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How Much Do Life Insurance Agents Make Per Year

The bureau of labor statistics figured the annual wage of insurance agents life insurance agents included at just over 46000 in 2010. For both captive and independent insurance agents the more years working as an agent the more customers they obtain and the more solid their reputation becomes as a trusted agent.

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Experience equals more money.

How much do life insurance agents make per year. Thats more than 10000 over the national average wage as reported by bls. Experience matters when it comes to how much insurance agents can make. I was doing some research on it but couldnt find out how much they make a year.

According to the may 2012 records from the bureau of labor statistics the average insurance agent salary is 63400 per year. Every company is different but life insurance agents may make 30 to 70 percent in commission of the first year premium on term life insurance. However its not that cut and dry.

Many life insurance agents receive sales commissions for the products or services that they sell to clients. There are a number of ways to get into the industry as a sales agent and a. For life insurance agents this means earning a median annual wage thats well above the national average.

According to the us. Bureau of labor statistics the average insurance agents total pay salary commission and bonuses in 2013 was 48210 with the bottom 10 earning an average of 26120 and the top 10 earning 116940. How much does a life insurance agent make.

Top ranking producers may even get 100 of the full premium in the first year as commission and 5 commission from the second to the fourth year. How much do insurance agents make just like any other commission based sales job in the world the sky is the limit as far as income goes for an insurance agent. Can be as high as 75 percent of the premium for the next nine years.

Agents will receive a large up front commission based on the cost of the first years. How much money do insurance agents make. Insurance agents sell property life health automobile and many more kinds of insurance depending on the company of employment.

I am just curious because i am a licensed chiropractor wanting to be an insurance agent. Then after the first 10 years agents often get very small fees called. Salary how much does an insurance agent make.

If youre thinking of a career as an insurance agent you are probably asking yourself how much do insurance agents make. An entry level insurance sales agent with less than 1 year experience can expect to earn an average total compensation includes tips bonus and overtime pay of 32212 based on 357 salaries.

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