The insurance and financial services industry can be intimidating for newcomers. However, with the right knowledge and resources, it is possible to find success in the field.
Here are a few tips to help you get started:
There's a lot to learn, but it is important to understand the different options before you start selling. To help your clients choose the best option for them, you first have to know what options are available.
A niche is a market segment or group of potential customers with specific characteristics that make it different from other market segments. Developing a niche can help you:
The insurance and financial services industry is built on relationships. Building client relationships is important because it helps agents and advisors better understand their customers' needs and desires and earn their trust.
Networking is also an essential part of insurance and financial services. Whether you're just starting out or a seasoned veteran, there will always be someone with more experience in a given area. Connect with other NAIFA members to share business ideas and develop mentoring relationships.
Insurance and financial services involve a lot of paperwork—whether vitrtual or on paper—so staying organized and on top of your administrative tasks is essential. Staying organized can help you reduce stress, save time, and improve productivity.
This business will have ups and downs, but it is important to persevere through the tough times. Finding a mentor, whether inside your company or through networking with NAIFA, can go a long way toward helping you succeed.
NAIFA offers great resources for advisors and agents just starting out. NAIFA's Leadership in Life Institute (LILI) is a six-month leadership development program devoted to advancing your personal growth and professional success. The LILI program recently received ASAE's 2022 Power of Associations Gold Award.
You can also access our Talent Development Center Webinar Archives for expert advice from seasoned industry veterans, with topics including retirement planning, estate planning, reverse mortgages, reaching underserved markets, and more. You can also find insights on building your practice in our Business Performance Center Webinar Archives.
NAIFA also offers two designations: Life Underwriter Training Council Fellow (LUTCF) and Life and Annuity Certified Professional (LACP). These designations help you build trust with your clients and prospects by letting them know your advice can be trusted.
With these tips and NAIFA's membership benefits, you'll be well on your way toward a long and prosperous career.