How Insurance Continuing Education Benefits the Agent, Insurance Company, and Client
Education is one of the most sought after characteristics by almost every employer. They want their employees to be competent, skilled, and smart. Training can certainly help, but a formal education cannot be replaced. Professionals of all kind have to complete continuing education courses to keep their license active. They must renew their license through their state every 1-3 years depending on what industry they are in and what license(s) they hold. Insurance professionals are no different. Insurance agents are accountable for a lot of money and help a lot of individuals and families make very important decisions on a day-to-to basis. In this article we are going to discuss how insurance continuing education can benefit the agent, the insurance company they represent, and the clients they serve.
Continuing education helps the insurance agent because it solidifies their knowledge in the field. They know they have the most up to date information to share with their clients. Each year rules and regulations may change from state to state so continuing education is very important. The agent can be confident they are acting ethical and sharing all of the correct information with their prospective clients. Education also keeps their license active. If the insurance agent falls behind on their continuing education credits they could receive fines and have their license suspended.
Insurance companies are worth millions, sometimes billions of dollars. They need to make sure the agents that represent them are professional, ethical, and knowledgeable in the products they are selling. Education is one way to ensure they are doing exactly what they are supposed to. They learn the new laws to avoid insurance fraud and can sell their clients the best products possible to fit their needs. The more education their producers have the better off they will be. Many insurance companies even pay for their agent’s continuing education classes.
Finally, the client’s insurance agents serve benefit from insurance continuing education courses. The individuals and families purchasing a life insurance policy know their agent is up to date on the best products available for their individual needs. They can rest assure when they are making this very big decision. If the client does not purchase the correct policy their family/beneficiaries could suffer greatly.
As you can see the more education an insurance professional has the better off they will be. Education is meant to enhance the knowledge of the producer so they can be efficient, knowledgeable, and up to speed on the latest rules and regulations their state enforces.