Industry insights

Recruiting Insurance Agents: The Details You Need to Know

Insurance agent recruitment is critical for agency growth, yet many agencies grapple with this challenging task. Mastering how to recruit insurance agents can seem daunting, but fear not. This post provides insightful tips to enhance your insurance agent recruiting strategy, and guidance on how to hire insurance agents effectively, propelling your agency’s growth.

Within the hypercompetitive business environment of life insurance, attracting top talent means the difference between success and failure.

Let’s examine some of the life insurance agent recruitment strategies that can elevate your growing agency.

Why You Should Consider Recruiting Life Insurance Agents

Insurance agent recruitment is not a one-time task but a continuous process vital for agency success. Crafting a strategic plan on how to recruit insurance agents, tailored to your specific agency goals, is important. Having a well-thought-out plan ensures you’re aligning your recruitment efforts with your business objectives.

Management of your candidate pipeline should be an ongoing task. Regular updates and evaluations are necessary for a successful insurance agent recruiting process. By doing this, you not only maintain a steady influx of potential hires but also streamline your approach to hiring an insurance agent or multiple agents.

Through consistent pipeline management, you’ll ensure that your agency has the right agents onboard to meet your goals.

When You Should Start Recruiting Insurance Agents

Creating both passive and active approaches is recommended for recruiting life insurance agents that are masters at the art of selling life insurance.

Active insurance agent recruiting techniques may involve directly reaching out to potential candidates or engaging in hiring events. 

On the other hand, passive strategies could include steps like optimizing your life insurance agency’s website or career page for recruitment, making it easy for prospective agents to understand what you offer, thus helping in how to recruit insurance agents or even how to recruit life insurance agents specifically. 

By combining these approaches, you can ensure a diverse and steady stream of potential hires, optimizing your process on how to hire an insurance agent effectively.

Life Insurance Recruitment: Where to Look

Finding the right candidates for insurance agent recruitment is no small task. There’s no one-stop hub for recruiting insurance agents, particularly life insurance agents.

Recruiting high-performing life insurance agents adds to the challenge. These standout individuals are often sought by many, making the competition stiff.

Some options for recruiting life insurance agents could include:

  • Reaching out across social media.
  • Looking up university alumni.
  • Asking current agents for referrals.
  • Hiring a freelancer.

Everyone has avenues for recruitment. Figuring out how to recruit insurance agent wizards is largely a matter of experimentation.

Qualities to Look For When Recruiting Life Insurance Agents

Primarily, agents should possess sales or business acumen, a critical factor in insurance agent recruitment. These prospects must be prioritized since selling is the heart of our business.

The ability to drive sales and engage with clients effectively forms the cornerstone of a successful insurance agent’s role.

Your prospective agent doesn’t need to be among the absolute elite, but they should ideally fall within the top 20% of performers in sales. This ensures a level of competency and success crucial for the insurance industry.

Business ownership is also a highly prized asset in an agent. Growing agencies are not looking for another number; they are looking for people committed to business growth. Some top insurance agent recruiters are even looking for people willing to put some skin in the game.

Depending on your business model, this may or may not be a factor in your recruitment process.

Finally, some technical expertise is an ideal bonus. When using modern, state-of-the-art insurance selling platforms like iLife, being forward-thinking makes it easier for new agents to transition into your existing business structure.

Learn more about iLife Resources and Articles

How to Recruit Insurance Agents 

The difficult part of growth and expansion is insurance agent recruitment. While hiring the first batch of candidates that comes through might be tempting, take a step back and be more discerning.

Hiring the wrong person could cause serious problems for your agency and hamper its growth. Here are some insurance agent recruitment strategies for finding your next top star.

1. Turn to Social Media for Prospects

Any top salesperson will have an active LinkedIn presence. The first step in securing any sales role in any niche is to be able to sell yourself. A professional, solid social media profile is selling the potential agent themselves.

Examine their profile and assess the image they’re trying to project. Put yourself in your client’s shoes because this is the type of thing that will determine whether a lead turns into a paying customer.

Don’t expect a reply from everybody, particularly if they already have a successful sales career, but a cold message could yield replies from those you didn’t expect.

