Can you sell life insurance at home?

Asked by: Waylon Jaskolski  |  Last update: July 27, 2025
Score: 4.3/5 (10 votes)

Yes, you can sell life insurance from home. You'll need a state license to sell life insurance, and you may need a business license from your state or municipality as well. 51 A computer, high-speed internet connection, printer, and phone will allow you to work productively and meet virtually with clients.

Can you sell insurance from your home?

You don't have to spend your time traveling and chasing leads to build an insurance business. Liveops Independent Insurance Agents sell insurance from home. We connect you with some of the largest and most respected insurance companies in the nation, so you can feel proud to offer products customers can rely on.

How to become an insurance agent from home?

How to Become an Online Insurance Agent. The minimum qualifications to become an online insurance agent include a high school diploma and strong interpersonal communication skills. You also need a state license to sell insurance, which entails completing coursework and taking exams.

How much can I sell my $100,000 life insurance policy for?

This means that an average life settlement offer on a $100,000 policy may be around $20,000 and an average offer on a $1,000,000 policy may be around $200,000. There are a number of factors that affect the amount that a policyholder could be offered, including: Age of the Insured. Health of the Insured.

How hard is selling life insurance?

Life insurance is a very difficult product to sell. Simply getting your prospect to acknowledge and discuss the fact they are going to die is a hard first step. When and if you clear that hurdle, your next task is creating urgency so they buy right away.

The Easiest Way To Sell Life Insurance

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What is the highest paying insurance to sell?

Life Insurance Policies

Financial Rewards: Selling life insurance can be highly lucrative, often offering substantial commissions. Emotional Fulfillment: Life insurance agents provide crucial support during clients' major life events, building meaningful relationships.

Can you become a millionaire selling life insurance?

If you have a great work ethic and are willing to place yourself out there to establish relationships with clients, you will get more opportunities to earn a higher income. Selling insurance may even make you a millionaire.

How much commission do you get for selling life insurance?

Typically, a life insurance agent receives anywhere from 30% to 90% of the amount paid for a policy (also known as the premium) by the client in the first year. In later years, the agent may receive anywhere from 3% to 10% of each year's premium, also known as "renewals" or "trailing commissions."

What is the cash value of a $25,000 life insurance policy?

Examples of Cash Value Life Insurance

An example is a cash value life insurance policy with a $25,000 death benefit. Assuming you don't take out a loan or withdraw, the cash value accumulates to $5,000. After the policyholder's death, the insurance company would pay out the full death benefit, which would be $25,000.

Which insurance license makes the most money?

The Top Five Highest-Paying Insurance Career Jobs In 2024
  • Insurance Agent.
  • Insurance Underwriter.
  • Actuary.
  • Personal Finance Advisors.
  • Claims Adjusters, Appraisers, Examiners, and Investigators.

Can I be an insurance agent as a side hustle?

You may find that the insurance industry can be a very profitable way to work for yourself, have a flexible schedule, and help the people you work with! A part-time insurance business is a great way to dip your toes in the water and find out if it's right for you.

How do home insurance agents get paid?

Do I Have To Pay The Insurance Agent A Fee? Insurance Agents get paid a commission (percentage of your premium) from your insurance carrier. You do not pay insurance agents directly. Instead, every time you make a premium payment, the insurance carrier pays the set commission rate to the agent or agency.

How to become an insurance agent from home with no experience?

How To Become A Work-From-Home Insurance Agent: 5 Steps
  1. Earn your insurance license(s). Regardless of where you choose to work, you must be licensed to sell a specific type of insurance in a given state. ...
  2. Contract with an insurer(s). ...
  3. Set up your home office. ...
  4. Source leads. ...
  5. Contact prospects and close the sale.

How to make money selling insurance from home?

As a life insurance agent or broker, the most common way for you to earn an income is through commissions. Generally, you can receive front-loaded commissions of 40% to up to 115% of the policy's first-year premiums. The rates for renewals, however, fall steeply to about 1% or 2%.

Is selling home insurance profitable?

As noted above, net profit margins for property and casualty insurance are known to be thin, with some estimates placing it at only 5 percent (Damodaran, 2024). Consequently, faced with unsustainable losses, the number of insurers in the state understandably declined.

Is selling life insurance a good hustle?

In our opinion, it doesn't hurt that insurance is a lucrative business. You can gain commissions on the plans that you sell, so it's entirely up to you how much you want to hustle. You can also make more money with consistent renewals, so it pays in the long run to have loyal clients.

What type of life insurance pays highest commission?

Commission rates for whole and universal life insurance plans are often significantly higher than those for term life policies. Agents, however, must ensure that their clients are able to meet premium payments.

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.

What is the most profitable 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.

Why is selling insurance so hard?

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.

How fast can you make money selling life insurance?

Most businesses don't make any profit in their first year of operating. It could take anywhere from 18 to 24 months for your insurance sales to actually provide profit. Don't feel discouraged. Every small business owner has to clear this hurdle.

Why do people who sell insurance make so much money?

In essence, insurance brokers provide invaluable expertise to clients, ensuring they have the coverage they need. Their compensation, through commissions and fees, reflects the vital services they offer within the industry.

How do life insurance agents get paid?

Commission structures vary by policy and company. But typically, life insurance agents receive as commission 60% to 80% of the premiums you pay in the first year. They collect smaller commissions in subsequent years. Added up, 5% to 10% of all the premiums you pay over the life of the policy could go to commissions.

What kind of insurance is the most profitable?

Understanding Profitability in Insurance Sales

While various types of insurance are available, life insurance stands out for its profitability and long-term benefits.