients’ information, accounts, and other details. Well-organized Life Insurance Agents are also able to manage their time effectively and complete their tasks on time.
|Technical knowledge involves the understanding of financial planning, budgeting, taxes, and the legal background of every decision. When Life Insurance Agents master these skills and gain enough experience, they will be more likely to understand their client’s financial situation and provide the best suggestions and recommendations.
We are looking for an experienced and knowledgeable Life Insurance Agent to join our team. As a Life Insurance Agent, you will be responsible for assisting clients to choose the most suitable life insurance policy based on their needs and financial situation. Also, you will gather and assess their information, help them during the onboarding process, and provide recommendations about insurance products and services.
Furthermore, your goal will be to provide an excellent customer service experience for clients by explaining the insurance policy details and resolving their issues and inquiries. You will also be required to actively participate in marketing strategies, the expansion of our client base, and building strong relationships with clients. Ultimately, our ideal candidate will have outstanding communication, selling, organization, and persuasion skills.
Once you gather up all the received applications, you can use these sample interview questions for Life Insurance Agent with Candidate Scorecard. Also, the questions below can assist you in selecting the most suitable applicant for a position.
Most employers prefer to hire a candidate with a Bachelor’s degree in finance, economics, sales, business administration, or a related field.
Every Life Insurance Agent is required to have a state license and complete a licensing exam before practicing as an agent.
Previous sales experience is advantageous for Life Insurance Agents, but candidates will usually receive on-the-job training from their employers.
They will learn about the company’s policies, strategies, and sales and customer service techniques.
Life Insurance Agents earn between $20,000 and $120,000 per year.
Their median annual salary is around $83,578.
Hourly wages range from $10 to $58.
The median hourly pay is around $40.
Life Insurance Agents can work in various insurance companies or they can be self-employed and find their own clients. They usually work in office environments or remotely.
Life Insurance Agents must have exceptional communication, customer service, organization, persuasion, and selling skills.
They also must possess a strong knowledge of life insurance products and services.
Life Insurance Agents earn between $20,000 and $120,000 annually.
Life Insurance Agents typically obtain a Bachelor’s degree in economics, business administration, finance, or selling.
They also must gain a state license to practice as Life Insurance Agents.
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