Why The Life Insurance Industry Is Attracting A Lot of Corporate Talent
What do you think of when you think of starting a business in real estate?? Fancy. Luxury. High-style. How about starting a PR agency? Celebrity clients. VIP events. Television.
How about life insurance? You might be thinking of a boring man or woman behind a gray desk. Or maybe a man with a red polo shirt. Nothing too exciting.
For decades, our society has been downplaying essential industries that help families with basic structure and knowledge like personal finance and protection. In the 70's there were about 500,000 life insurance agents in the United States servicing 300mil + people. In 2013, there were about 169,000 life insurance agents servicing almost double that population. A lot less agents for the amount of people who need it.
The life insurance industry has not done a great job at recruiting new talent to the industry and a bad job at showing off all the perks of becoming a professional and business owner in this industry.
In addition, because of the lack of agents and life insurance agencies, the middle class have suffered from a tremendous lack of education of the power and necessity of life insurance for each and every family. This is a huge problem.
But this is where the opportunity lies.
What is life insurance?
According to lifehappens.org, In the event of a tragedy, life insurance proceeds can:
- Pay for funeral costs
- Help pay the bills and meet ongoing living expenses
- Pay off outstanding debt, including credit cards and the mortgage
- Continue a family business
- Finance future needs like your children’s education
- Protect a spouse’s retirement plans
In addition, life insurance is one of the greatest tools for wealth transfer that the wealthy use and an additional retirement vehicle where you have tax-free benefits where you will also never lose in the event the stock market experiences losses.
Life insurance is greatly underused by middle class Americans to secure and protect their assets now and for generations ahead.
The need for more agents, agency owners and builders
For those who understand and see the opportunity for growth in this industry, the need for support in communities across the country and vision to build big, the life insurance industry is a place where talent, experience, hard work, grit and tenacity to go for the long-term will pay off.
Life insurance is a very noble industry with the most exciting compensation for those who see the value of how to protect working class families.
Attracting Corporate Talent
For many corporate workers and executives who have spent their whole careers building teams, developing national projects, launching new initiatives and more, the life insurance industry has become a place where they are able to exercise all their corporate knowledge to build their own businesses.
With the pandemic we are facing, lots of jobs are on the line -- even those of six figures -- and professionals are looking for where they can build their own corporations within an essential industry. And they are quickly finding out about the insurance industry's life insurance sector and building within it.
Learn More What The Life Insurance Industry Can Do For You
To learn more about how you can possibly build your own business in the essential industry of life insurance, attend a free webinar and register today.
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