2.    Check Out Local Universities

Not every hire needs to be a high-powered agent with a long history of selling. If your life insurance business is ready to give a newbie a chance to be nurtured, reach out to local universities.

Your nearest university can prove to be an excellent hunting ground because it looks good for educational institutions if they can place their graduating students into jobs immediately.

Contact your local career resources centers and ask them to list the position at your agency. See who applies and assess them. Remember, you’re evaluating a newbie against a completely different set of characteristics than someone who has already spent years in the business.

Naturally, the success of this strategy largely depends on where your agency is physically located.

3. Meticulously Plan Your Interview

An interview isn’t merely a social exchange; it’s integral to your agency’s strategic roadmap to success. Evade the tendency to conduct interviews solely for familiarizing with a candidate’s resume. Be candid about the realities of this industry, equally illuminating the potential hurdles and rewards they may encounter. 

Don’t limit your interaction to the discussion—assign tasks to provide insight into their prospective field performance.

Here are some ideas for tasks to set during interviews:

  • Give them one of your most popular life insurance policies and ask them to pitch it to you.
  • Get them to complete basic tasks, such as filling in a spreadsheet or filling in a fictional client’s form.
  • Set some puzzles to get a better idea of how they confront problems.
  • Provide them with a client profile and ask them to choose the most appropriate life insurance policy for them.
  • Ask them to memorize client details and pitch them back to you.

These tasks can help you understand whether they can put their words into action with a real prospect.

4. Trust Your Instinct

Trust your instinct. As a seasoned life insurance professional, you’ve honed the skill of spotting unfavorable traits and dishonesty. Prompt candidates with challenging inquiries and problems to gauge their responses. 

The goal isn’t to hear agreeable answers but to gain deeper insight into their character and demeanor. If your instincts suggest something’s off about a candidate, it’s crucial to heed that inner voice.

5. Consider Hiring a Specialist Recruitment Agency

Your life insurance agency recruitment blueprint could include calling in the help of a specialist recruitment agency. While you’ll always be responsible for making the final decision, a recruiting firm helps by providing a shortlist for you to work from.

So, how do you increase your chances of finding the right candidate via a recruitment agent?

  • Provide clear guidance on who the right candidate for you is.
  • Offer specifics about the potential pay/benefits of joining your agency.
  • Describe realistic career prospects.

The more information you provide about the role, your existing team, and what you expect from a new addition, the better quality of candidate you’ll get in return.

For agents who have never sought a recruitment agency’s services before, reach out to other figures within your industry for recommendations.

Learn more about iLife pricing Learn more about mobile iLife pricing

6. Hire a Freelance Agent

Freelance agents offer the best of both worlds. While they might not be fully committed to you for the long haul, they also provide you with a sample without needing to fully onboard them as a full member of your life insurance agency.

The life insurance agency is similar to every other type of sales job in that there’s a much higher than average turnover rate. It’s the self-starters that can derive motivation without a manager looking over their shoulders that tend to survive.

Freelancers, by their nature, are self-motivated individuals because, otherwise, they wouldn’t have an income. Turning to freelancers can also help you reduce a high turnover rate and establish a level of stability.

There are plenty of places to find freelancers, including platforms like UpWork or job boards.

7. Make Attitude a Top Priority

A track record of sales success is a huge part of recruiting life insurance agents, but too many agencies use this trait as the sole reason to hire or not to hire someone.

Unfortunately, production alone doesn’t determine whether a candidate will be a good fit for your team. Even the best seller in the world can destroy a team’s morale if they have a toxic attitude.

Never hire someone with a bad attitude. Attitudes are nearly impossible to change without a considerable amount of work, and rarely is it worth the time or the effort in an industry as competitive as life insurance.

When interviewing a candidate, note their attitude. Ask the following questions:

  • Do they seem bored by the sound of their role?
  • Are they enthusiastic about the job, or are they focused more on the money?
  • Can they handle difficult questions with grace?

A candidate’s attitude tells you a lot about how they’re likely to work within your agency.

Within an interview setting, a candidate is there to show the best version of themselves. If they fail to do that, they’re unlikely to get better when they start working.

People with bad attitudes usually crack under pressure, display little loyalty, and walk out when the going gets tough. These are not the people you can rely on.

In short, the enthusiastic candidate should always outweigh the bad attitude with a better sales record.

