2006-08-09 11:30:37 · 6 answers · asked by 44pitch 1 in Business & Finance ➔ Insurance
Initially the P & C practice will generate more income. Ultimately the life practice will move ahead -- after maybe five years.
The average income of a good life agent is probably double that of a good P & C person -- plus to ramp up a good P & C practice you will have the cost of much more infrastructure to support your success.
You don't have those same costs to support your life practice. A real good admin person and you are set for life -- with life.
31 year veteran of the industry.
2006-08-09 12:19:15 · answer #1 · answered by BShakey 4 · 0⤊ 0⤋
It will depend on your initial or natural market, and your ability to market the products you sell correctly. The major personal lines sales (auto/home) have become more a commodity because people shop by price, and rarely service anymore. Life is hard to get into, and the beginning will be extremely meager. However, with annuities and long term care sales, and eventually (when you're securities licensed), you can sell mutual funds and investments, this will generate more income. You get renewals quicker on P&C, as most policies renew each 6 months. The life commissions are higher,and you also get trails on investments.
A lot of companies want their agents to do all of it now days, but it's extremely hard to be a jack of all trades. If I'm looking to create wealth, I'm going to go to a person who does this full time, not someone who mostly sells P&C and a few life insurance/investments a year. So, again...it goes somewhat to the market as well. Commercial P&C are good commissions.
2006-08-09 21:38:02 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The license does not have an ounce of potential, p&c is slower and a building process, adding cars, life can be a bigger hit with the right client or group.
2006-08-09 20:27:53 · answer #3 · answered by The Advocate 4 · 0⤊ 0⤋
Property and Causality there are lot of line in P&C Than in Life and Health I sell malpractice insurance all over the U.S.
2006-08-09 19:06:02 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I think it's equal . . . or rather, it depends on the agent selling the product, which they are more comfortable with. They're going to sell what they're most comfortable with.
2006-08-10 08:59:27 · answer #5 · answered by Anonymous 7 · 0⤊ 0⤋
Is there a reason you can't do both?
2006-08-09 20:07:38 · answer #6 · answered by STEVEN F 7 · 0⤊ 0⤋