I'm interested in becoming an life insurance agent, what the average salary they make?

Answer 1

Earnings for insurance agents and brokers who are just starting out typically range from $25,000 to $40,000 a year. Part of this comes in the form of commissions. The proportion of their pay that comes from commission varies from firm to firm. Some firms stress commissions, others stress salary.

As agents and brokers build their client base their incomes increase. Successful agents and brokers with 2 to 3 years of experience can earn between $35,000 and $60,000 a year. Agents and brokers with 3 or more years of experience may earn between $50,000 and $100,000 a year. Some may earn substantially more, depending on commissions.

Answer 2

Insurance agents usually make a commission on their sales. Depending on the type of product you're selling, the face amount on the product, and the company you're selling for-- the commission could be high or low. Generally, to make a good living, you're going to have to sell a LOT of insurance. The best thing to do would be to contact a general agent (an agent who is the in-between between agents on the street and insurance companies) who can give you more details on licensing, commissions, etc...

Generally, in my experience, life insurance is a good way to get a good commission. Mainly because people buy large policies. What you need to learn is how to sell it, though. How to calculate how much insurance people need. Most people are under insured-- they aren't thinking about the big picture.

The headaches and low commissions in health insurance make it a pain.

Annuities can be a good thing to focus on, though the commission is lower than life insurance and there is generally no residual.

Car insurance is rough-- people bypass agents and go strait to the companies via phone or internet.

Home owner's insurance is tough, again people go strait to the companies or they buy insurance in their realtor's office.

I sincerely suggest you contact a reputable general agent in your area. You can probably find one by calling a few insurance agents and asking who they sell for. There are also options like selling for a company like Nationwide-- who sells all kinds of insurance, but I'm not sure how they recruit agents.

You can also try contacting an insurance directly and letting them know you're interested in selling their product. Here are some: American General, Jefferson Pilot, GE. They can probably direct you to a few general agents in your area.

Another good place to start is the insurance commissioner in your state. They might have lists of general agents and will also be able to tell you how to get licensed.

Some organizations--
for women-- Women in Insurance and Financial Services (WIFS)
for all-- National Association of Insurance and Financial Advisors (NAIFA)

Good luck!

Answer 3

about $8,000 per decade.