Hello everyone, does anyone know how much an insurance agent makes in a month?
It all depends on how good the market is and how well you run your business. Successful ones can earn $150,000 each month, while inexperienced ones might lose money (especially when they’re just starting out).
My grandpa, who was in this business for a long time, used to say that it’s really tough to earn $100,000 a year in this field, but once you get the hang of it, making $1 million a year becomes much easier.
A big part of success is training yourself and not getting too caught up in the results, but focusing on what’s best for your clients. Over time, you’ll build a clientele that trusts you, and all the hard work you did for smaller clients when you were starting out will pay off in the form of referrals and new clients.
Entry-Level Insurance Agents
- Annual Salary: $30,000 to $50,000
- Entry-level agents typically start with a base salary or a lower commission rate as they build their client base and gain experience.
Policies for whole life pay rather well. As a general rule, you receive between 80 and 100 percent of the first year premium. In a multi-level sales organization, they will likely receive between 25 and 50 percent of that commission up until they close a large number of policies or hire more people.