Can you work part-time selling life insurance?
Asked by: Audreanne Bruen | Last update: March 20, 2025Score: 4.8/5 (36 votes)
Can life insurance agents work part-time?
People do life and health part-time all the time. It's commission only, so you're an independent contractor. When I advertise for insurance positions, I say commission only, work full or part-time on your schedule. My best recruits are those who have full-time positions that want to work this part-time on this side.
Can you sell life insurance as a side job?
Yes, absolutely possible. There are people who are earning in six to seven figures selling life insurance part time. In this business, your time and effort is your investment. The more time you put in the better returns. Pls PM me if you want to learn more.
Is selling insurance a good part-time job?
Yes absolutely. Get those licenses and don't let them lapse, even if you decide to stop working in insurance for a while. Insurance is a massive, recession-proof, generally well-paying industry and a fantastic fall back. You will always have a job if you're licensed and have some experience.
Can you sell final expense insurance part-time?
Absolutely yes! Many FMOs will try to convince you that you can't sell final expense part time. They couldn't be more wrong. With this product you can definitely set your own hours and work as much (or as little) as you choose.
Working Part-Time As A Life Insurance Agent - Should You Do It?
Can you sell insurance as a second job?
Because of the flexibility, you may use insurance sales as a supplemental income while you are working another job. Many people choose to do this as they transition from their old career to working as a full-time agent. Because an agent's salary is heavily commission-based, this may be a more practical option.
How long does it take to 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.
Is selling life insurance stressful?
Insurance sales jobs are highly stressful with little pay guarantee and is an industry with a high quit rate. To be successful in the industry, new agents should understand the skills and attributes that are common among top producers.
How much do life insurance agents make per policy?
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."
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.
How hard is it to sell life insurance?
A career as a life insurance sales professional can be challenging. The competition is fierce, and you may experience a lot of rejection before a successful sale. Conducting business in the comforts of your home isn't any different. You should be willing to put in the effort for your venture to grow.
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.
How much do you make selling one life insurance policy?
The most common way life insurance agents make money is through commissions. Generally, agents receive front-loaded commissions of 40% to up to 115% of the policy's first-year premiums, although the figure for renewals falls steeply to about 1% or 2%.
Can selling life insurance be a side hustle?
Earn Supplemental Income
Looking to make some extra cash on the side? Now's the perfect time to start selling insurance! While we would never recommend going into any profession solely for the money, some people do enjoy earning something a little extra on top of their primary income.
Can you be a part-time agent?
It's possible to work as a part-time agent if you have kids, want a job in retirement, or are trying to transition from another career. In some cases, it may even be the best way to get your feet wet. You just have to know what you're getting into before making that decision.
Do part-time employees get life insurance?
Part-time employees may receive benefits, but it's usually at the discretion of their employers. As long as they follow all minimum federal, state and local requirements, businesses have the freedom to dictate the terms of their benefits packages and who is or isn't eligible.
Can you make a living as a life insurance agent?
You can make a good living selling life insurance, especially if you continue to earn commissions on policies you have already sold. However, it is not an easy career, as it requires constantly working to find leads, build relationships, and make sales.
Why do insurance agents earn so much?
Most professionals who sell insurance are paid largely on a commission basis. In fact, most agents aren't even employees of the carrier. More often than not, they're independent contractors who are compensated based on how much they sell, with higher commissions for certain types of products.
Is there a high demand for life 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.
What is the hardest part of selling life insurance?
Building trust with potential clients is perhaps the most demanding part of selling insurance. It requires more than just pitching policies and presenting numbers; it's about establishing a personal connection, actively listening to their concerns, and providing them with comprehensive solutions.
Do life insurance agents get paid hourly?
Since the agent has no allegiance to the carrier(s) they represent, they are not paid an hourly wage to market and sell the insurance products they carry contracts for. However, when the agent does make a sale, the commissions can be much more lucrative than salary alone.
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.
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.
What is an entry level insurance sales agent?
An entry-level Insurance agent works with individual customers to evaluate their circumstances and financial resources and presents various insurance plans that can meet their needs. They are responsible for growing our customer base and driving insurance sales through networking, referrals, and marketing strategies.
Is it worth it to become a life insurance agent?
A career selling insurance can be a good way to make money. It provides many opportunities to earn a high income with strong potential for growth. Because your income will mostly come from commissions, there can be no limit to how much you earn.