It is not an easy task to choose between being a captive agent to only one company and being an independent agent that can offer products for various companies.
Which one is better for you and how to make the right choice? If you are well-educated in insurance and you always keep on top of the insurance industry changes, it will help you a lot with your decision-making.
This article will discuss Independent vs. Captive Insurance Agents as well as provide EInsurance Training reviews to help you see whether EInsurance Training is the right platform for your continuing education.
Insurance Agents: Independent vs. Captive
Before reading genuine EInsurance Training reviews from learners, it’s important to know about the differences between independent and captive insurance agents.
The exclusive, or captive agent, is much like a traditional employee in many ways. The company they work with provides them with technology, training, and support. They spend very little to nothing on marketing and operating costs.
Knowing the rules and regulations of only one business is also easier and takes less time. Although the compensation for these agents initially appears to be lesser, there is the bonus structure.
Additionally, exclusive agents get more of their commissions from renewals whereas independent agents frequently walk away from them.
An independent agent does its business more like a small business owner. Despite not having the technology and support that an exclusive agent does, it might not matter as much now that we have the latest technologies.
The freedom and flexibility of being one’s own boss are one of the most appealing aspects of working as an independent agent. They can determine their own working hours and locations.
A greater payout on policies and earning renewal commissions, so long as they keep a contract with the issuing company, are additional appealing features for independent agents. These agents are able to give clients additional options from other businesses while genuinely seeking out the greatest fit for them.
Even if a client is not a suitable fit, a captive agent might try to sell them one of the few policies they are able to offer. The fact that many of the major insurance companies only permit exclusive agents to sell their policies is a disadvantage for independent agents. Because they are some of the businesses that invest a lot in marketing, clients are familiar with their names and consequently have more confidence in the exclusive agent.
And of course, nowadays we also have hybrid agencies. Most of the time, hybrid agents operate as exclusive agents. However, they might sell insurance from other businesses if the company they work with does not have a comparable policy that meets the client’s needs.
The decision of whether to work as an exclusive agent or an independent agent is mostly based on the agent’s preferred way of doing business. Another consideration is how much assistance they want. However, since choice is a big part of our culture now, customers can decide not to use any agents at all.
According to a JD Power report, 47% of consumers purchased insurance policies online or via a contact center in 2015. This can be a result of how simple it is to purchase insurance while still in your pajamas, or as a result of having all the options available to you without any sales pressure or business limitations.
After a complete understanding of the differences between independent and captive agents, it’s time to look through EInsurance Training Reviews from online learners.
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EInsurance Training Reviews
EInsurance Training offers state-approved pre-license training as well as online insurance continuing education to enable licensed insurance agents across the US to meet their CE requirements.
These common EInsurance Training reviews are what people have said about the courses.
BabsThe course is amazing! When taking the final exam watch the wording to get the right answer.
LenaThis course was very challenging but beneficial as it allowed me to complete at my own paste.
LeonThe course covered all aspects of the GL P&C topics.
CynthiaOverall everything is great.
EvynI noticed previous reviews didn’t like that the text wasn’t audible. I used the right-click “Speech” option to listen to each slide. It worked out well to be read to and follow along.
BrandonThankful for the ease of this course to do at my speed while working. Thank you.
Richardwell rounded and a great review for and experienced rep. As well as being brought up to date on some items. Take time to complete this module it is well worth it.
KatharineOMG! This course was very thorough and easy to follow. I would highly recommend it.
TeresaI thought the information was delivered in a very organized format and easy to follow.
AndrewIt’s thorough. It took me less time to study and pass the state exam.
LenoraEasy to navigate, customer service was great the 1 time I did have to call, the material itself was very informative.
LillyThis website is really helpful, thanks a lot. strongly recommend!
RosannaIt’s a great course, just need to take ur time and not get impatient. It’s a lot and I thank you.
JoshI enjoyed the mix of videos and text to break up the length of course.
Williamvery through and updated education on the insurance industry
TraceyThe course was great, included both new updates that are important and a great refresher of the material from my license. Plus I love that I can do it on my mobile phone. Highly recommend.
As you can see from the EInsurance Training reviews above, customer feedback is basically positive.
The client should always come first, regardless of the business model an agent chooses. Knowing the market and the options available to the client is a central aspect of providing service. It’s critical for agents to stay informed of changes in the insurance industry and to have a decent education.
With the glowing EInsurance Training reviews from learners, you can rest assured that EInsurance Training is the right place to build a good foundation for your career. Check out the insurance courses offered by At Your Pace Online for licensing and continuing education and don’t forget to apply the most updated EInsurance Training coupon code.