Life Insurance Broker
Job Description

Life Insurance Broker Job Description

Life Insurance Broker Job Overview

A life insurance broker is responsible for the overall financial performance of a branch office at an insurance company. To achieve the branch’s set targets, the life insurance broker must recruit, train, develop, and supervise life insurance agents to gain new clients and drive sales. They also need to maximize profits and minimize risk and liability regarding payment of future benefits by analyzing actuary data and strategically setting life insurance premiums for policyholders. Other duties include overseeing insurance claims investigations to make sure staff complies with regulations and reviewing existing company policies and making recommendations for improvement. Life insurance brokers typically work full-time at an insurance agency or firm.

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Life Insurance Broker Job Template

Life Insurance Broker Job Summary

Are you interested in recruiting, training, and developing your own team of financial professionals? If so, we’re looking for you! We’re expanding our agency and looking for top-notch life insurance brokers to find top talent and lead teams of life insurance sales agents to success. Job seekers should be self-driven, motivated insurance professionals eager to maximize their earning potential and put their leadership skills to the test. Ready to accept the challenge? Apply now!

Location

Ashburn, VA

Life Insurance Broker Responsibilities

  • Oversee the financial performance of the branch office to ensure we’re meeting sales targets
  • Recruit, train, develop, and supervise life insurance agents with high potential and turn them into top performers to gain new customers and drive sales
  • Handle risk management and liability regarding payments of future benefits and maximize profit for the branch by analyzing actuary data and strategically setting premiums
  • Make sure staff are following ethical and legal compliance regulations when handling insurance investigation claims
  • Review existing company policies, make recommendations for improvements and implement new policies for the branch as needed

Life Insurance Broker Qualifications

  • Bachelor’s degree in business administration or finance
  • 5+ years of experience in a supervisory position in the insurance industry
  • Series 6, 63, 26 licenses required, 65 and 66 licenses preferred
  • Must be well-versed in the different types of insurance and insurance plans including term life, whole life, universal life, variable life, variable universal life, simplified issue life, guaranteed issue life, final expense, and group life, current life insurance policies, policy requirements, laws, and regulations
  • Excellent management, leadership, interpersonal skills, and communication skills

Life Insurance Broker Compensation

$69,737 (National Average)

High Quality

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Faster Hire

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DISC Optimized

This template has been written for the ideal life insurance broker's personality type.

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