How fast can you make money as a life insurance agent?
Asked by: Prof. Luciano Christiansen V | Last update: November 4, 2025Score: 4.6/5 (23 votes)
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.
Is it hard to make money as a life insurance agent?
Comments Section It can be a good gig. But in this day and age, it's a highly competitive field. Traditionall, to make good money, you would have to sell expensive whole life policies, which are very hard to sell without a natural network especially as a young person.
Do life insurance agents get paid good?
Life insurance agents are typically paid on commission. The more business they write, the more money they make. A life insurance agent who doesn't sell any policies is going to make zero. A successful life insurance agent can make $500000 or more per year. These commissions often pile up.
Is selling life insurance a good hustle?
Selling life insurance can definitely pay well, but it's a lot harder than it sounds -- long hours, high pressure, and rejection are part of the deal. The upside is the potential for high commissions, but it takes time to build a steady income and not everyone has the patience for it.
The Fastest Way To Make 10k Per Month As A New Life Insurance Agent
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.
Is being a part-time insurance agent worth it?
One of the key advantages of working part-time as an insurance agent is that it enables you to maintain your main job. If you have bills to pay and responsibilities to meet, this can be hugely beneficial. You can gradually transition into the insurance field while ensuring a steady paycheck from your existing job.
How many policies does an insurance agent sell per month?
How many policies does an insurance agent sell? According to the financial reports, the Official Number is 2.5 policies per month. However, many people just do it part-time.
What kind of insurance agent gets paid the most?
While there are many kinds of insurance (ranging from auto insurance to health insurance), the most lucrative career in the insurance field is for those selling life insurance.
Can you make a living as an 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.
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.
Can you become a millionaire being a life insurance agent?
Some agents, advisors, and multi-line agents made a million dollars in the first year they worked with us selling life insurance! While most of the others it took 2, 3, or more years to make a million dollars per year selling life insurance.
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.
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.
Is life insurance the hardest thing to sell?
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.
Do insurance agents get a base salary?
Insurance agents usually make money through commissions, with the commission amount often depending on the type and number of insurance policies they have sold and whether these policies are new or renewals.
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.
What is the most lucrative type of 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.
Do life insurance agents really make a lot of money?
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.
How many insurance agents quit?
You Don't Get Fired As A Life Insurance Agent... You Quit. We often hear about the statistic that 93% of agents leave this business within the first three years, but one thing that struck me during the live session is that agents don't actually fail out of this business.
How many hours a day do insurance agents work?
Insurance Agents generally work between 40 to 50 hours per week, but this can fluctuate depending on client needs, policy renewals, and sales goals. Many agents have the flexibility to set their own schedules, which can lead to working evenings or weekends to accommodate clients.
How much commission do life insurance agents make?
How life insurance commissions work. 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.
Can selling life insurance be a side hustle?
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.
What are the cons of being an insurance agent?
Cons of working in insurance sales
For some people, the thought of earning commissions is appealing. For others, it can cause stress and worry about their future financial situation. New insurance agents often work long hours to build and strengthen relationships and get their names out in the industry.
Do insurance agents make their own schedules?
Flexible Schedule
Typically, insurance agents do not sit at a desk all day long. Your schedule will likely involve meetings and appointments with clients to help them find the right plan. The beauty in this is that you get to choose your own schedule and don't have to stay in one place.