Life Insurance Agent Job Description [Updated for 2025]

life insurance agent job description

In the modern era, the focus on life insurance agents has never been more prominent.

As economic landscapes evolve and life expectancy rises, the demand for skilled professionals who can navigate, promote, and protect our life insurance needs has amplified.

But let’s delve deeper: What’s truly expected from a life insurance agent?

Whether you are:

  • A job seeker trying to understand the core of this role,
  • A hiring manager outlining the perfect candidate,
  • Or simply intrigued by the intricacies of life insurance,

You’re in the right place.

Today, we present a customizable life insurance agent job description template, designed for effortless posting on job boards or career sites.

Let’s get started.

Life Insurance Agent Duties and Responsibilities

Life Insurance Agents are primarily focused on selling life insurance policies and annuities to clients.

They build a network of clients and advise them on the most suitable insurance policy plans.

Life Insurance Agents have the following duties and responsibilities:

  • Prospect and network to find potential clients
  • Explain the various types of life insurance policies to clients
  • Recommend the most suitable policy based on the client’s financial status, needs and goals
  • Ensure that policy requirements are fulfilled, including completion of necessary medical examinations
  • Collect premiums from policyholders and keep records of policy plans and transactions
  • Assist clients in making claims on their policies
  • Update clients on any policy changes or new products
  • Help policyholders settle insurance claims in the event of a death
  • Maintain knowledge of the insurance market and insurance law

 

Life Insurance Agent Job Description Template

Job Brief

We are seeking a dedicated Life Insurance Agent to join our team and provide clients with essential planning and coverage.

Your responsibilities will include understanding the needs of clients, explaining different policy types, conducting risk assessments, and preparing and presenting proposals.

The ideal candidate has exceptional communication skills, a deep understanding of life insurance policies, and a passion for helping clients secure their financial futures.

 

Responsibilities

  • Evaluate client needs and financial resources to recommend suitable insurance plans.
  • Explain the features, advantages and disadvantages of various policies to promote sale of insurance plans.
  • Calculate premiums and establish payment methods.
  • Interview prospective clients to obtain data about their financial resources and discuss existing coverage.
  • Perform administrative tasks, such as maintaining records and handling policy renewals.
  • Assist clients in making decisions about their insurance needs and options.
  • Monitor insurance claims to ensure they are settled equitably for both the client and the insurer.

 

Qualifications

  • Proven experience as a life insurance agent or relevant sales role.
  • Knowledge of all types of life insurance plans including term, whole, and universal life insurance.
  • Familiarity with computer systems, cloud network databases, and customer relationship management (CRM) software.
  • Strong communication, negotiation and sales skills.
  • Ability to work independently and maintain professional ethics.
  • High school diploma; BSc/BA in business or relevant field is a plus.
  • Valid license to practice as a life insurance agent.

 

Benefits

  • 401(k)
  • Health insurance
  • Dental insurance
  • Life insurance
  • Paid time off
  • Commission opportunities

 

Additional Information

  • Job Title: Life Insurance Agent
  • Work Environment: Office setting with options for remote work. Field work will be required for client meetings and consultations.
  • Reporting Structure: Reports to the Insurance Sales Manager or Agency Owner.
  • Salary: Base salary plus commission. Salary is based upon candidate experience and qualifications, as well as market and business considerations.
  • Pay Range: $50,000 minimum to $75,000 maximum excluding commission.
  • Location: [City, State] (specify the location or indicate if remote)
  • Employment Type: Full-time
  • Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
  • Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Life Insurance Agent Do?

Life Insurance Agents work for insurance companies or as independent brokers.

They sell life insurance policies and annuities to clients.

These agents meet with potential clients to discuss their financial needs and future goals.

They evaluate their client’s financial situation and suggest appropriate insurance policies to meet these needs and goals.

Life Insurance Agents explain the features, advantages, and disadvantages of various policies to promote sale of insurance plans.

They also carry out administrative tasks such as maintaining and updating account records, and preparing reports.

Moreover, they facilitate claims processes for the client and work with adjusters, investigators, and claimants to coordinate the exchange of information.

They must stay updated with changes in tax laws, government benefits and other factors that can affect the insurance needs of clients.

In case of policy renewals, they assist the clients in updating and adjusting their policies according to their changed circumstances.

Life Insurance Agents must also continuously seek out new clients and develop clientele by networking to find new customers and generate lists of prospective clients.

 

Life Insurance Agent Qualifications and Skills

A proficient Life Insurance Agent should possess the skills and qualifications that align with the job role, including:

  • Excellent communication and interpersonal skills to explain complex policies to clients and understand their needs.
  • Outstanding customer service skills to build long-term relationships with clients and maintain client loyalty.
  • Strong sales skills to sell insurance policies and persuade clients to choose more comprehensive policies.
  • Good analytical skills to assess client needs and recommend suitable insurance policies accordingly.
  • Knowledge of a variety of insurance policies and understanding of the legal and regulatory norms of the insurance industry.
  • Negotiation skills to negotiate the best rates for insurance policies with clients.
  • Strong organizational skills for maintaining records of all policyholders and managing multiple clients simultaneously.
  • The ability to work independently, as well as part of a team to achieve sales targets.
  • Detail-oriented to ensure all paperwork is completed correctly and in a timely manner.
  • Problem-solving skills to assist clients with any claims or issues they may have.

