Hello everyone, does anyone know how much an insurance agent makes in a month?
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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.
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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.