Did you know? The insurance industry is losing lots of seasoned professionals due to retirement. As a result, the need for new insurance agents is climbing. I had the pleasure of working with two independent agents from Aflac recently who spoke about how to become an independent insurance agent. [Watch the video above to meet Evan and Matt - they're very nice guys.] My task was to explore why being and independent agent could be a great career move for many professionals. I've already written about the power of being an independent agent in terms of it's ability to make you an instant entrepreneur. Now, here are four more upsides I learned about with respect to this career path at Aflac:
Upsides Of Being An "IC"Independent Contractors, or “ICs” as they are called, don’t work directly for a company. Instead they partner with a company to deliver their services. Did you know it’s predicted as much as 40% of the American workforce will be ICs in the next decade? Companies can’t offer the kind of job stability they did in the past. In fact, today, every job is temporary. That’s why people are taking the situation in their own hands and becoming ICs - so they can learn how to have more control over their professional destiny in an uncertain labor market. Plus, they love being their own bosses! Now, some people are “freelance” ICs, meaning they go out and find companies and try to sell them their expertise. Like software engineers or digital marketing consultants. This can be harder to be successful at because you are all on your own. But, what if you could work for yourself, but not by yourself?
Independent Agents = Instant EntrepreneurThere is another kind of IC that many people don’t know about. They are independent agents of a business. For example, Aflac*, the insurance company, hires Independent Contractors as their insurance agents. One of the best things about being this type of IC is that it works very similarly to franchise businesses. You get all the training, support, and brand recognition of the company, which increases your ability to be successful. For example, with Aflac:
- They provide extensive training, and they offer it in various formats to support your preferred way of learning. Whether you like a classroom setting, or online tools and materials, they provide hands-on support to help their insurance agents get up-to-speed to grow and prosper.
- Additionally, Aflac is a Fortune 500 company and has been on the list of the World’s Most Ethical Companies** for 10 consecutive years. Having a reputation like that behind you as an insurance agent makes it much easier to prove to customers they are working with a good company.
- And, being an insurance agent with Aflac has financial perks too. Besides unlimited earning power, there are trips, awards and even stock bonus contributions for top performers.
Welcome to our new show Career Lab that airs on Wednesday at 2pm EST. In this Professional Independence Project inspired episode, J.T. talks about why becoming an independent contractor is not only important but going to become the norm by 2020. Get a head of the curve and start your path to professional independence today. The Professional Independence Project is a month long initiative that CAREEREALISM is hosting for the month of October. Learn more and sign up HERE.