Q: Do life insurance agents make good money?

Yes, life insurance agents make good money. The national average pay for a life insurance agent is $79,730 a year. However, it can range from as high as $174,000 a year to as low as $20,000 a year.

Q: How much does a life insurance agent make a year?

A life insurance agent makes $79,730 a year. However, it can range from as high as $174,000 a year to as low as $20,000 a year. One major factor in differences in pay rate for a life insurance agent has to do with where the life insurance agent is working.

Q: Do insurance agents make a base salary?

No, insurance agents do not make a base salary. The vast majority of life insurance sales jobs are straight commission, which means no base salary. That's not to say that insurance agents do not make decent money.

Q: Who is the highest-paid insurance agent?

The highest-paid insurance agent is Gideon du Plessis. Gideon is from India, but sales insurance works wide. He earns an annual commission amounting to $70 million. A record he has maintained over the last 12-14 years, selling 700 policies yearly. What's equally impressive is that Gideon failed in the 10th standard and never went to college. Yet today, he is the highest-earning insurance agent in the world.

Q: Do insurance agents make good money?

Yes, insurance agents make good money. The national average pay for an insurance agent is $79,730 a year. However, it can vary widely, starting as little as $20,000 a year to as much as $174,000 a year.

Q: Is selling life insurance a good career opportunity?

Yes, selling life insurance is a good career opportunity. Here are some of the major benefits of becoming an insurance agent: Potentially unlimited salary - Depending on your level within an agency or position in an insurance company, your compensation may include commissions on your sales. This means that the more you sell, the more you make. No ceiling. Low barrier of entry - A license and a hunger to learn and work hard are the only things you need to enter as an insurance agent. Flexibility - Insurance agents that work at whichever time of the day makes the most sense for them. This means that you have the ability to work outside the standard nine-to-five shift. Helping people - When an insurance agent delivers a claim check to someone, they are delivering peace of mind. It's more than just dollars; it's an assurance that they will be able to make it through life after a loss.

Q: Is there a demand for life insurance agents?

Yes, there is a high demand for insurance agents. In fact, employment of insurance sales agents is projected to grow 6% from 2020 to 2030, about as fast as the average for all occupations.

Question 1

Do life insurance agents make good money?

Accepted Answer

Yes, life insurance agents make good money. The national average pay for a life insurance agent is $79,730 a year. However, it can range from as high as $174,000 a year to as low as $20,000 a year.

Question 2

How do you get certified to sell life insurance?

Accepted Answer

To get certified to sell life insurance requires getting an insurance license.

Each state has different processes and requirements when it comes to insurance licensing, but these general guidelines are followed in most states.

Question 3

How much does a life insurance agent make a year?

Accepted Answer

A life insurance agent makes $79,730 a year. However, it can range from as high as $174,000 a year to as low as $20,000 a year.

One major factor in differences in pay rate for a life insurance agent has to do with where the life insurance agent is working.

Question 4

What are careers in life insurance?

Accepted Answer

Insurance sales agents, insurance investigators, and insurance appraisers are careers in the life insurance agency. Here are some details about these careers and others in the life insurance industry:

Question 5

Do insurance agents make a base salary?

Accepted Answer

No, insurance agents do not make a base salary. The vast majority of life insurance sales jobs are straight commission, which means no base salary. That's not to say that insurance agents do not make decent money.

Question 6

How much does a life insurance agent make in commission?

Accepted Answer

A life insurance agent makes an average of $88,890 a year in commission.

A life insurance agent may make 40% to 90% of the first-year premium as a commission. A term life policy lasts for a specific time, such as five, ten, or 20 years.

Question 7

Who is the highest-paid insurance agent?

Accepted Answer

The highest-paid insurance agent is Gideon du Plessis. Gideon is from India, but sales insurance works wide. He earns an annual commission amounting to $70 million.

A record he has maintained over the last 12-14 years, selling 700 policies yearly. What's equally impressive is that Gideon failed in the 10th standard and never went to college. Yet today, he is the highest-earning insurance agent in the world.

Question 8

Do insurance agents make good money?

Accepted Answer

Yes, insurance agents make good money. The national average pay for an insurance agent is $79,730 a year. However, it can vary widely, starting as little as $20,000 a year to as much as $174,000 a year.

Question 9

Is selling life insurance a good career opportunity?

Accepted Answer

Yes, selling life insurance is a good career opportunity. Here are some of the major benefits of becoming an insurance agent:

Potentially unlimited salary - Depending on your level within an agency or position in an insurance company, your compensation may include commissions on your sales. This means that the more you sell, the more you make. No ceiling.
Low barrier of entry - A license and a hunger to learn and work hard are the only things you need to enter as an insurance agent.
Flexibility - Insurance agents that work at whichever time of the day makes the most sense for them. This means that you have the ability to work outside the standard nine-to-five shift.
Helping people - When an insurance agent delivers a claim check to someone, they are delivering peace of mind. It's more than just dollars; it's an assurance that they will be able to make it through life after a loss.

Question 10

Is there a demand for life insurance agents?

Accepted Answer

Yes, there is a high demand for insurance agents. In fact, employment of insurance sales agents is projected to grow 6% from 2020 to 2030, about as fast as the average for all occupations.

Question 11

How do you describe a life insurance agent job?

Accepted Answer

You describe a life insurance agent job on a resume by listing all the job duties and responsibilities that you completed in your insurance job.

You should also note any specific achievements as an insurance agent and detail the skills you developed in your work and relevant educational experiences.

Question 12

What should a life insurance agent put on a resume?

Accepted Answer

A life insurance agent should put all education and experience related to selling life insurance on a resume. Additionally, it will be important to note any certifications you have earned and the relevant hard and soft skills you have developed in the insurance and sales industries.

Frequently asked questions about life insurance agents

Questions about becoming a life insurance agent