Blog

Becoming Insurance Agents is a Great Post-Retirement Opportunity for Senior Citizens

Submitted by admin on February 13th, 2024

Senior citizens have a wealth of experience from their long professional career, which they can use to help others deal with different problems in their life. We are not talking about gratuitous advice, rather the kind of guidance these people can provide as insurance agents.  It will help both sides. Many people get bored in their post-retirement lives. What if they can make good use of their skill, wisdom and experience? It will infuse their lives with some kind of excitement and positivity as well as kill their boredom in the post-retirement phase.

In this blog post, we will share a few important reasons why senior citizens should choose the career of insurance agents after their retirement.

A Fresh Start

Life after retirement becomes monotonous, and dull. You may feel a lack of purpose in your life. You can give a new start to your life by becoming an insurance agent.

Contrary to what is often perceived, the job entails advising others on their financial lives and how they can take the right decision to secure a rosy future. This way, you can have a renewed sense of energy and purpose. The fact that you are still busy with some meaningful activities that do good for others will make you feel ‘being valued’ again.

Flexible Schedule

After retirement, you have plenty of time. However, that never means you are available at any time. Though you will definitely love to work again, flexibility of schedule becomes more important during this phase. As an insurance agent, you can do this work at your convenient time. At this age, you will prefer a flexible work schedule instead of doing a 9-hour job at a stretch.

Furthermore, being an insurance agent means you are your own boss. You decide your own schedule and space for work. It is kind of doing a part-time job at your convenience and maintaining a balance between your work and well-deserved leisure time.

A Source of Passive Income

Though you have received a lump sum amount after retirement and already planned what to do with it, an extra income channel is always welcome. Even part-time working will generate a monthly income of about Rs 20, 000-30, 000.

If you want to be a full-time agent, your earning will go up considerably. An agent gets commission two times – first, when a new policy is bought through the agent and second, when it is renewed.

Hence, your active income stream gets a boost and at the same time, you can create a passive income channel. At the end of the day, your new job generates a lucrative income.

Contribution to Community

As an insurance agent, you contribute to your community’s welfare by creating a firewall against unpleasant circumstances. Insurance agents are often compared with sales persons. But that is utterly wrong. The job is more about guiding people.  As an agent, you educate, guide people and address their financial problems that can be solved with insurance products. You don’t add to their problems, rather provide solutions.