 

Life Insurance Agent Experience Requirements

Life Insurance Agents generally require a minimum of a high school diploma or equivalent, although a bachelor’s degree in finance, business, or economics is often preferred.

There are also specific courses and licensing exams that these professionals must pass to become a Licensed Insurance Agent.

Aspiring Life Insurance Agents often start their career in customer service or sales roles, gaining practical experience in interacting with customers and understanding their needs.

Entry-level candidates may have 1 to 2 years of experience in these roles, or they may have completed internships in insurance companies.

Life Insurance Agents with 3 to 5 years of experience often have an established client base and have developed advanced skills in risk assessment, policy recommendations, and client servicing.

They may also be adept at using insurance-related software and tools.

Those with more than 5 years of experience often have managerial or leadership experience, having overseen junior agents or teams.

They may be ready for a role as a Sales Manager or Agency Manager in an insurance company.

Experience in financial planning, investment strategies, and estate planning can also be beneficial for senior roles in life insurance.

Continuing education is also a key part of a Life Insurance Agent’s career, as they need to stay updated on insurance laws, regulations, and products.

 

Life Insurance Agent Education and Training Requirements

To become a Life Insurance Agent, one typically needs to hold a high school diploma or an equivalent degree.

Many agents also hold a bachelor’s degree, often in business, finance, or a related field.

However, what is more important is the knowledge and understanding of finance, economics, and customer service, which can also be gained through work experience.

Life Insurance Agents are required to be licensed in the states where they plan to sell insurance.

To acquire a license, candidates must complete pre-licensing courses and pass state examinations.

These courses cover insurance ethics, different types of insurance policies, and the laws relating to insurance.

While not mandatory, some Life Insurance Agents opt to earn professional designations or certifications to demonstrate their expertise in the field.

These certifications, such as Chartered Life Underwriter (CLU) or Life Underwriter Training Council Fellow (LUTCF), can be obtained through various professional organizations and require ongoing education to maintain.

Many employers provide training to new hires to help them understand the specifics of their products and the nuances of the industry.

This training, often combined with mentorship, is critical in helping a new Life Insurance Agent start their career.

Lastly, successful Life Insurance Agents are continuously learning and staying updated on new products, policies, and regulations in the industry.

Hence, a commitment to lifelong learning is essential in this role.

 

Life Insurance Agent Salary Expectations

A Life Insurance Agent can expect to earn an average salary of $50,600 (USD) per year.

However, this amount can vary significantly based on factors such as level of experience, the size and location of the employer, and the specific type of life insurance being sold.

Additionally, many Life Insurance Agents earn commissions, which can significantly increase their overall earnings.

 

Life Insurance Agent Job Description FAQs

What skills does a Life Insurance Agent need?

Life Insurance Agents need a combination of sales and customer service skills.

This includes excellent communication and interpersonal skills to understand and fulfill the needs of clients.

They also need to have a good understanding of insurance policies and the ability to explain complex information in an easy to understand manner.

Attention to detail, problem-solving abilities, and a high level of professionalism are also key to success in this role.

 

Do Life Insurance Agents need a degree?

While a degree is not always required, many Life Insurance Agents hold a bachelor’s degree in business or a related field.

Regardless of education, all Life Insurance Agents must be licensed to sell insurance in their respective state.

This often involves completing pre-licensing courses and passing a state-administered exam.

 

What should you look for in a Life Insurance Agent resume?

When reviewing a Life Insurance Agent’s resume, first look for their licensing information to ensure they are legally allowed to sell insurance in your state.

Other important details include experience in sales or customer service roles, knowledge of various insurance products, and any demonstrated history of meeting or exceeding sales goals.

Additional training or certifications in insurance or financial planning could also be beneficial.

 

What qualities make a good Life Insurance Agent?

A good Life Insurance Agent is empathetic and customer-focused, understanding that purchasing life insurance is often a significant and emotional decision for clients.

They should be highly motivated and goal-oriented, as the role often involves meeting sales targets.

A good Life Insurance Agent also keeps up with changes in insurance policies and markets to provide the most up-to-date and accurate information to clients.

 

Is it difficult to hire Life Insurance Agents?

Hiring Life Insurance Agents can be challenging due to the specific skills and licensing requirements of the role.

As with any sales role, finding candidates who are not only qualified but also have a natural aptitude for sales can be a difficult task.

Offering competitive compensation, continuous training, and opportunities for advancement can help attract high-quality candidates.

 

Conclusion

And there you have it.

Today, we’ve delved into what it means to be a life insurance agent.

Surprised?

It’s not just about selling policies.

It’s about shaping the future of financial security, one policy at a time.

With our essential life insurance agent job description template and real-world examples, you’re prepared to take the next step.

But why settle there?

Go further with our job description generator. It’s your gateway to crafting precise job listings or honing your resume to perfection.

Remember:

Every policy sold is a step towards a safer future.

Let’s secure that future. Together.

Reasons to Become a Life Insurance Agent (Invest in Peace)

How to Become a Life Insurance Agent (Complete Guide)

Disadvantages of Being a Life Insurance Agent (Beneficiary Battles Begin)

Tech’s New Territory: Jobs That AI is Eyeing

Beyond Boring: Unusual Jobs That Spice Up the Workday

Happy at Work: The Most Enjoyable Jobs for a Fulfilling Career

Risky Rewards: The Highs and Lows of Working in Hazardous Fields

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *