what kind of money can i make selling life and health insurance policies the first year?
Total Comments: 2
Posted: Wed Apr 29, 2009 06:13 am Post Subject:
If you haven't obtained your license yet, no need to worry about how much you can make on sales. Therefore, first you should get the license to start-off.
Next, you earning potential would depend upon the type of agent you would become, i.e. captive or independent. The captive agent would earn in terms of remuneration from the company he/she is associated with, whereas, the independent agent is all on his own earning in terms of commission.
Life insurers normally would pay 30% to 100% on the first year premium as commission depending upon the type of the policy.
Hope it helps. Please feel free to put more queries forward.
~Jeremy
Posted: Mon May 04, 2009 08:46 pm Post Subject:
Agent Compensation is a question that comes up quite frequently, and it is about as easy to answer as "How Much Money Could I Make if I started my own Business?"
The answer...IT DEPENDS! Insurance is a business, like any other venture, and it all depends on you! I made close to six figures my first year, but this is atypical.
I have worked with many agents who make about 15-20K before they quit...some even less. Your persistence and motivation are going to make all the difference in the world. Other things are going to influence it as well, as Jeremy as pointed out.
Find a great support network and a place to learn, do the right thing for the client, and never give up!
Posted: Wed Apr 29, 2009 06:13 am Post Subject:
If you haven't obtained your license yet, no need to worry about how much you can make on sales. Therefore, first you should get the license to start-off.
Next, you earning potential would depend upon the type of agent you would become, i.e. captive or independent. The captive agent would earn in terms of remuneration from the company he/she is associated with, whereas, the independent agent is all on his own earning in terms of commission.
Life insurers normally would pay 30% to 100% on the first year premium as commission depending upon the type of the policy.
Hope it helps. Please feel free to put more queries forward.
~Jeremy
Posted: Mon May 04, 2009 08:46 pm Post Subject:
Agent Compensation is a question that comes up quite frequently, and it is about as easy to answer as "How Much Money Could I Make if I started my own Business?"
The answer...IT DEPENDS! Insurance is a business, like any other venture, and it all depends on you! I made close to six figures my first year, but this is atypical.
I have worked with many agents who make about 15-20K before they quit...some even less. Your persistence and motivation are going to make all the difference in the world. Other things are going to influence it as well, as Jeremy as pointed out.
Find a great support network and a place to learn, do the right thing for the client, and never give up!
Add your comment