The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>Insurance

Should I get involved in the insurance industry?


If I had an opportunity to be in the insurance industry shoudl I do it? Here is the what I need to know before making the jump:
1) do you have to be incredibly agressive in order to succeed.
2) Do I have to put any money up front for anything and last but not least
3) If I were to do it, could I have a social life too or do I have to be a workaholic
I would like to know if there is anyone in the field that has ever felt like this.....I would like to hear your experiences.

As long as you aren't doing sales, you don't need to do any of the above. But the big bucks are in sales. It's a tradeoff.

It's a decent field to be in. Good job security. ;-)

Answer to all your questions is Yes

I think you are equating insurance with sales. There are millions of people working in insurance who don't do sales: accountants, actuaries, claims adjusters, file clerks, human resource, lawyers, programmers, undewriters, etc.

The world will always need insurance: life, health, property, liability, etc.

It has been a good career for me.

Asking if you should get involved in the insurance industry is a lot like asking if you should get into the entertainment business or law or any other field.

The bottom line is that there are several jobs/careers that can be taken up and unless you have an idea of where you want to move within the insurance industry I suggest you take some time to research the field and gain a greater understanding of the career paths, necessary education, good companies to work for, etc.

Case in point, when I graduated from college I was desperate for a job and got offered a job as a claims assistant for the worker's comp division at AIG. I HATED IT and wanted to do something that was 1) more lucrative and 2) not so stressful. After talking to some people at AIG I discovered underwriting paid well and was a good place to put my college degree to use. Eventually I left AIG and now work for Fireman's Fund. Even in underwriting though you've got to decide whether you want to go to Personal lines (homes, autos, etc), Commercial (businesses, bldgs, etc), or Specialty (unusual business risks).

Take some time to do some research. Talk to people who work within insurance if you can. Understand that most people don't "plan" on working in the insurance field, it just kind of happens... as with my story. Once you gather some info and also understand what type of person you are (a good salesman would prob do well as an agent, an analytical person would prob make a good underwriter, etc.) you will be better equipped to answer that question for yourself.

Tags
  Renting & Real Estate   Personal Finance   Investing   Insurance   Credit   Corporations   Other - Careers & Employment
Related information
  • Workman's comp?

    OK, you got fired over it. NO biggie. You can't get workers comp over being fired - it pays your medical bills, though, and lost wages while you're disabled. If you didn't go t...

  • MCD Eligibility - Who is eligible?

    What's MCD? If it's a medicaid aka welfare based insurance, you have to go to the website, and plug in the total number of household members, and the total household income. Likely ...

  • Can I pay my health insurance premium with funds from my HSA?

    No. You have to pay the premiums with after-tax dollars. However, because your deductible is high, your premiums are low. In addition, by paying your deductible out of your HSA account, your health...

  • What is a "soft hit" on my credit rating?

    This is an inquiry that should not affect your credit score. This is a different inquiry than if you take out a loan. That type of inquiry can affect your credit score.

    ...
  • What is the difference b/n guess and estimate?

    A guess is an unsupported prediction. No facts just a guess. An estimate, on the other hand, is a prediction based on previous experience or on documented facts (i.e. cost of the parts and the l...

  • What does health insurance usually cover?

    It depends on the type of plan. Hospitalization only covers you if you're admitted into the hospital. Major Medical often covers both inpatient hospitalizations and outpatient care in a doctor...

  • Saint joseph mo. unemployment claims?

    go to www.workerscompensation.com. click on your state. (They are listed on the left hand side) All the information you need for your state/contacts will come up

    ...
  • Who is a good auto insurance broker in Chicago?

    Find one through this website: www.iiaa.org

    ...
  •  

    Commerce Categories--Copyright/IP Policy--Contact Webmaster