How much do independent insurance agents make?
John Hall
Updated on March 23, 2026
Independent Insurance Sales Agent Salary
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $200,000 | $96 |
| 75th Percentile | $111,000 | $53 |
| Average | $91,323 | $44 |
| 25th Percentile | $42,500 | $20 |
How do independent life insurance agents get paid?
Independent agents are paid primarily on commission. The more clients they serve, the more money they make. And as those clients renew each year, independent agents continue to make commissions of those policies. In general, however, independent agents receive larger commissions than captive agents.
Do independent insurance agents make more money?
Commission Structure If you are an independent agent, you can generally earn a much higher percentage of your commission. If you are a captive agent, you will receive a smaller percentage of the policy price.
What is the commission of LIC agent?
There isn’t any fix salary from the LIC for the agents. Though, Agents earn the commission for the policies they sale. LIC offers 25% to 35% commission on the policy premium for the first year, then 7.5% for 2nd & 3rd Year + 5% till the policy maturity.
What are the benefits for LIC agent?
Interest Free Advance for purchase of CAR/ Motor Bike and Office Equipment. Interest Free Advance for Festival Advance. Housing Loan At Concessional Rate of Interest. Term Insurance and Mediclaim Benefit.
How to become an appointed independent insurance agent-nationwide?
Taking care of your unique business needs is our #1 priority. Get appointed with a carrier you can trust. Get appointed with Nationwide ®. At Nationwide ®, we believe in creating strong, long-lasting relationships with independent agents.
How to decide what kind of insurance agent to be?
1. Decide what kind of insurance agent you want to be You will need to decide between two types of insurance agents when starting your insurance agent business: captive and independent. A captive agent is one who works with only one company, typically a large national insurance provider.
How long does it take to become an insurance agent?
Exactly how long does it take to become an insurance agent? Most people can become one in only a few weeks. If you choose to take an online course that requires a certain number of study hours, your ability to complete it will largely determine your licensing time.
Can a broker represent more than one insurance company?
Independent – An agent or broker that represents more than one insurance company, so they can offer clients a wider choice of insurance options. Learn how to start your own Insurance Agency once you are Licensed. Why Independent?
