by Guest » Sat Mar 08, 2008 07:41 pm
Insurance agents can have quite a rewarding career. The commission that they earn from each policy they sell can be handsome, depending on the policy as well as the company they belong to. It is a job that requires a lot of hard work and success does not come easy. However, once you learn the ropes of the trade, there may be no limit to how much you can earn.
How much do life and health insurance agents earn?
- Life Insurance Agents: Commissions earned by agents selling life insurance can vary depending on the kind of policy sold. It may also vary from one insurer to another but in general, the insurance agent typical commissions would be around 30% - 50% in case of a term policy and 90% - 95% in whole life policy. This would be the earning in the first year. However, the earnings from premiums in the subsequent years would be much lower. The average earning then would be around 6% from whole life policies and 4% per year from term policies for as long as they last.
Some companies do not offer any fees. The only money their agent earns is from the commission he/she gets by selling a policy. Such agent may have a tendency to push a policy to the customers in order to earn more from the commissions. - Health Insurance Agents: Commissions paid on health insurance is almost 20% of the premiums for the first year and 5% for the subsequent years till the duration of the policy.
Some insurance companies may have flexible work policies while some may have very rigid ones. Not all insurance companies are like that, and if you are an independent agent, you need not be under the control of any company. However, independent insurance agent commission also centers on the number of products he/she can sell. Know more about how much insurance agents make.
Hello all,
I have decided to pursue a career as an independent ins. agent and am thinking of just focusing on health and life. I want to get to know all I can about these two lines of insurance and I am wondering if these two are a good choice to pursue as far as insurance agent commission goes. Can some one tell me what an average premium is for each of these policies and how this relates to my commission. How much do insurance agents make ? Thank you and I understand there are many variables but I am just talking about a ballpark figure. Say something like an auto policy 1000/yr and 15% new insurance agent commission, 10% renewal. TRhanks again.
I have decided to pursue a career as an independent ins. agent and am thinking of just focusing on health and life. I want to get to know all I can about these two lines of insurance and I am wondering if these two are a good choice to pursue as far as insurance agent commission goes. Can some one tell me what an average premium is for each of these policies and how this relates to my commission. How much do insurance agents make ? Thank you and I understand there are many variables but I am just talking about a ballpark figure. Say something like an auto policy 1000/yr and 15% new insurance agent commission, 10% renewal. TRhanks again.
Posted: Mon Apr 11, 2011 10:34 pm Post Subject: sales jobs
I must say that I am shocked at how little insurance agents make. I want to be an agent myself. I am currently knocking doors selling cable, and making as much as an insurance agent. The only thing that entices me to pursue becoming an agent is because I feel like a scum bag knocking on doors day after day selling someone something that they already have. The worst part about this job is minipulating the customer into believing that ours is better than theirs when there is really no differance and bashing the competitor in order to make a sale. I feel like a politition- bashing the other person running, not talking about how I can make life better. When I go home at night, all I can think about is what im doing as a job, and how ashamed I am to be doing it.
Posted: Tue Sep 06, 2011 08:19 pm Post Subject: if now want to stop online sale my house..than why have to p
can you help me about i not want to sale the house in this time but agent make online in 3 week now why have to pay 1,500 $ for agent ? i think maybee that is so mush money:( can you explan to me please...
Posted: Wed Sep 14, 2011 09:10 pm Post Subject: Commissions after death?
When an insurance agent passes away while actively collecting various commissions, does the surviving spouse continue to receive these commissions?
Thanks
Posted: Wed Oct 05, 2011 07:48 pm Post Subject: Final Expense
What is generally the agent commission on final expense policies?
Posted: Fri Oct 07, 2011 08:48 am Post Subject:
I am not sure as how much you can earn by selling final expense insurance policies. I think it depends from one one company to another. However, I've often heard that the agents don't have to wait for long in order to receive the commission after selling final expense insurance policies.
Posted: Sun Oct 09, 2011 06:43 pm Post Subject:
I remember it took a while to have enough clients and customer base to stand on my own as an insurance agent - first working for Farmers and then going on my own - so there is potential out there, you have to build up a reputation and be patient.
Posted: Fri Jun 15, 2012 01:54 am Post Subject: always been told I should sell insurance
I think I am ready to learn. What does it take to learn and use my sales skills to make it?
Posted: Fri Jun 15, 2012 01:54 am Post Subject: always been told I should sell insurance
I think I am ready to learn. What does it take to learn and use my sales skills to make it?
Posted: Sat Oct 06, 2012 04:48 am Post Subject: as a farmer insurance agent
i want to start my career as a farmer insurance agent .what do you think should i search for another company or its a better idea
Posted: Sat Nov 10, 2012 06:59 pm Post Subject: Interested in becoming an agent
Hello Sil I am interested in becoming an agent. I am outgoing, love people and a self starter. I currently work for a major insurance company in the billing dept. U think this coul b for me? I want an increase and a new venture in my life with more money of course.
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