How to Choose Which Insurance Company to Work For

choosing an insurance company to work forChoosing which companies to approach during your job search, and which offers to accept, are vital decisions for your career. You want to choose a company which is aligned with your own approach to insurance, is honest and sincere, and has a good reputation. You don’t want to join a company with PR problems, or one which customers do not trust. In addition, if you plan to make insurance sales your life career, you want a company you can stay with.

Here are a few ideas to help you find a company that is right for you:

1) Check their reputation online and in the “real world.” The most important thing about a company is that it is trustworthy and respected by the public. There will always be issues that a company couldn’t resolve with a customer, and it is not even uncommon to find a company that has been sued. Because of the nature of the business of insurance, some customers feel they were done wrong because they were not paid for a claim, even if they were dishonest, or did not understand their policy. Regardless, make sure you choose an insurance company that has integrity, puts the customer first and tries to help them any way they can. This helps YOU too.

2) Talk to customers who own policies from the company. This is a good way to find out how the company does business. If customers say the company is fair, listens to them, and tries to help, that is a good sign of a company of integrity that you would want to be associated with. Avoid companies whose customers say they sell them the highest premium possible, cancel premiums without warning, or fail to pay on claims.

3) Go to the company’s website. You can find out a lot about a company from the website. And, while this often shows the company in the best light possible, it also has contact information, client testimonials, and other information. Use this information to get a feel for the company’s business practices and procedures. Compare the websites of different companies you’re considering. Whose site is the most helpful? What tone does each website set? Also check out their “Careers” link and see what their policies are for employees.

It’s a good idea to look at a company “from both sides.” Look into how they treat their customers, as well as their employees, to get a sense of how they do business. Then contact the company and ask any questions you might have, or go in to a local office and talk to them in person. With time, you’ll find the company that’s right for you!

Strategies for Passing Your CE Exams

passing insurance ce examsDo you often find yourself having to retake your CE exams? Here are some practical tips on how to pass these assessments the first time:

1) Look for generalities. When reviewing your materials in preparation for the test, pay attention to large headings and focus on those first. Most tests emphasize the general first, specific second. In other words, if the course is on Ethics, look at the key points in the course and highlight these. There may be subheadings, such as Honesty in Transactions, Errors and Omissions, or the like. Focus on these general areas and know what they mean, and how they apply in a practical sense.

2) Focus on important details. Most of the CE exams focus on specifics that have to do with the process, law, or ethics of insurance sales careers. Don’t try to memorize everything, only those things which are of great significance. There is a lot of other information in the courses to add meat to the material. But the tests tend to include only the most important points.

3) Apply it to the real world. The purpose of insurance CE is, after all, to teach agents to use what they learn in the real world. There are always some questions which have you apply your knowledge to specific situations. So, know how to use the information in your own practice and this will help you pass the tests.

4) Apply test-taking strategies. Just like in school, it helps to know a few test strategies. For example, most test items are multiple choice. Cross out choices which don’t make sense so you can forget about them, and look for specific words which make a statement false. In addition, if you don’t know a question, skip it and come back to it later. Often, answering the other questions helps you remember the answer for the one you had trouble with, and you can go back to it before you complete the test.

5) Relax and don’t stress. This is easier said than done. But test anxiety can play a role here. Though CE tests are not usually timed, people feel some stress because they know their license depends on their passing. However, just remind yourself that you can take the test over as many times as you need to in order to pass. So it’s not the end of the world if you have to retake it.

In addition to these basic tips and strategies, also try to keep up with the latest laws and trends in the field of insurance. The more you know about what’s happening in your field, the better general and specific knowledge you will have. This will not only help you pass the CE exams, but also help you be a better agent and apply the information to your own insurance career.

Good luck on your next CE exams! You’ll do great!