How Much Can You Make Selling Annuities?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    The commission on an annuity is a small percentage of the deposit.  Large deposits result in increased commissions.  Many annuities call for systematic deposits which make for an income stream to the producer.  Some annuity producers make a very good income, others struggle.  The key would be access to people with money looking for the safety and features of an annuity. 
    Answered on August 28, 2014
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  2. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! The answer applies to anyone wanting to find out if being an agent is right for them. If you are looking for easy, fat cash, this job isn't for you. Can you make a very comfortable living? You bet. But be prepared to work long hours, handle a lot of rejection, and live a life consisting of good weeks, and very lean weeks. Be prepared to have a life without steady paychecks, competing agents willing to steal your business, and clients that will mysteriously decide to cancel their policies (which costs you money you have to pay back). With annuities, be prepared to have a lot of eyes looking over your shoulder for each one you write, and if you decide to work as a captive agent, be prepared for the stress that comes with imposed sales goals. This job can pay very well if you have a heart for the people that you serve, and not the god of money; and if you have a strong skin and good work ethic. A good lead on some wealthier clientele always helps too...I hope that helps, I believe in real talk, and you just got some. Thanks for asking!
    Answered on August 29, 2014
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