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How much money does an insurance salesman earn?

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Answered 2006-09-16 07:02:49

Well it depends, where you are located and what company you work for, and what lines of insurance you sell. But as an average according to the Department of Labor The median annual earnings of wage and salary insurance sales agents were $41,720 in May 2004. The middle 50 percent earned between $29,980 and $66,160. The lowest 10 percent had earnings of $23,170 or less, while the highest 10 percent earned more than $108,800. Median annual earnings in May 2004 in the two industries employing the largest number of insurance sales agents were $42,010 for insurance carriers, and $41,840 for agencies, brokerages, and other insurance related activities. And if you are a "salesman" in this business you will not go far, because it is a business of ethics and morals, not so much throwing sales pitches around. Many sucessful agents are advisors or consultant and try to do whats best for their clients; being a salesman are for car dealers. Hope this helps!

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