Question: How Many Hours Do Insurance Agents Work?

Do insurance agents make good money?

The most recent government data regarding the average income of American insurance agents was compiled in 2012.

According to that data from the Bureau of Labor Statistics: The median annual wage for insurance agents was $48,150.

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

Is it hard being an insurance agent?

It is not easy to make a living in insurance, but it is not as hard as you might think. As with any type of sales, becoming an insurance agent can be one of the best paying hard jobs or a terrible paying easy job. Dedicated agents will become successful at insurance sales, just like at any other job.

Does insurance agents get paid hourly?

National Average As of Jan 6, 2021, the average hourly pay for an Insurance Agent in the United States is $24.64 an hour.

How much does a life insurance agent make a month?

National Average As of Jan 7, 2021, the average monthly pay for a Life Insurance Agent in the United States is $6,644 a month.

Is insurance sales 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. … A college degree is preferred but is not required in many insurance firms. Unlike many other finance-related positions, prior experience is also not required.

What is the most profitable insurance to sell?

The Most Profitable Insurance to SellIt should not come as a big surprise that auto insurance is the best selling and most profitable insurance product. … Property or home insurance typically covers anything that can pose a risk to your clients’ property like theft, flood, fire, and inclement weather.More items…

Is selling life insurance hard?

Selling life insurance is a tough way to make a living and an even more difficult way to sustain a lucrative, long-lasting career. … The difficulties facing new life insurance agents are great in number. The pay is usually straight commission.

Can you become a millionaire selling life insurance?

Life insurance sales is not for the fainthearted. Prospecting, appointments, closing, paperwork, cancellations … it’s all in a day’s work for these professionals. But only a handful of them become millionaires doing this job. … Statistics show that the best salespeople can close a sale on the first visit.

Why do insurance agents quit?

The number one secondary reason agents quit selling insurance was that they ran out of money. The second most common secondary reason agents failed selling insurance was that they ran out of prospects to sell to. The third reason was the agency wasn’t a good fit. And the fourth was personal issues.