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Entry-Level Life Insurance Sales Agent
Career Insights for Life / Health Insurance Sales Agent
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Scorecard
Based on New York data
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What they do
A Life or Health Insurance Sales Agent sells life insurance or health insurance to customers, working on behalf of an insurance company or independent insurance agent or broker. Evaluates the insurance coverage needed by a customer and proposes insurance packages and prices. Life insurance agents may sell policies or annuities, and assist clients or beneficiaries with getting insurance claims processed. Health insurance agents may negotiate rates for employers, explain plans and benefits to employees, and help clients to file or resolve health insurance claims. Life and health insurance sales agents may earn commissions for sales.
$85,463 / year median in New York
-18% projected decline
Job Description
Training, Support, and Professional Development:
New York Life offers a comprehensive three-year training program, marketing support, as well as prospecting and technical assistance. Our programs give you the ability to work with highly successful, established agents and managers who assist you in developing a clientele. New York Life provides the resources and ongoing support you would expect from a Fortune 100 company.About New York Life:
New York Life is among the strongest and most respected financial companies in the world. New York Life has received the highest financial strength ratings currently awarded to any U.S. life insurer by each of the four major rating companies: A.M. Best (A++), Standard & Poor's (AA+), Moody's Investors Service (Aaa), and Fitch (AAA)¹. For 65 consecutive years, we have led the Million Dollar Round Table with more members than any other insurance or financial institution in the world². New York Life has been recognized as one of the "World's Most Admired Companies" by Fortune Magazine for 2019. Financial Service Professionals offer investment advisory services through Eagle Strategies LLC, a Registered Investment Adviser. Registered Representatives offer securities through NYLIFE Securities LLC (memberFINRA/SIPC
), A Licensed Insurance Agency- Equal Opportunity Employer M/F/D/V 1-Full-time agents and their dependents are immediately eligible for medical, dental, vision, long-term disability, and group term life insurance. New York Life reserves the right to amend or terminate any benefit plans, in whole or in part, at any time. 2
Source:
Individual Third Party Ratings Reports as 7/30/18. 3- MDRT (Million Dollar Round Table) is recognized throughout the industry as the standard of excellence in life insurance sales performance.
SOURCE:
MDRT as of 7/1/2019 4- Based on revenue as reported by "Fortune 500 ranked within
Industries, Insurance:
Life, Health (Mutual)," Fortune magazine, 6/1/19. For methodology, please see http://fortune.com/fortune500/Compensation:
$75,000- $100,000 yearly
Responsibilities:
Assess each client's potential life and financial needs to create an individualized financial plan that leverages the products and serves we offer Collect and organize each client's financial information using a CRM to determine financial status, financial goals, cash flow, and financial expectations Participate in educational meetings or seminars relevant to client risk tolerant and financial objectives for research prior to offering sound financial advice Help clients implement financial recommendations such as life insurance, savings plans, mutual funds, and other financial products Leverage marketing and social media tools to identify, pursue, and secure new clients who can benefit from having a trusted financial service professional New York Life and its affiliates are dedicated to prudent financial management, high-quality products, and impeccable service. Our financial professionals help clients develop a long-term financial strategy to achieve their financial goals using an array of financial products and services, including life insurance, investments, annuities, and mutual funds As a financial professional with New York Life, you will be able to build your practice and help those in your community prepare for their financial futuresQualifications:
Required to effectively network to identify potential new clients Must possess uncompromising integrity and the ability to communicate complex ideas Relationship management skills are required We're looking for people who possess the following characteristics: Highly self-motivated and self-disciplined with the ability to work effectively and independently Outgoing personality with the ability to develop relationships (i.e., "People Person") and a sincere desire to help others Fearless, positive attitude, and willingness to be accountable for results Organized, detail-oriented, and excellent time-management skills The desire for continuous learning Good communicator—excellent listening skills and ability to explain complex information in a simple and concise manner About Company As a mutual company, New York is accountable only to our policyholders. That means we are fully aligned with the interests of clients, not with outside investors or Wall Street. Our focus is on delivering value to clients. We have been in business for over 175 years, helping generations of Americans protect their families and attain their financial goals. To prepare for the future, we are constantly innovating and looking ahead to find more ways to increase value for clients. Employment and benefits are provided through NextSource, an approved New York Life vendor. New York Life Insurance Company is not the hiring entity. New York Life is an Equal Opportunity Employer- M/F/Veteran/Disability/Sexual Orientation/Gender #WHINS1 PI286307932
Benefits
- Professional Development
- Health Insurance
- Dental Insurance
- Vision Insurance