by leblance » Tue Oct 07, 2008 03:30 am
I am currently licensed for life/health, I am trying to see the benefits of getting a property and casualty license, what are the pros and cons as far as earning potential?
Posted: Wed Oct 15, 2008 05:48 am Post Subject:
Hi leblance, welcome on board.
If you'd like to explore the property and casualty line of insurance you can always do so since it offers more scopes of business. However, in terms of earning the life/health the agents earn more on commission as well as renewal than the P&C agents.
Exploring little bit more on the business opportunities before taking the decision would be great.
~Jeremy
Posted: Wed Oct 15, 2008 06:05 am Post Subject:
I think the earning opportunity will largely depend upon whether you choose to become independent or decides to become captive. Since the captive agent will earn remuneration therefore will definitely earn less in terms of commission.
Keep in mind that the P&C line of insurance is more competitive than the life and health with hundreds of agents fighting over the fixed size of market. This may also limit your opportunities of making big bucks
However, before embarking on the new career you're required to obtain the license of sell P&C insurance in your locality. Once you obtain the license you'll be required to set-up contracts with the insurance companies. Some insurance companies may request for minimum premium requirement, i.e. you're required to generate the minimum amount of business everytime to retain the partnership. This too an important factor to know before taking the decision.
Wishing you luck!!
Posted: Thu Dec 02, 2010 08:41 am Post Subject:
Any updated information regarding this question? "I am currently licensed for life/health, I am trying to see the benefits of getting a property and casualty license, what are the pros and cons as far as earning potential?"
Posted: Mon Dec 06, 2010 10:04 am Post Subject:
Updated information? Not much has changed in several decades. If you want to market homeowner's or auto insurance, commercial insurances, worker's compensation, then you need a P&C license (some states will allow L&H agents to transact worker's comp).
Pros and cons? No work . . . no pay. That could be a pro or a con. So could the opposite.
Posted: Sat Jan 29, 2011 02:11 am Post Subject: P & C license
Just took the TX P & C test. HARD!!! Take a class do not do this on your own.
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