If you’re an aspiring insurance seller looking for a high-growth market, now is the time to get into mortgage protection insurance.
On the back of a booming US real estate sector, the market for mortgage protection insurance is predicted to skyrocket in the coming years.
But what is mortgage protection? A mortgage protection agent sells insurance to homeowners that protects them in the event of the death or disability of the primary wage earner.
It guarantees that the family will not have to worry about mortgage payments at all, since the insurance will pay these on their behalf.
If you want to make a rewarding winning protecting families and their homes, here’s how to become a top-notch mortgage protection agent.
Educate Yourself on Mortgage Protection
Your first step towards becoming a successful agent is studying up.
You’ll need to know all of the mortgage options that people can get, how the insurance market works, and how to sell mortgage protection to the people that need it.
You can opt for an accredited online course, or you can enroll in a higher education program that teaches you the essentials of selling insurance.
By educating yourself, you can acquire the resources you need to become a successful agent.
Get Your License
Whether you decide to work for a mortgage protection agency or go solo, you need your license.
Before you sell any kind of insurance whatsoever, you must pass the state insurance licensing exam, which demonstrates that you know how to legally sell insurance to US customers.
You may also need to complete pre-licensing requirements, depending on which state you live in. Without a license, you cannot legally sell mortgage protection insurance.
Choose Your Path
So you’re ready to start selling customers on protecting your mortgage. Now, you must decide how exactly you wish to operate. Many agents will join a dedicated insurance agency, either as an employee or a contractor.
An agency can help you find leads and can offer your customers peace of mind since you can prove you are backed by a major company.
However, you may make less money and have more of your earnings go to the agency. This is why many agents opt to go down the solo path.
Invest in Quality Leads
Unless you plan on being a door-to-door insurance salesperson, you need high-quality leads.
These are potential customers that are most likely to respond to your sales efforts and will take less time to convert from leads to lifelong customers.
Since you will not be able to find out who these people are by yourself, you should consider purchasing mortgage protection leads from a trustworthy market research company.
This will save you resources and ensure that you do not waste anyone’s time.
Follow Your Dreams in 2022
Becoming a successful mortgage protection seller is not easy, but it is worth the effort. By following these steps, you can begin your journey to a high-earning career based on helping families get the security they need.
For more tips on how to make a positive change and pursue your dream, we are here to help.
Our dedicated Business section has in-depth tips on how to get qualified for the job you want, starting today.
