Exposing how much money people actually make selling life insurance 😳

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I asked 166 life insurance agents how much do they make per month.... This is just data take it however you like it :)

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I just started selling 3 months ago and have earned 25k so far. It’s been amazing.

jeffdrum

Word of advice to anyone don’t ever work for a captive agency or for one company. Try to work with a brokerage that can allow you to shop with multiple carriers to provide options for different price points.

Toozooted

The numbers don’t specify hours worked. The agency that’s hiring me only has the top two guys working 40 hours and they are the ones making 2-4k weekly.

joshacox

Life insurance is a great opportunity, but you have to remember that if the person canceles the policy within nine months after starting it, then you have to pay the commission back. It's called a chargeback.

gameANDchange

You might want to let people know for them to sale, they need to be:
1. People person
2. Extrovert
3. Have Great communication skills

Or else you will fail

blackmillennial

One of the most non over hyped truthful Life Insurance Post.

AscenditNation

You said some reported that they lost money, but you didn't include them on the sheet? 😂

HiImRawr

😂😂😂😂 there is a 80/20 rule in every industry .
20% do 80% of the work. He should look at only the 20% and figure the number. The 80% are just people with dreams but no work ethic to make it happen

realtyonegroup

"Some even recorded to lose money" Buzzed by that part. 😂 Hey at least he didn't lie 😂😂😂

CLandNation

There are over 450k licensed agents and he sampled 166 unknown secret agents ….. talk about misrepresentation

gonzalosandate

That’s is accurate, I was told I’ll be making 1 grand a week as a beginner and that that is the low end of the spectrum

CristianGonzalez-qfos

The insurance company should be paying for the leads.

marjn

I can vouch for this I gave up my all my benefits and hourly position just to think the life insurance industry was going to make my life a lot easier my assumptions were wrong I put 50-60 hours a week and made less than what I made from my hourly job, you need to learn how to save in this industry because one day you might make a lot and another you might not so definitely make a savings account and also track how much you’re bringing in a month

Juju-lo

Should've just done all full time instead of part timers 🤦🏻‍♂️

gtidriver

Peter, I have a quick question please answer this question for me, when you comes time to do your taxes I was told you should only save 30% of your paycheck however, when it comes to taxes shouldn’t don’t you have to deduct what you put in to your acquisition for leads. For example, if I am dumping about $3000 into lead acquisition, shouldn’t I subtract that cost before being taxed on that is not how it works?

Peter-wltm