Is it worth to become an insurance agent?

Is being an insurance agent worth it? Actually, hard-working insurance agents regularly earn over $100,000 in their first year. Life insurance agents enjoy a lucrative career, but it does involve a constant hustle, networking, and sales in evenings and on weekends and general hard work.

How much commission do insurance agents get?

On average: Home and car captive agents typically receive a 5 to 10\% commission on the first year’s premium, while independent agents average 15\%. Life and health insurance agents make most of their money in the first-year premium.

What is the hardest insurance exam?

Which insurance test is the toughest? Each insurance licensing exam presents its own challenge. Between Life and Health, students say that the Health insurance exam is the more difficult. Health insurance policies are simply more complicated than life insurance policies.

What is it like to be an insurance agent?

Life insurance agents enjoy a lucrative career, but it does involve a constant hustle, networking, and sales in evenings and on weekends and general hard work. And there can be a lot of rejection before each sale. Rejection is standard in every sales career, but insurance sales set you up for significant rejection.

Why should you use an independent insurance agent?

Assuming you make the right decision and go with an independent insurance agent, you have a much better chance at saving money. Independent insurance brokers use their experience as leverage to keep insurance companies honest with their rates. They also shop your policies annually.

Is it difficult to become a life insurance sales agent?

This highly competitive environment is conducive to filling America’s life insurance needs, but it can prove to be a tough environment for a new agent who typically makes a living on commissions from sales. The burnout rate for life insurance sales agents is high. More than 90\% of new agents quit the business within the first year.

How much do life insurance agents make in their first year?

Even in financial services, few careers can offer you as a newcomer the potential to earn as much right away as becoming a life insurance agent. Actually, hard-working insurance agents regularly earn over $100,000 in their first year.