A program of the U.S. Chamber of Commerce Foundation

People plan ahead for future emergencies, accidents and illnesses by purchasing INSURANCE.

why insurance?

Because of many people’s desire to protect themselves, their families and their belongings—as well as the legal requirement for carrying many types of insurance—the insurance field is one of the biggest industries in the country. Veterans like you can have long and fulfilling careers at companies like USAA in a variety of roles, from claims adjusting and sales to underwriting and risk analysis.

Insurance Underwriters
Insurance Sales Agents
Insurance Claims Adjusters
Actuaries

average salary

$62,000

$48,000

$60,000

$93,000

additional information:

  • Insurance underwriters are responsible for evaluating potential clients’ personal and business data to determine the level of insurance they should receive.
  • Underwriters use risk analysis to calculate the likelihood that specific clients will need insurance coverage during the life of their plans.
  • Because of the vast amounts of data that must be taken into account for each client, underwriters must have excellent critical thinking skills.
  • Since most of their work is done using computer programs, underwriters need to be familiar with modern computer software.
  • Insurance sales agents are responsible for identifying potential clients and persuading them to purchase various types of insurance coverage.
  • To be effective salespeople, insurance agents must know every detail of the plans their company offers.
  • In addition, insurance sales agents must be able to ask the right questions to determine which plan is right for their clients.
  • Whether working alone or with an insurance corporation, agents are often required to market themselves in order to retain and attract new clients.
  • Insurance claims adjusters are responsible for investigating accident, illness and property damage claims to determine whether clients’ insurance policies cover their expenses.
  • Adjusters are often required to perform investigative work on certain claims to verify the damage wasn’t caused intentionally and wasn’t reported fraudulently.
  • In addition, adjusters are often required to contact industry professionals, such as mechanics and doctors, to determine how much money the insurance plan should pay.
  • Some insurance adjusters are self-employed and represent individuals rather than insurance companies.
  • Actuaries are responsible for using data, trends and other information analysis to make accurate estimates about the probabilities of accidents, illnesses, deaths and natural disasters.
  • Because actuaries deal with complex calculations and statistics, they must have strong backgrounds in mathematics.
  • After plotting data and determining areas of high risk, actuaries are tasked with designing insurance policies that minimize risk for insurance companies.
  • Some actuaries work as independent consultants and may work for several different companies in a short time period.

USAA’s assistance programs and military outreach make hiring military veterans and military spouses a priority. In addition to preferred job placement, new veteran employees also receive on-the-job mentoring and support as they learn and grow in their careers in the insurance industry.

about the sponsor

USAA’s assistance programs and military outreach make hiring military veterans and military spouses a priority. In addition to preferred job placement, new veteran employees also receive on-the-job mentoring and support as they learn and grow in their careers in the insurance industry.

Learn about careers in insurance claims from a veteran working in the industry today.

WATCH VIDEO

about insurance certifications

These qualifications can be earned at a variety of educational institutions, including community colleges, technical colleges, traditional universities and job training centers. Veterans like you have excellent opportunities to start careers in the insurance industry due to proven leadership skills, work ethic and the ability to stay calm under pressure.

The American College of Financial Services Chartered Life Underwriter
Associate Degree in Accounting
Financial Industry Regulatory Authority (FINRA) Qualification
Disabled Veterans Insurance Careers (DVIC)

CERTIFICATIONS PROGRAM


time to complete

The American College of Financial Services Chartered Life Underwriter

The Chartered Life Underwriter (CLU) program at the American College of Financial Services—a nonprofit private educational institution—provides students with the education and skills they need to launch careers as insurance underwriters. Courses and intensive review sessions are available online to help students earn their CLU certificates at their own pace.

1 Month

CLU Program Information

Associate Degree in Accounting

An associate degree in accounting provides an educational foundation in concepts like business strategy, financial statement preparation, budget balancing and accounting systems. This accounting foundation is often a prerequisite for many insurance jobs and gives job seekers an advantage over their competition.

9 Weeks

GI Bill School Locator

Financial Industry Regulatory Authority (FINRA) Qualification

The Financial Industry Regulatory Authority (FINRA) offers a program called the Proprietary Trader Continuing Education program, which is designed to give workers in the insurance industry a securities license. This qualification is mandatory for anyone working as a director, officer, manager or department supervisor at an insurance sales firm.

1 Day (per exam)

FINRA Continuing Education Program Information FINRA e-Learning Courses

Disabled Veterans Insurance Careers (DVIC)

Disabled Veterans Insurance Careers (DVIC) is an organization that works with the Vocational Rehabilitation and Employment Service and the Department of Veterans Affairs to place disabled veterans in successful careers in the insurance industry. Veterans in this program are taught skills necessary to succeed in insurance, including salesmanship, general insurance knowledge and identification of prospective clients and customers.

2-3 Months

DVIC Program Home Page