Retirement Job – Life Insurance Broker
Keeping a roof over your head, feeding yourself, maintaining your car and insurance premiums sometimes takes all your earnings; so, at the end of the month you don’t have anything left to enjoy your retirement.
You probably worry about this, and you may have considered earning more income somehow. Have you thought about a new career as a life insurance broker?
When you just read that, three issues probably came to mind:
- You don’t have time to go back to school
- You can’t afford more debt to fund your schooling
- You already spend too much time away from your children. If you had a second job, you would never be home.
If these are your concerns, you’ll be happy to know that you don’t have to worry.
Working Part Time as a Life Insurance Broker – How Much Does it Cost?
The education and training required to become a life insurance broker doesn’t involve university or college. You can study at your own pace from the comfort of your own home on your computer, laptop, smart phone, or iPhone.
The cost to become a life insurance broker and start your own business is only $1,000 – the course itself is $200, your license fees for the year are $250, and your E&O insurance is $550.
Working part time as a life insurance broker means you will work from home, so you can still spend valuable time with your kids and spouse.
Fund Your Retirement With the Money you Earn
You can use the money you make working part time to fund your retirement. You can put it all toward an RRSP. Chances are good that you haven’t paid the maximum allowable each year when you file your taxes; so you would have lots of contribution room.
By using the money you make selling life insurance part time, you could build your RRSP retirement fund quickly. Another benefit of contributing to your RRSP is it could lower your tax bill the year you pay into it; and the funds are tax deferred.
What Working as a Life Insurance Broker Entails
Working as a life insurance broker, you’ll earn commissions from the policies you sell. You will work with a variety of life insurance carriers but you don’t work for them, you work for yourself. Your main priority is helping your clients get the best insurance protection.
The job is very fulfilling because you get to help families and individuals protect themselves financially if someone passes away prematurely. As well, you get to educate them on many aspects of life insurance. You can make a real difference in someone’s life by helping them put the proper coverage in place.
To find out more about how to start your own business as a life insurance broker, please call us toll free at 1.888.498.5288.