Insurance Agent Positions in Ontario – Opportunities are Limitless in the Life Insurance Industry

The life insurance industry is booming and it’s a great industry to get into if you like helping people. Life Insurance Advisors are in a unique position; they are able to offer their clients a wide range of insurance products and services.

There are a number of insurance positions in Ontario available to those who have obtained their license to sell insurance. Generally, these opportunities are offered by one of three types of organizations:

- Insurance Companies

- Banks

- MGA (Managing General Agent)

If you obtain an Insurance Agent position in Ontario with an insurance company or a bank, you will be required to sell their products and services, even if you work as an independent agent. The main benefit to obtaining a position selling insurance and financial products for an insurance company or bank is the brand recognition you will gain by being associated with that particular institution. This could be a positive or a negative, because if your bank or insurance company is receiving negative media/press or is less competitive than other insurance companies, this will have a direct impact to your book of business. Another downfall for working with a bank is that you will have limited access to insurance products.

If you obtain a position with an MGA, you will be able to arrange insurance and other financial products for your clients, with a number of different insurers. This is one reason why it is important to choose the right MGA. You work for yourself & the client, not the bank or insurance company.

As an Insurance Advisor, you will be more successful if you offer the most competitive products and choices to your clients. Smaller MGA’s may be registered to deal with fewer insurers or be partial to a particular insurer. If you are in the insurance industry then you know that managing your client book is like running your own business.

If you are looking for an Insurance Agent position in Ontario, with an MGA, research the MGA’s online. If you find one online that interests you, try to find information that answers the following questions:

-  How well known is their brand?

-  Are they a credible brand?

-  How many Insurance Advisors are signed onto their company?

-  Do they advertise?

-  What kind of training and resources do they offer their Insurance Agents?

These are all important questions to consider. You are making a career decision when deciding to work with an MGA or even an insurance company or bank for that matter. If you are thinking about making a leap from your current MGA to another one, contact the principal of the MGA and set up a meeting to speak with them about your career aspirations. A large enough MGA with good management will almost always consider giving an opportunity to an Insurance Advisor who is eager to pursue insurance as a career. For more information about Insurance Agent positions in Ontario and opportunities in the life insurance industry please visit http://www.ifcg.com/