Are insurance jobs flexible?

Do insurance agents make 6 figures?

A life insurance agent's income potential is uncapped. Some of the highest earners make well over six figures each year, while others choose to work as part-time insurance agents to earn some extra cash.

What are the cons of being an insurance agent?

How many hours a week do insurance agents work?

How many hours per week does an insurance agent work? Most agents work full time and some work over 40 hours per week.

What is the hardest part of being an insurance agent?

What is the hardest part of being an insurance agent? The hardest part of being an insurance agent often revolves around the constant need for lead generation and sales. Many agents struggle with the cold calling aspect, where rejection is frequent, and maintaining a steady stream of new clients can be challenging.

Do insurance jobs pay well?

The best Insurance jobs can pay up to $188,000 per year.

You could be an insurance salesperson, who is responsible for getting clients to sign up for policies.

Do people enjoy working in insurance?

Despite its reputation, insurance offers a variety of rewarding aspects including helping others, job security, engaging work, transferable skills, and the opportunity to connect your career with your passions.

Why is selling insurance so hard?

There are many challenges facing new life insurance agents. The pay is usually straight commission. Finding qualified customers yourself is notoriously difficult, and the few leads that your company may give you have usually been contacted by dozens of agents already.

Can you make a lot of money in insurance?

As of early 2023, the average annual pay for a Life insurance agent in the United States was $83,442 a year. The top four paying states for Life insurance agents are New York, New Hampshire, Vermont, and Maine. Life agents in these states earn higher salaries than the national average.

Why did I quit being an insurance agent?

There's two big reasons why insurance agents quit: they don't feel valued, and they aren't given the technology they need to do their jobs well. In addition, managing commissions while hitting performance goals is a stressful part of the job for many insurance agents.

Do insurance agents get a base salary?

Many insurance agents also work full-time as salaried employees for insurance companies and agencies. Depending on their contract, they may earn a fixed wage or this plus commissions. Companies may also provide staff bonuses if they reach a certain profit target.

How many hours is a flexible schedule?

A flex schedule allows employees to move working hours around that are different from typical business working hours of 8:00 a.m. to 6 p.m. As long as the hours worked totals 40 per week, flexible hours allow employees time to do things during the day they otherwise wouldn't be able to do.

Why are insurance agents so rich?

One of the primary reasons insurance agents can accumulate wealth is their commission-based income structure. Unlike salaried employees, agents earn a percentage of the premiums they sell to clients. As they build a client base and generate more sales, their income potential increases.

Why do most life insurance agents fail?

The most commonly cited reason insurance agents fail is that they fail to listen to their customers and take the time to find the best product to suit their needs. Agents who bring the right solutions to customers build trust, and that helps them build a book of loyal customers.

Which insurance license is hardest to get?

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. The Property insurance exam is easier than the Casualty insurance exam.

What is passive income for insurance agents?

Benefit #4: Passive Income

Your commission percentage on a policy drops after the first year, but you keep earning 5% to 10% as long as the policyholder pays their monthly premium. This is passive income you receive each month without even having to get out of bed.

Can I be a part-time insurance agent?

Becoming an independent insurance agent can be an incredibly rewarding career path with significant financial and personal benefits. If you're entrepreneurial-minded and eager to build a client base, starting part-time could be the perfect way to transition into this field.

Can insurance agents make 100k?

An agent selling one or two policies per week at this commission level could make $50,000 to $100,000 in their first year as an agent.

Is there a demand for insurance agents?

Job Outlook

Employment of insurance sales agents is projected to grow 6 percent from 2023 to 2033, faster than the average for all occupations.

Is it easy to make money as an insurance agent?

The latest data from the Bureau of Labor Statistics (BLS) shows that insurance agents earn a mean annual salary of $79,650 or an hourly rate of $37. While wages for entry-level professionals can be significantly lower, industry veterans with an established customer network can earn salaries that can reach six-figures.

What is the most lucrative insurance to sell?

Life insurance is the most profitable—and the hardest—type of insurance to sell. With the highest premiums and the longest-running contract, it brings in cash over a long period of time. In the first year, agents make the largest annual sum on a policy, bringing in anywhere from 40–120% of the policy premium.