8. Challenge Their Views During the Interview

It may seem counterproductive to be combative within an interview, but the process of recruiting life insurance agents is different.

Begin this process by asking them for a personal opinion on the business. Regardless of their reply, respectfully disagree with their opinion. This is a form of rejection, and life insurance sales is a business defined by rejection.

How did they react to the situation? Did they go on the defensive? Did they crumble and mumble their agreement? Did they have a respectful debate on the issue?

Note your reaction to their reaction. If you felt angry or offended by how they responded, this is exactly how a prospect would feel if they challenged the candidate. In other words, this candidate is going to lose you that potential client.

Great sellers handle a challenge with charm and grace. These are the superstars you want to add to your team.

9. Look for Additional Skills

Most recruitment guides focus on the aspects of a sales agent you would expect, such as their interpersonal skills, sales success, and wit.

On the other hand, every new agent can alter your team and bring a fresh new perspective to life insurance sales strategies.

Search for candidates with additional life skills, such as:

  • Knowledge of additional languages
  • Travel experience 
  • Evidence of overcoming significant challenges

Those with additional skills are more likely to bring a stroke of creativity to your agency. In particular, natural teachers are a major asset to any agency as they can nurture future talent and prove to be a pillar of support for your organization.

Get to know more than the life insurance agent. Get to know the person behind the title.

10. Do Away with the One-on-One Interview

No insurance agent is infallible, and the same goes for you. A candidate you may dismiss may have something in them that your top producer sees. Panel interviews are an excellent alternative to the traditional one-on-one interview.

One of the most highly effective insurance agent recruitment strategies is the panel interview. The most senior members of your agency can play a role in assessing a new candidate and helping to determine whether they are the right fit.

It also boosts morale within your team because you’re showing that you value the members of your team and their views.

Plus, if a candidate gets hired via a panel interview, the team already has a good grasp of who this person is, so they’re better positioned to help develop that recruit’s skills.

11. Always Keep Recruiting

Even after you’ve chosen your next hire, insurance agency recruitment should never stop. High turnover rates are an unfortunate side effect of this industry.

Restarting insurance agent recruiting every few months is costly and time-consuming. It’s a major disruptor for even the largest agencies. Maintain a constant flow of leads into your business.

While you may choose not to interview them in person at this stage, remaining in contact and keeping a database of qualified candidates can shorten the time it takes to fill an open position.

Constant recruiting also makes it more likely that you’ll find your next top seller.

Begin by adding a careers page on the website of your agency. With the iLife platform, this can be done with no coding experience. Keep it regularly updated and include the following:

  • Maintain a Blog – Provide regular updates full of information on the life insurance business and what’s possible. Case studies and success stories can help keep things fresh. It’s also an excellent SEO promotional tactic.
  • Invite Queries – Always keep your channels open for queries. Even if you’re not currently hiring, engage with interested parties and build relationships with promising candidates for the future.
  • Run Internships – Go one step further and offer temporary internships for those with less experience. Nurture a candidate early, and they could become an asset for the future.

Your tactics for breeding the next generation of life insurance agents depend on your time, resources, and business model. Tailor your recruitment funnel accordingly.

Conclusion

Recruitment is the lifeblood of an agency that grows and expands long into the future. For additional tips on improving recruiting, including how to create your recruiting value proposition, you may find our resource “The Guide To Using Technology To Win Over New Life Insurance Recruits” useful. 

Our life insurance CRM software provides all the tools you need to run your life insurance agency in one hub. Enhance your agents’ productivity levels while showcasing your unwavering commitment to their success by equipping them with cutting-edge technology that maximizes efficiency and productivity.

Make your brokerage more agile and more profitable with the intelligent iLife insurance platform. Learn more about iLife and get in touch now.

Never Fall Behind on Industry Insights

Almost Done

No Spam. Only Value.

*Email must be formatted correctly.

Check Out More Industry Insights

Discover how iLife, the number one life insurance agency CRM, transformed Healthcare Genius into a more efficient, productive, and cost-effective agency.

Happy National Life Insurance Day! Like most financial products, the concept of life insurance is a relatively modern invention. In

When it comes to any career, sometimes a change is necessary. For licensed insurance agents, that change may mean taking