Quick Answer: Who Is The Highest Paid Insurance Agent?

How much do top life insurance agents make?

The median annual wage for insurance agents was $48,150.

The highest paid 10% of insurance agents earned more than $116,940 annually..

Who is the most successful life insurance agent?

Ben FeldmanA legend among his colleagues, Ben Feldman is probably the greatest life‐insurance salesman of all time. He has sold more than $858 million worth of life insurance, and almost all of that in and around the unlikely small town of East Liverpool, Ohio.

Is a insurance agent a good career?

Due to the low barriers of entry, insurance sales is a good career choice for people who are transitioning into a new career following a major life change. It only takes a few weeks or months to study for the state licensing exam, pass the exam, and start selling insurance.

What type of insurance agent makes the most money?

The sales commission life insurance agents might earn in the first year if they are on a commission-only salary; that’s the highest commission for any type of insurance.

How can I make the most money selling insurance?

7 Simple Ways to Make More Money Selling InsuranceAncillary Insurance.Buy Sell & Keyman.Disability Income (DI)Final Expense & Burial.Indexed Universal Life (IUL)Medicare.

Who is the best insurance company to work for?

8 insurance companies ranked among best workplaces in 2019Farmers (Ranked #26 out of 30 of the top best workplaces in financial services and insurance by Great Place to Work)West Bend Mutual Insurance Company (#25)First American Financial Corporation (#23)Nationwide (#21)American Fidelity Assurance Company (#18)USAA (#17)Allianz (#14)Progressive (#5)

Why do insurance agents fail?

Most insurance agents fail because they had unrealistic expectations and expected too much too soon. This typically results when the business isn’t sufficiently capitalized to allow for the time it takes to show a profit. … Unrealistic expectations are always a result of poor planning.

Can you get rich selling life insurance?

With that said, the top life insurance agents earn over $100,000 per year. Many make a lot more than that! You can expect to earn $2,000-5,000 per month starting out. This will depend on the products you sell, the commissions, and how hard you are willing to work.

Is being an insurance agent stressful?

Though not listed among the 10 worst jobs in America, insurance agents ranked a dismal 155 out of 200. … Though stress for agents is relatively average (36.540), work environment suffers (62.7) and the occupation ranks below such professions as casher (with an overall score of 415) and dishwasher (458).

Is it hard to sell life insurance?

First, life insurance sales jobs are abundant and easy to find. Second, commission percentages are very high compared to other insurance sales, such as health insurance. … However, even when you locate a good prospect, the product itself is hard to sell.

Is being a life insurance agent worth it?

The Bottom Line Those who have a knack for selling life insurance, and the perseverance to grind through the tough early years, can make a lot of money and retire with a high degree of financial worth. However, life insurance agents, to be successful, must accept short-term pain in exchange for long-term gain.

How does a life insurance agent make money?

Key Takeaways. Many life insurance agents receive sales commissions for the products or services they sell to clients. Agents will receive a large upfront commission based on the cost of the first year’s policy premium, which can be a substantial percentage of that cost.