Continuing Your Education As a Licensed Insurance Agent: 3 Important Tips

No matter which state you are licensed in, the process of becoming an insurance agent does not end with a license. The insurance industry is dynamic, constantly adapting to meet the changing needs of clients and their various insurance requirements. It is therefore crucial for you to continue to evolve as an insurance agent by completing a full spectrum of insurance agent training through certification exams.

There are, of course, multitudes of available preparatory online education courses for you to choose from, including online insurance continuing education courses. For instance, if you specialize as an independent life insurance broker and you search Google for “life insurance continuing education,” you will encounter no less than six million results! Accordingly, the purpose of this article is to give you the means to sort through the thousands of options out there with respect to online insurance courses. In other words, I’m going to help you find the continuing education courses that will work for you and your career goals.

First, consult with your employer, informing your manager, or perhaps a specific human resources representative, that you are pursuing further education in your field of insurance. Today, the majority of employers provide some kind of tuition assistance or other financial support for employees who seek to better their standing in an organization through education.

It’s important to know what your employer’s procedures are. How do you sign up? Will you be paid directly, will the education provider be paid directly, or will you be reimbursed? Are books and exam fees covered? Moreover, if you work for a large insurance firm, the chances are pretty high that they will have preferred training programs; some even offer in-house training for certification exams.

Second, choose how you prefer to study, and what you want out of it. Most people with full-time jobs tend to prefer independent study, which is the most flexible option. Keep in mind that this flexibility necessitates the most self-discipline on your part to succeed. Other agents prefer insurance continuing education that combines self-study with the support of a class. In this case, completing assigned tasks will keep you on track, reducing the amount of self-discipline needed to finish. Finally, if you have the time and prefer structure to independence, consider locating traditional classes or study groups-your place of employment might even offer one of these.

Third, no matter how you choose to prepare, keep in mind that certification will necessitate serious study and preparation on your part. If you are not committed to achieving your educational goals, then you are wasting your time. When you register for an exam on a specific date, it will provide you with a clearly defined end-point for your goal. Be certain you’re ready to meet it. Doing so will guarantee your success, whether you are seeking to continue your education in order to advance into management, or if you are simply trying to become the best insurance agent that you can be.

How Insurance Continuing Education Benefits the Agent, Insurance Company, and Client

Education is one of the most sought after characteristics by almost every employer. They want their employees to be competent, skilled, and smart. Training can certainly help, but a formal education cannot be replaced. Professionals of all kind have to complete continuing education courses to keep their license active. They must renew their license through their state every 1-3 years depending on what industry they are in and what license(s) they hold. Insurance professionals are no different. Insurance agents are accountable for a lot of money and help a lot of individuals and families make very important decisions on a day-to-to basis. In this article we are going to discuss how insurance continuing education can benefit the agent, the insurance company they represent, and the clients they serve.

Continuing education helps the insurance agent because it solidifies their knowledge in the field. They know they have the most up to date information to share with their clients. Each year rules and regulations may change from state to state so continuing education is very important. The agent can be confident they are acting ethical and sharing all of the correct information with their prospective clients. Education also keeps their license active. If the insurance agent falls behind on their continuing education credits they could receive fines and have their license suspended.

Insurance companies are worth millions, sometimes billions of dollars. They need to make sure the agents that represent them are professional, ethical, and knowledgeable in the products they are selling. Education is one way to ensure they are doing exactly what they are supposed to. They learn the new laws to avoid insurance fraud and can sell their clients the best products possible to fit their needs. The more education their producers have the better off they will be. Many insurance companies even pay for their agent’s continuing education classes.

Finally, the client’s insurance agents serve benefit from insurance continuing education courses. The individuals and families purchasing a life insurance policy know their agent is up to date on the best products available for their individual needs. They can rest assure when they are making this very big decision. If the client does not purchase the correct policy their family/beneficiaries could suffer greatly.

As you can see the more education an insurance professional has the better off they will be. Education is meant to enhance the knowledge of the producer so they can be efficient, knowledgeable, and up to speed on the latest rules and regulations their state enforces.

Insurance Continuing Education – Of All Types!

There are several kinds of insurances around, and no, we are not talking about life, general and so on!

