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: 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: 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: 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: 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.

Question 1

How much does a life insurance agent make?

Accepted Answer

The average life insurance agent salary in the United States is $62,552. Life insurance agent salaries typically range between $39,000 and $99,000 yearly. The average hourly rate for life insurance agents is $30.07 per hour.

Life insurance agent salary is impacted by location, education, and experience. Life insurance agents earn the highest average salary in Alaska.

Question 2

What state pays Life Insurance Agents the most?

Accepted Answer

Alaska pays Life Insurance Agents the most in the United States, with an average salary of $124,219 per year, or $59.72 per hour.

Question 3

How do I know if I'm being paid fairly as a life insurance agent?

Accepted Answer

You know if you are being paid fairly as a life insurance agent if your pay is close to the average pay for the state you live in. For example, if you live in Washington you should be paid close to $90,447 per year.

Question 4

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 5

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 6

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 7

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 8

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 9

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.

Experience level	Avg. salary	Hourly rate
Entry-level life insurance agent	$37,500	$18.03
Mid-level life insurance agent	$64,100	$30.84
Senior-level life insurance agent	$73,100	$35.12

Rank	State	Avg. salary	Hourly rate
1	Oregon	$86,703	$41.68
2	Nebraska	$82,296	$39.57
3	South Dakota	$84,741	$40.74
4	New Hampshire	$85,867	$41.28
5	Wisconsin	$84,679	$40.71
6	Alaska	$124,219	$59.72
7	Rhode Island	$82,629	$39.73
8	North Dakota	$82,505	$39.67
9	Ohio	$77,125	$37.08
10	Wyoming	$76,843	$36.94
11	Alabama	$79,697	$38.32
12	Washington	$90,447	$43.48
13	Massachusetts	$85,061	$40.89
14	Montana	$78,032	$37.52
15	Vermont	$75,744	$36.42
16	Arizona	$73,604	$35.39
17	Colorado	$77,129	$37.08
18	Minnesota	$81,357	$39.11
19	Idaho	$75,776	$36.43
20	New York	$81,855	$39.35
21	Maine	$77,326	$37.18
22	Pennsylvania	$71,122	$34.19
23	District of Columbia	$87,931	$42.27
24	Connecticut	$78,105	$37.55
25	Michigan	$72,466	$34.84
26	Kansas	$74,019	$35.59
27	Indiana	$74,265	$35.70
28	Iowa	$73,904	$35.53
29	Hawaii	$76,704	$36.88
30	Arkansas	$68,994	$33.17
31	Delaware	$71,115	$34.19
32	Utah	$69,687	$33.50
33	New Jersey	$77,631	$37.32
34	Missouri	$69,166	$33.25
35	Tennessee	$69,300	$33.32
36	Illinois	$73,631	$35.40
37	South Carolina	$69,889	$33.60
38	Mississippi	$68,728	$33.04
39	California	$71,784	$34.51
40	Nevada	$67,260	$32.34
41	North Carolina	$69,804	$33.56
42	Kentucky	$68,829	$33.09
43	Florida	$65,059	$31.28
44	Oklahoma	$65,342	$31.41
45	Louisiana	$67,131	$32.27
46	Texas	$64,964	$31.23
47	Maryland	$69,495	$33.41
48	New Mexico	$62,830	$30.21
49	Georgia	$65,475	$31.48
50	West Virginia	$61,182	$29.41
51	Virginia	$66,261	$31.86

Rank	City	Avg. salary	Hourly rate
1	Anchorage, AK	$125,234	$60.21
2	Washington, DC	$87,954	$42.29
3	Portland, OR	$86,625	$41.65
4	Boston, MA	$85,161	$40.94
5	Milwaukee, WI	$84,606	$40.68
6	Sioux Falls, SD	$84,397	$40.58
7	Providence, RI	$82,716	$39.77
8	Omaha, NE	$82,217	$39.53
9	New York, NY	$81,907	$39.38
10	Minneapolis, MN	$81,360	$39.12
11	Birmingham, AL	$79,914	$38.42
12	Portland, ME	$77,411	$37.22
13	Bowling Green, OH	$77,245	$37.14
14	Denver, CO	$77,135	$37.08
15	Burlington, VT	$75,697	$36.39
16	Indianapolis, IN	$74,239	$35.69
17	Des Moines, IA	$74,057	$35.60
18	Kansas City, KS	$73,989	$35.57
19	Phoenix, AZ	$73,764	$35.46
20	Chicago, IL	$73,667	$35.42

Percentile	Annual salary	Monthly salary	Hourly rate
90th Percentile	$99,000	$8,250	$48
75th Percentile	$79,000	$6,583	$38
Average	$62,552	$5,213	$30
25th Percentile	$49,000	$4,083	$24
10th Percentile	$39,000	$3,250	$19

Job title	Annual salary	Monthly salary	Hourly rate	Job openings
Sales Producer	$51,287	$4,274	$24.66	41,951
Agent	$37,864	$3,155	$18.20	184,325
Marketing Agent	$40,384	$3,365	$19.42	112,353
Field Agent	$37,324	$3,110	$17.94	96,067
Insurance Sales Representative	$61,386	$5,115	$29.51	201,879
Geek Squad Agent	$31,924	$2,660	$15.35	28,603

Life insurance agent salary

Average life insurance agent salary

$62,552

Understanding Life Insurance Agent Salaries

Salary by Experience Level

Job Opportunities

Where can a Life Insurance Agent earn more?

Life insurance agent salaries by experience level