How much do beginner life insurance agents make?
Robert Miller
Updated on April 03, 2026
You can expect to earn $2,000-5,000 per month starting out. This will depend on the products you sell, the commissions, and how hard you are willing to work. Many agents these days opt to sell products from the best life insurance companies. See this page to learn about no exam life insurance.
Do life insurance salesmen make good money?
Life insurance agents can make good money, because their salary is often largely based on commission, even when an employer pays them a base salary. If you are an independent insurance agent, commission rates become even more important because you will only be paid based on commission.
How much do life insurance sales reps make?
Life Insurance Sales Salary
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $129,500 | $10,791 |
| 75th Percentile | $100,000 | $8,333 |
| Average | $86,826 | $7,235 |
| 25th Percentile | $61,000 | $5,083 |
How much do life insurance agents make per policy?
A Life Insurance Agent’s Commission 1 Every company differs, but for term insurance policies, agents may make 40% to 90% of the first year premium as a commission. A term life policy lasts for a specific time—such as 5, 10, or 20 years.
Is selling life insurance a pyramid scheme?
Is selling life insurance a pyramid scheme? Life insurance as such is not an pyramid scheme. Though Primerica is a Multi-Level Marketing company, which many would consider a Pyramid Scheme.
Is insurance sales a good career choice?
Due to the low barriers of entry, insurance sales is a good career choice for people who are transitioning into a new career following a major life change. A college degree is preferred but is not required in many insurance firms. Unlike many other finance-related positions, prior experience is also not required.
How much money can you make in insurance sales?
The median annual wage for insurance agents was $48,150. The highest paid 10% of insurance agents earned more than $116,940 annually. The lowest paid 10% of insurance agents earned less than $26,120 annually.
Do you want to be a life insurance agent?
The insurance agent or financial consultants’ career allows for plenty of advancement and career development. There’s lots of room to grow, thanks to both an abundance of life insurance jobs and specializations you can pursue as well as an ageing workforce.
Why is insurance sales a good career choice?
Few Barriers to Entry Due to the low barriers of entry, insurance sales is a good career choice for people who are transitioning into a new career following a major life change. It only takes a few weeks or months to study for the state licensing exam, pass the exam, and start selling insurance.
What do insurance sales agents do for a living?
Insurance Sales Agents job description, what do Insurance Sales Agents do, typical day for Insurance Sales Agents, what is it like to work as an Insurance Sales Agent, how many hours do Insurance Sales Agents work, day to day work of an Insurance Sales Agent
What’s the typical day of a life insurance agent?
A typical day for a life insurance agent involves actively pursuing potential clients by phone, mail, email, or social media; making presentations to clients or groups; and meeting with clients to discuss long-term goals and coverage options.