In life insurance itself, there are so many specialties that a new person would get lost in the labyrinth of them all. And the rules and regulations for them all are so complex and different from one another. If you are an insurance professional, you will agree with us, and you would have experienced that first hand. Also, the laws of insurance are different from state to state, and if you are changing states for a career, you have a lot of unlearning to do before you start learning!

With insurance – in every state – there is a great thing; and that is mandatory continuing education. Unlike many other fields where learning really stops once the profession begins, insurance requires a mandatory number of hours of training every couple of years, and that is what makes insurance agents so well informed to help us take financial decisions. The laws are not constant, and when they change, the mandatory education ensures that the professionals also update their knowledge.

Illinois is no different, and that is why there is such a comprehensive Illinois insurance continuing education program.

Illinois insurance continuing education is of two parts

o Required Courses, and
o Optional Courses

Like the names suggest, the required courses and compulsory by law and those need to be taken for sure. The optional courses are according to the interest of the insurance advisor, and they are again of two kinds

– Life and Health Courses, and Property and Casualty Courses. Like we mentioned at the beginning of this article, there are various kinds of insurances around, and the advisor can choose the courses depending on the kind of insurance he wishes to specialize in. While there may be a few advisors who deal with all kinds of insurance, the majority of them (and especially the ones who are really successful) deals with only specific genres – like health, property and so on. So the option of choosing topics which will be helpful in the long run is truly good.

In insurance continuing education Illinois is quite ahead, and a good percentage of people prefer to take their test online in the state. Not only is that quite convenient and fast, but is hugely economical for the advisor. It would hardly cost a fraction of what would be spent at an insurance training school for the same certification!

Insurance CE in Illinois is also very beneficial to the insurance agent. You will learn about new product offerings, state rules and regulations, and also different sales techniques. So not only is it a state requirement, it will help you succeed in your business and increase your sales. I would recommend doing your insurance continuing education online in Illinois not only for the convenience factor, but you can also have the material to view whenever you want. In a classroom you have to take notes and do a lot of highlighting to figure out the most important information. Most insurance CE schools will only put the important and relevant information in their courses.

Life Insurance Continuing Education Courses Can Be Done Online

For professional advisors and agents in the insurance sector to survive, they have to continuously update themselves with the latest policies and state government norms that are prone to continuous change. This is when a timely requirement for training occurs. Assuming that the life insurance continuing education which is a yearly process is done in the conventional classroom style, most part timers who have chosen the insurance line could be at a loss. This is a set up where everybody’s time must coincide with everybody else’s and a fixed schedule is followed where training takes place for a temporary period when the need arises.

The internet and online convenience has become a blessing for all those part time and full time professionals in the insurance sector who want to pursue continuing education attempting various tests to enhance their credentials. The online process for every kind of life insurance continuing education is very simple. The benefits of the same can be briefly explained.

1. By registering online, time is a big factor that you can save or for that matter you needn’t be constrained or stressed by the fact that you have to be at a place at a scheduled time.
2. In order to progress professionally, when you take the online continuing education, logging in becomes hassle free as there is no password system that could complicate things. Instead there are a lot of free books online for your course study depending on the topic you want certification in.
3. There is a big benefit with the online insurance continuing education as you don’t have to pay until you attempt the exam and get through it successfully. Wouldn’t that be an added advantage especially if you wish attempting a particular exam more than once if you haven’t got through?
4. The courses online are on various topics like health, safety etc. and of course the latest versions are the ones you could access at any point of time.
5. The course can be taken by you at your own time and you are your own boss. The pressure of competition doesn’t exist and at the same time you could find yourself progressing at your own pace.
6. Knowledge acquired here can also be researched online and learning is more authentic as a person taking up an enhancement course in a particular topic has his objectives pretty clear.

For instance let’s say you are from Illinois, you could without hesitation get enrolled with one of the online sites that provides insurance continuing education Illinois based that will have very different rules from that of another state. Therefore depending on the state you are selling insurance policies, it is needless to say that you take up the training concerning the upgraded rules of that particular state. Since every state in America has different norms with regard to selling insurance policies depending on a lot of factors, an insurance agent’s continuing educating is obviously based on the new strategies and policies for the insurance sector laid by the relevant state.