How Much Does An Agent Make On Life Insurance?
285 POINTSview profileBrian GrussYour Insurance Guy, Avenue Insurance Planners, Liberty Lake, WAThis really is to broad of a question to answer. It depends on the agent's contract with that particular carrier. Different carriers pay different amounts for different types of policies, and for different agents for those carriers. The one thing you can be sure of though is if an agent is selling a life insurance policy, they are getting paid for it.Answered on June 17, 2014flag this answer
10968 POINTSview profileTim WilhoitOwner, Your Friend 4 Life, Brentwood TNThe short answer is it depends. There are many factors that goes into a life insurance agents paid commissions. There are different commission rates with different carriers. The main factor is how hard the agent works. If he or she writes a lot of business, then they will make a high 6 figure income and some make 7 figures. If they are not hard working aggressive folks then they will make a low 5 figure income or fail all together. It is a great living for the person with a good work ethic, high morals and character and the willingness to learn constantly.Answered on June 17, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is an excellent question! Insurance agents do not draw paychecks like normal people. They are paid a portion of what policies they are able to sell, and that amount is called a "commission". The amount of that commission will depend upon the agents' contract with the company, and upon the product that has been sold. There are also small payments made annually called "residuals" that are paid when people keep their policies in force over the years. This income can be very lucrative, if you are a good salesperson, and are very active in your sales work. I hope that helps, thanks for asking!Answered on June 18, 2014flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
.JPG){kind=avatar}
