How many hours a week does an insurance agent work?
Asked by: Nia Mills | Last update: April 19, 2025Score: 4.1/5 (7 votes)
Is an insurance agent's job stressful?
Insurance agents often face pressure to achieve their goals while simultaneously providing exceptional customer service, meeting sales quotas, and staying abreast of industry regulations. This, combined with the responsibility of safeguarding clients' financial well-being, can make for a stressful work environment.
Why do most life insurance agents quit?
Research shows (opens in a new window) that 80% of finance and insurance agents feel they aren't valued at work; they feel they are “only evaluated on what went wrong or could have been done better.” This is a major issue for finding and retaining top talent, which is more important than ever (opens in a new window).
What's a typical day like for an insurance agent?
The day of a captive insurance agent begins with arriving at the office, reviewing the schedule, and checking emails with important updates from clients or the company. Later, the agents usually review the insurance policies and products offered by their company, so they can be well-prepared for client inquiries.
Do insurance agents work a lot?
And probably 2-4 hours a day meeting with new clients, sending quotes, etc. The rest of the time is spent on managing advertising, doing the books, payroll, etc. At least half of my new clients come through referrals. In the busy season I work 8am to 8pm, usually 60-70 hour weeks. But that's only for 9 weeks.
My First 90 Days To Six Figures As An Insurance Agent
What are the cons of being an insurance agent?
- Unpredictable income. Working in a commission-based role has its drawbacks. ...
- High-pressure work environment. Selling insurance can be stressful. ...
- Finding new leads can be challenging. ...
- Limited paid time off. ...
- Experiencing a lot of rejection.
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.
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.
How many days a week 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.
Is it hard to make money as an 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 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.
Which life insurance agents make the most money?
Top paying companies in Insurance for Life Insurance Agent are National Agents Alliance, New York Life, and National Income Life.
How long do most insurance agents last?
The burnout rate for life insurance sales agents is high. More than 90% of new agents quit the business within the first year. The rate increases to greater than 95% when extended to five years.
Do insurance agents get paid a lot?
Insurance agents earn a mean annual salary of $79,650 or an hourly rate of $37, according to the latest data from the Bureau of Labor Statistics (BLS). While starting wages can be significantly lower than this number, industry veterans with an established client network can easily earn a six-figure salary.
Do insurance agents have flexible 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.
Do introverts make good insurance agents?
Introverts possess a range of strengths that are often overlooked in the insurance industry. These professionals excel in areas that require deep thinking, focused work, and the ability to build strong, trust-based relationships.
Do insurance agents travel a lot?
Most insurance sales agents work in offices, although some may spend much of their time traveling to meet with clients.
Are insurance jobs flexible?
Many insurance companies offer flexible hours, work-from-home, or hybrid options to help employees find a work-life balance in their favor. This flexibility can help you escape the monotony of office life and avoid burnout by balancing your priorities effectively while maintaining a career that excites you.
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.
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.
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 the best insurance company to work for as an agent?
Farmers Insurance
Farmers Insurance Group is another American insurance company that sales agents and employees find best to work for. It offers a comprehensive range of insurance products and financial services, including auto, home, renters, life, and business insurance among others.
Is insurance agent a stressful job?
Being an insurance agent can be a rewarding career, but that doesn't mean it doesn't have its share of frustrations. Like any job, selling insurance comes with pressure to perform and job related stress.
What kind of insurance agent gets paid the most?
- Reinsurance Accountant. ...
- Health Insurance Specialist. ...
- Insurance Broker. ...
- Liability Claims Representative. ...
- Insurance Adjuster. ...
- Insurance Manager. ...
- Final Expense Agent. Salary range: $62,500-$98,500 per year. ...
- Life Insurance Actuary. Salary range: $79,500-$98,500 per year.
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.