I Asked 166 Life Insurance Agent How Much Money They ACTUALLY Make Per Month

Buddy is saying the same thing over n over

People dont know about pipe line and sales funnels. More than likely you can buy leads but also build your leads up with A.I.

Break the code and youre on your way..

Ma wife sold health insurance she made 18.00$ an hour so about 35k a year great benefits tho, and that didn’t include bonuses

I think the biggest factor in what you'll make, is the company you sell for.
This is my 3rd year in the insurance industry, I sell both P&C and life/health insurance.

Make sure your company pairs you fairly, you would be shocked at the commission rate difference between companies. I have seen anywhere from 15% all the way up to 90% on FYC (first year commissions) on annual premium rate.

Also brush up on your marketing skills, make your clients do your work for you with referrals!
The closing ratio of referrals is so much higher than a client that you found on your own.

The roof does not exist in this industry, sell as much as you can and live a good life!

Start at a company that will train you then transfer to entrepreneur or captive company. Nothing is impossible

How many leads to do to make 5,000 a month?

what is the struggle? if you sell insurance and you're on the phone from 9-6 like a job how can you not sell 2-3 policies each day?

they all start off with I have nothing to sell you, then boom lets do a conference call to sell you something

So thankful my state agent provides my leads for me

Now Life insurance industry is one industry that mathematically pays you according to the input.

Training, training, training!

(21m) I would much rather work 50 hours on a potentially scalable business for an average of 1250 a week as opposed to working 50 hours a week for 900 taxes dollars

5k is not impressive unfortunately. Better off working in tech sales or high ticket more merchant services sales

None of chargebacks, non of the stress. But all of the income

I was making a lot less than that when I was selling life insurance. I would spend between 200-300 per week just on gas for my car, plus extra maintenance costs. Some of the veteran agents I worked with were making about 50 k per year counting 25k in renewals.

This is irrelevant, it’s never about what you do, it’s how well you do it! And most people’s work ethic is below average lol people say this same stuff about literally every job in every industry. The average person could increase their salary by $30k by simply revising their resume and negotiating their salary, but do you think they will do it???! Absolutely not because average minds never do the most.

If you are a cashier at Walmart is that a pyramid scheme too?! Lol no matter what job you have, if you are not the CEO someone above you is hiring you and some people make more than you.

“I can make more money at Walmart” - Said no one EVER 😭😭😭

You could have asked how many hours/week these people work. From my experience, there are too many tricks the hiring companies can pull on you to go into the insurance business. Plus, don't forget that you are self-employed, so you have to pay a tax for that too.

did you allow captive agents on a salary pay or only self contracted brokers

😅😅😅😅😅😅😅😅😅😅😅😅

Im making 1.5k per month ..... 5k a month is a blessing

yes that really makes people discourage from creating an income with life insurance omg.

I’m pretty sure most people would be fine with 5k a month

@Peter Roberts I've been struggling to stay afloat, my dad has cancer and it honestly has made me work 110% harder because without my Dad it falls to me to provide for my mother and sister. Problem is I fight and fight to make this work but I seem to only be treading water. I am with Family First Life and Equity Financial and honestly I only have sold about 10 policies this month with one of those being a chargeback. I honestly have had to setup a seperate savings account and don't touch my income for 9 months because I never know what is going to be chargedback.

The difference is being an agent and being a agency owner. The owner will likely make more than his or her agents easily.

Can anyone confirm or deny these things for me.

sales history: 9 years, including cold calling, warm leads(form fill contact), inbound leads. All of which is over the phone and one call close driven aside from a few.
everything I have sold is as low as $500 up to $50k was my highest sale.

I worked in the moving industry the longest. its very competitive and its relatively high ticket, im very comfortable asking people for thousands of dollars without getting commission breath.

I'm pretty likable on the phone, ive got all the traits a good salesman would have in that regard. I can be whoever they need me to be for them(boy oh boy is that tiring though)

Im not gonna lie and say I was the number 1 guy at every company i went to like most salesman do in their interviews lol but I can confidently say i floated in the top 5 on the largest sales floor hitting different positions each month, including #1 😁😁 but lets say on average I was #3

before the moving industry fell apart, or maybe the company i worked for/lead provider idk for sure, I could average anywhere from 15-25k/month during season and 7-10k/month off season.

Every company i worked for in sales provided all the tools i would need to make money and there was no cap to my earnings. they provide leads, software, phones, computer, headset, desk etc etc

so with all of this in mind, would it be feasible for someone to get into the life insurance world and pull 6 figures their first full working year?

to pay my bills and save money each month I need to make 80k . 60k is week to week for me so thats not enough. im used to making 150-175ish depending on the year lol shit i mean 2020 was my record but thats off topic.

my thoughts on it are this, I thought life insurance would be a great product to sell and considering my experience with high ticket, highly competitive markets that I would fit right in and start earning right away, picking up steam as i learned the ins and outs and all the lingo.

so in conclusion, I NEED to make 80k, I WANT to make 125k. Am i way out of tune? or right in the pocket?

Translation: It's essentially an MLM

What’s the compensation vs Street level?

If you could really make over 100k your first year, they wouldn't be advertising on every job site continuously.

Is selling life insurance halal ?

🤦🏻

I like the industry but all the recruiting to build a team really feels like a pyramid scheme

How do you obtain a license? Do you go to school? Any info I’m in nc

Im a fresh agent. Just setting foot into this entire feild of work. Ive never had much experience with being overly social with people so its definitely a new learning curve and a battle woth confidence for me. Im struggling but i want to stick it out and be good at this.

Average for full timers?

How was total submitted?

I wanna work with you is there any number or email to reach yoi

This is why I really don't want to leave my blue collar career. As long as there's work we can generate more than 15k a month before tax

it would be nice if there was time in experience listed for each with the data

I am a Realtor, Mortgage Broker and now going into life and health. I am at the point where I just don't want to drive clients al over the place. Good stuff!

What if there are returns on those policies?

I make 17.25 base salary, no quotas, and 80% commissions , pretty solid if you ask me

You get paid for the sales or from portfolio that you built ? I mean if I make a life insurance today and get paid for the sale . Next year in the next payment that my client will do , did I I get paid or no?

YOU SPEAK FOR THEM, I MADE 16K IN 3 MONTHS LAST SUMMER. THE MONEY IS THERE, IDK WTF YOU TALKING BOUT. THEY PROBABLY AREN'T INDEPENDENT AGENTS

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024

This is monumentally STUPID! You can't conflate averege full-time and part-time income.

Expressing as an Average is not the best way.

I'm an agent, this is great info. The music in the background is distracting though 😂

If you want to show the AVERAGE, you have to also include the negative values. They show the reality of how much agents are making REALISTICALLY. $5k is not correct