Remote Insurance Sales Agent Position in Canada for 2024
A career in the insurance services industry offers a unique opportunity for those with a financial mindset and a passion for helping others. The role is ideal for individuals who are enthusiastic about building enduring client relationships while providing crucial financial planning, debt management and investment advice.
As a professional in this field, you will engage with clients to assess their financial needs, craft tailored solutions and offer guidance on various financial products, including life insurance and mutual funds. The position demands strong communication skills, a customer-centric approach and a commitment to ongoing learning and professional development.
Moreover, the commission-based compensation model in this career path allows for substantial earning potential. Employees can actively and passively generate income, with many part-time workers earning over $50,000 annually.
The role is flexible, offering remote or hybrid work options and includes support for obtaining necessary licenses through tuition sponsorship and comprehensive field training. This career is especially well-suited for individuals who are motivated by both financial success and the opportunity to make a significant impact on clients’ lives through sound financial advice and tailored solutions.
Ideal Candidate Profile:
- Communication Skills: You should have strong communication abilities to interact effectively with clients and team members.
- Customer Service Orientation: A customer service mindset is essential, as you’ll be assisting clients with their financial needs and building long-term relationships.
- Eagerness to Learn: A desire to continually learn and grow in the field is crucial for success.
Role Details:
- Compensation Structure: This position offers a 100% commission-based compensation model. This provides a significant opportunity to earn additional income both actively and passively.
- Income Potential: Many part-time employees in this role earn more than $50,000 annually.
Compensation Range:
The annual compensation for this role ranges from $50,000 to $100,000.
Job Benefits
1. Flexible Work Environment: Choose between a fully remote setup or a hybrid arrangement, allowing you to balance work with personal life according to your preferences and needs.
2. High Earning Potential: Benefit from a commission-based compensation structure that offers the potential for significant income. Many part-time employees in this role earn upwards of $50,000 annually and your earnings can grow based on your performance and client base.
3. Tuition Sponsorship: Receive financial support for obtaining necessary licenses, including the LLQP Life License and IFSE Mutual Funds License. This sponsorship covers tuition costs for the required training, making it easier for you to start your career without bearing the financial burden.
4. Comprehensive Field Training: Gain in-depth, hands-on training to develop your skills and knowledge in the financial services industry. This training equips you with the expertise needed to succeed in your role and provide valuable services to your clients.
5. Career Development Opportunities: Access continuous learning and professional development resources. We are committed to supporting your growth through ongoing training and educational opportunities, helping you stay updated with industry trends and advancements.
6. Personalized Support: Benefit from a supportive work environment where you have access to experienced mentors and a collaborative team. This support structure helps you navigate the challenges of the role and achieve your career goals.
7. Diverse Client Base: Work with a wide range of clients, allowing you to gain diverse experience and build a robust professional network. Your role will involve serving individuals from various backgrounds, providing you with a broad perspective on financial needs and solutions.
8. Positive Impact: Contribute to addressing financial gaps in the middle-income market by providing essential services that make a difference in clients’ lives. Your work helps families achieve financial security and reach their financial goals, offering a fulfilling and impactful career path.
9. Work-Life Balance: Enjoy the flexibility to manage your work schedule in a way that suits your personal life. The role’s commission-based model provides the opportunity to create a balance between work and other commitments, enhancing overall job satisfaction.
10. Competitive Compensation: Earn between $50,000 and $100,000 annually, depending on your performance and client base. This competitive compensation structure reflects your dedication and success in the role.
Key Responsibilities:
- Professional Development: Be a coachable and organized team member who is interested in pursuing ongoing training and educational opportunities to enhance your skills and knowledge.
- Client Relationship Building: Seek, identify and establish strong relationships with new clients. Act as their trusted financial advisor by providing personalized advice tailored to their financial status, income, goals and other factors impacting their wealth management.
- Financial Profiling: Work directly with clients to create comprehensive financial profiles. Use this information to offer sound financial advice and help clients achieve their financial objectives.
- Lead Generation: Generate appointments from various sources including conversations, business partnerships, referrals, social media and other channels.
- Financial Needs Analysis: Provide detailed financial needs analyses to help clients understand their current financial situation and plan for retirement.
- Insurance Recommendations: Recommend suitable life insurance options to ensure adequate protection for clients’ families.
- Investment Facilitation: Assist clients in transferring to our competitive mutual fund products to enhance their investment returns and manage inflation.
- Benefits Presentation: Present health and dental benefits packages designed specifically for small businesses.
Qualifications:
- Residency Status: Applicants must be Canadian citizens, permanent residents or hold a valid work permit. Unfortunately, we cannot hire international students with a student visa at this time.
- Age Requirement: Candidates must be at least 19 years old.
- Work Environment: The position can be performed fully remotely or in a hybrid setup, but requires access to a computer and a reliable internet connection.
- Licensing Requirements: You will need to attend in-class training to earn your LLQP Life License (4 days) and IFSE Mutual Funds License (6 days). Applicants who meet the qualifications will receive tuition sponsorship and comprehensive field training.
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Frequently Asked Questions
Is this position commission-based and if so, how does compensation work?
Yes, this position is 100% commission-based. You earn income through commissions on the financial products and services you sell, allowing for both active and passive income generation. Many part-time employees earn more than $50,000 annually.
What qualifications are required to apply for this role?
Applicants must be Canadian citizens, permanent residents or hold a valid work permit. You must be at least 19 years old and have access to a computer and reliable internet. We cannot hire international students with a student visa at this time.
Do I need any specific licenses to work in this role?
Yes, you will need to obtain an LLQP Life License and an IFSE Mutual Funds License. You will receive support for tuition and training to acquire these licenses.
Can I work remotely or part-time in this role?
Yes, the position offers flexibility, allowing for fully remote or hybrid work arrangements. The role can also be adapted to part-time schedules.
What kind of training and support will be provided?
You will receive comprehensive field training and tuition sponsorship for obtaining necessary licenses. Ongoing training and professional development opportunities are also available.
What are the earning potentials for this position?
The annual compensation ranges from $50,000 to $100,000, depending on your performance and the number of clients you serve.
What types of financial products will I be working with?
You will work with a range of financial products, including life insurance, mutual funds and benefits packages for small businesses.
How do I generate leads and secure new clients?
Leads can be generated through various channels, including conversations, business partnerships, referrals, social media and other networking opportunities.
What is the company’s focus and mission?
Life Agency serves the middle-income market in Canada, focusing on income protection through term life insurance and long-term savings through investment strategies. The company aims to bridge the gap in accessible financial education and solutions for underserved middle-income families.
