What type of insurance sales makes the most money?

Asked by: Gunner Schowalter  |  Last update: June 24, 2025
Score: 4.5/5 (3 votes)

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.

What is the most profitable insurance sales?

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.

What position in insurance makes the most money?

Roles such as Life Insurance Actuary, Underwriting Manager, and Consulting Actuary often command the highest salaries in the life insurance sector. The best paying jobs in life insurance in terms of salary also include positions like Claims Director or Chief Compliance Officer.

What type of insurance is the most profitable?

Life insurance stands out as one of the most profitable types of insurance due to its steady demand, attractive commissions, high premiums, and long-term policy tenure.

What is the highest salary for insurance sales agents?

Highest paying cities near India for Insurance Agents
  • Bengaluru, Karnataka. ₹4,32,520 per year. 2 salaries reported.
  • Pune, Maharashtra. ₹3,78,830 per year. 14 salaries reported.
  • Gurgaon, Haryana. ₹3,68,520 per year. ...
  • Mumbai, Maharashtra. ₹3,36,830 per year. ...
  • Hyderabad, Telangana. ₹3,19,764 per year. ...
  • Show more nearby cities.

I Asked 166 Life Insurance Agent How Much Money They ACTUALLY Make Per Month

15 related questions found

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 highest paid sales position?

8 of the highest-paying sales jobs in the US
  1. Account executive. Average annual salary: $153,487 ($82,885 base pay, $70,601 additional pay) ...
  2. Sales manager. ...
  3. Pharmaceutical sales representative. ...
  4. Medical device sales representative. ...
  5. Sales engineer. ...
  6. Real estate agent. ...
  7. Digital sales manager. ...
  8. Software sales representative.

Can selling insurance make you a millionaire?

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.

Who is the richest person in insurance?

1. Warren Buffett. Buffett once again secures the top spot on the list of the country's wealthiest insurance tycoons. The man known as the “Oracle of Omaha” currently sits in the tenth spot of Forbes' overall rankings with a net worth of $103.6 billion.

Can you make 6 figures selling life insurance?

How Much Money Can You Make Selling Life Insurance? Annual income for a life insurance agent can vary from as little as $28,000 per year to as much as $125,000 per year.

What is the #1 highest paid position?

Get Matched!
  • Obstetrician and Gynecologist. #1 in Best-Paying Jobs. ...
  • Psychiatrist. #2 in Best-Paying Jobs. ...
  • Emergency Medicine Physician. #3 in Best-Paying Jobs. ...
  • Orthodontist. #4 in Best-Paying Jobs. ...
  • Anesthesiologist. #5 in Best-Paying Jobs. ...
  • Oral and Maxillofacial Surgeon. #6 in Best-Paying Jobs. ...
  • Radiologist. ...
  • Pilot.

Which insurance company has best salary?

Popular companies for an Insurance in India
  • ₹16T - ₹28T. /mo. ₹26T. Insurance. ...
  • Kotak Mahindra Bank. ₹1L - ₹7L. /yr. ₹3L. ...
  • Genpact. ₹2L - ₹3L. /yr. ₹2L. ...
  • Tata AIA Life. ₹15T - ₹42T. /mo. ₹28T. ...
  • EOX Vantage. ₹10T - ₹12T. /mo. ₹11T. ...
  • Pramerica Life Insurance. ₹15T - ₹18T. /mo. ₹17T. ...
  • HDFC ERGO Health Insurance. ₹27T - ₹2L. /mo. ₹1L. ...
  • ₹12T - ₹13T. /mo. ₹13T.

Who is the greatest insurance salesman ever?

Ben Feldman (September 7, 1912 – November 7, 1993) was an American businessman and one of the most prolific salespeople in history. As early as 1979, Feldman had sold more life insurance than anyone in history.

Do insurance salesmen make a lot of money?

As per ZipRecruiter, as of Oct 17, 2024, the average annual pay for a Licensed Insurance Agent in the United States is $71,292 a year. Generally, an insurance agent makes money via commissions. It's the most common form of compensation for insurance agents.

What type of underwriter makes the most money?

High Paying Insurance Underwriter Jobs
  • Chief Underwriter. Salary range: $132,500-$257,000 per year. ...
  • Underwriting Director. Salary range: $100,000-$168,500 per year. ...
  • Property Underwriter. ...
  • Casualty Underwriter. ...
  • Underwriting Manager. ...
  • Production Underwriter. ...
  • Underwriting Consultant. ...
  • Senior Underwriter.

Who makes the most money selling insurance?

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

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.

What insurance company do billionaires use?

A small number of premier insurance companies offer these products tailored to the unique needs of high net worth families. Chubb, PURE Insurance, Cincinnati Insurance, AIG Private Client, VAULT, and National General are all highly regarded insurance companies with products reserved for high net worth homeowners.

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 many policies does an insurance agent sell per month?

About on average 25 to 40 per month. 2.5 policies per month is the Official Number from the financial reports. But many people do it part time. 10 on average.

What is passive income for insurance agents?

Residual income is also called passive or recurring income. These are commissions tied to premium payments.

What is the hardest job in sales?

The Sales Development Rep (or outbound rep) whose main goal is setting qualified meetings – has the hardest job in sales, in my opinion. The Sales Development Rep (or outbound rep) whose main goal is setting qualified meetings – has the hardest job in sales, in my opinion.

Can you make 200K in sales?

Average sales representatives earn over $100K per year, with top performers making over $200K annually. * Scheduled Leads: Company-scheduled leads ensure you have more time to focus on selling and ...

What is the best sales industry to get into?

What Is The Best Field For Sales Now (2024-2025)?
  • Pharmaceutical Sales. ...
  • Medical Device Sales. ...
  • Software Sales. ...
  • Financial Services Sales. ...
  • Advertising Sales. ...
  • Real Estate Agent. ...
  • Consumer Packaged Goods Sales. ...
  • Insurance Sales.