Insurance may be soon become a trendy job for millennials. According to a survey by Vertaforce, working millennials were looking to enter the field of insurance for the following reasons.
One of the biggest reasons that 81 percent of current millennials working in insurance wanted to stay the course was because they saw excellent work/life balance. Being able to have this balance is an increasing demand, and millennials are looking to take jobs in fields where it is available. While there is a lot of work to be done, hours are generally flexible and there’s a great many opportunities for growth.
There’s also a great sense of accomplishment being able to provide a legitimate service to people, and it is very easy to take pride in your work.
There is strong financial stability in the insurance industry. Unlike some fields, insurance does not seem to be going anywhere anytime soon. As long as people have a need for insurance, the industry will stay around. Plus, with annual incomes ranging from $35-62k, it is no wonder why the industry has been attracting many young professionals.
While most careers have set ladders and pathways, insurance may be one of the quickest ways to move up any sort of employment chain. Over 25 percent of the industry will be retiring by 2018, and by the year 2020 millennials will make up over 50 percent of the insurance workforce.
While millennials begin to make their way into this industry, check out these 5 tips for hiring new insurance agents.