Hi everyone,
I am curious about the earning potential of insurance agents. What is the typical monthly income for an insurance agent, and how does it vary based on factors like experience, location, and type of insurance sold?
Worked as side income for 1.5 years 1st year $18k 2nd year $43k 3rd year $73k 4th year $171k 5th year $223k and counting
Does this mean the amount one makes in a month is dependent on the experience they have?
The number of sales cannot be determined as it depends on the commission structure, the product being sold, the price, and if there are others selling under you.
A $1,000 life insurance premium was paid to the company, which underwrote and issued the policy, presented it to the consumer, and accepted the final form. Let’s say the "first-year commissions paid into the pool were 60%, or $600. I’d get $60 that week.
I earned side income for 1.5 years: $18k in the first year, $43k in the second, $73k in the third, $171k in the fourth, and $223k in the fifth year, with earnings still growing.
If you want to learn more, send me a private message.
An insurance agent’s monthly income varies based on experience, products sold, company, sales volume, and compensation structure. Agents may earn through commissions only, a salary plus commissions, or a draw against future commissions.