It's no secret that most of the American the workforce is reaching retirement age, especially in the insurance industry. Millennials will soon take on more and more leadership roles in the business to fill the voids left by baby boomers. In the insurance industry, where a vast majority of employees are over the age of 40, this issue is even more pressing.
Whether retirement is coming tomorrow or in another 20 years, it is imperative that agents prepare their businesses for succession sooner rather than later. Passing on knowledge, strategies and insight to agents of the younger generation will help to ease the transition, benefitting both the new industry leaders and their clients.
Click through the following slides for articles on how to handle succession in order to ensure that your fellow employees and your trusted clients are left in capable hands.
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