Is health insurance easy to sell?
Asked by: Prof. Clement Abshire | Last update: July 14, 2025Score: 5/5 (58 votes)
How lucrative is selling health insurance?
With health insurance sales, you sell a policy and receive a monthly commission (usually $25 per member) for every month they stay on the plan. If you can get your “book of business” up to several hundred clients, then you should have no problem making a six-figure income – all while getting to be your own boss!
What is the hardest type of insurance to sell?
Life insurance is the most profitable—and the hardest—type of insurance to sell.
How hard is it to sell health insurance?
Selling insurance can be challenging for several reasons: Complex Products: Insurance products can be complex and difficult to understand. Agents must be knowledgeable about various policies, coverage options, and exclusions, which can make it hard to explain them clearly to potential clients.
Is it hard to make money selling insurance?
It is a very difficult occupation but, if you can do it, it can be extremely rewarding. I am not just talking about income. Every year, in virtually every state, 100s or 1000s of people take the insurance license exam. Of the ones that pass, a small % are eventually successful.
How to Sell Life Insurance: Making Your First Million Dollars with Eric Howard Ep229
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.
Is selling insurance a stressful job?
Selling insurance can be stressful. It requires long work hours. You can also experience constant pressure to meet different quotas and targets. The highly competitive nature of the profession can create a work environment that often leads to stress and burnout.
How long does it take to make money selling health 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.
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.
How to get ACA certification?
There are multiple training modules you're required to complete before taking four exams, including a new module and exam that cover the American Rescue Plan Act of 2021. Other modules include ACA Basics, Eligibility for/Enrolling in a QHP (Qualified Health Plan), Information Security, and more.
Which insurance is easier to sell?
First, life insurance sales jobs are abundant and easy to find. Second, commission percentages are very high compared to other insurance sales, such as health insurance. Best of all, life insurance agents get paid commission renewals for as long as a sold policy is in force. This creates a passive income stream.
What type of insurance pays the most commission?
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 I become a millionaire selling insurance?
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.
What is the most profitable health insurance company?
1. UnitedHealth Group. UnitedHealthcare, part of UnitedHealth Group, is the largest health insurance company, based on revenue. UnitedHealthcare sells individual and family plans and group plans, which you get through an employer.
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.
Can you make good money selling health insurance?
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.
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 best insurance to sell?
People usually see selling life insurance as a really good way to make money in the insurance world. It's because you can earn more money from it than other kinds of insurance out there.
Can I sell insurance as a side hustle?
Selling insurance as a side hustle offers a flexible and potentially lucrative opportunity to earn extra income. Whether you're a stay-at-home parent, a college student, or a full-time employee looking to boost your earnings, becoming an insurance agent can provide a rewarding way to achieve your financial goals.
Is it hard to start selling insurance?
The requirements to become an insurance agent vary by state, but they can often be completed much faster than other professions that require a license. Exactly how long does it take to become an insurance agent? Most people can become one in only a few weeks, and a bachelor's degree isn't required.
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.
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 hours a week does an insurance agent 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.
Are insurance agents in high demand?
Job Outlook
Employment of insurance sales agents is projected to grow 6 percent from 2023 to 2033, faster than the average for all occupations. About 47,100 openings for insurance sales agents are projected each year, on average, over the decade.