answersLogoWhite

0

Is insurance sales agent a high paying job?

Updated: 8/17/2019
User Avatar

Wiki User

11y ago

Best Answer

no my husband has been in it for 8 months and is lucky if he makes 300 a week

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is insurance sales agent a high paying job?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Facts about Insurance Agent School?

Insurance agents are required, at a minimum, to be licensed in order to sell insurance. Each state has different requirements. Insurance agencies usually have specific educational requirements that include a college degree. A degree in business and sales is most appropriate for insurance agents. After the initial requirement is filled, the potential employee will be required to go through insurance agent school. Insurance agent schools provide necessary tools for agents to perform their job properly. This includes customer relations, sales techniques, difference in types of insurance and how to properly execute the paperwork necessary to complete a transaction. An insurance agent school program is often paid for by the employer with the provision that the insurance agent works a designated amount of time with their office. This is a great way for potential insurance agents to get through school and into work immediately following successful completion of the program. Insurance agents usually work on a commission basis. That means that the agent makes a certain percentage of the amount of insurance he or she sells. If the agent is unable to secure any insurance sales, he or she will not make any money. The percentage of the commission depends on the company the insurance agent works for. It can run from 30% to 70% which is strictly dependent on the contract between the insurance agency and the insurance agent. It also depends on the type of insurance being sold. For example there is a difference between pay for homeowner's insurance and life insurance. Since many types of insurance are required, there is great potential for insurance agents to make extremely good commissions. Attending an insurance agent school will give the student the knowledge to sell insurance at a high rate. Insurance agents provide the ability to get necessary insurance coverage as well as more uncommon insurance types. The possibilities are, literally, endless for insurance agents who understand how sales work and how to properly close an insurance sale.


Where can one get high quality health insurance sales leads?

There are many places where one can get high quality health insurance sales leads. One can get high quality health insurance sales leads at popular on the web sources such as Precise Leads and All Web Leads.


What are the highest paying work from home jobs in my area?

It depens on what area you are in but most high paying work at home jobs are sales positions.


Is dwi insurance a high-risk type of insurance?

DWI Insurance does offer a multitude of products for the consumer. High-risk insurance is one of the products that they offer. Contact your agent for pricing information, as it is related to your personal situation.


What qualifications are needed to work in insurance?

In order to work for an insurance company, one would need a certain level of education depending on what department the job would be for. Some require a high school diploma while some require a college degree.


A Promising Career: Insurance Sales Agent?

One of the most interesting and promising careers is the one of Insurance Sales Agent. Not only is it varied enough, but it also is rewarding in the sense of establishing long-term relationships with customers. An insurance sales agent sometimes becomes part of the circle of friends of a long-term customer. By helping that customer in all insurance needs throughout the customer’s lifetime, the agent becomes an important part of that family. Job Description There are many tasks that an insurance agent gets involved with on a daily basis. Besides dealing with customers and providers, an insurance agent will have to attend meetings and seminars to learn new skills, know about new products, services, and other important areas of insurance. An agent will process new accounts calculating payments and premiums. He/she will assist customers by helping them analyze their current and future insurance needs, suggest new products and services, and update policies. He/she will assist clients with their insurance claims by obtaining and providing the necessary information. An insurance agent will also be in contact with the underwriter and will provide the necessary information/forms to process the claim. An insurance sales agent will use some marketing strategies necessary to compete with other insurance firms. He/she will learn to complete all the necessary policy requirements to submit information - such as medical and other necessary forms/information. An agent will have to know bookkeeping in order to assist clients in developing group policies that work for them and their businesses. He/she will have to inspect properties to assess the type of risk and make an informative decision on the type of property. An insurance sales agent will interview prospective clients and suggest products and services to obtain new accounts, as well as help such customers evaluate their current insurance situation. Another important task is to monitor insurance claims until they are settled. An agent will have to network and look for new prospects. He/she will keep ongoing prospect lists. He/she will also have some administrative tasks to perform depending on the company he/she works for and their inside policies. An agent will be knowledgeable of the many different types of insurance policies such as medical, dental, life, automobile, fire, and other special policies such as farm, crops, medical malpractice, marine, and others. Other work tasks will include keeping records, do presentations, work with different software and equipment, use bookkeeping and accounting software, make reports, work with business or government paperwork, and have knowledge of insurance laws. There may be other requirements and tasks depending on the company and type of insurance that the company the agent works for will specialize. In addition, other internal job policies will require other tasks as well. Salary The salary for an insurance agent varies from $27,000 - $48,000 average depending on the type of industry and company the individual works for as well as his/her performance as a sales agent in generating new accounts and growing a customer base. Performance bonuses and commissions will also apply to this career. Education Requirements A license from the state in which the agent works is needed. Depending on the State, an individual may have to pass several exams and complete insurance courses and training. Candidates that have major in business, economics, or finance will have advantage for hire over high school candidates. People without a degree will have to have related experience in sales or similar and undergo training and licensing. Job Settings There are many job settings such as private insurance firms, government, hospitals, school districts, big corporations, franchises, non-profit organizations, and self-employment. The areas of employment are vast and varied.


Why do some people not get the chance of life insurance?

If a client gets declined by an insurance company, they can still apply with different companies that specialize in high risk life insurance. An experienced agent can help.


Is being a resale agent for time shares a lucrative profession?

Bing a resale agent for time shares can be a lucrative profession. Sales have been slow due to the recession and high unemployment.


How can a high risk driver find affordable insurance?

There are many ways for a high risk driver to find affordable insurance. One way would be to drive safer so that the insurance goes down. Another way would be for them to drive a car in their parents' names to avoid paying their own insurance.


What high paying Minnesota jobs are available?

The highest paying jobs in Minnesota are available in various industries. Salaries vary from $150000 to $650000. From engineering, sales or IT, there are available in different locations of Minnesota state.


What is the high-low price for full coverage insurance on a new model sportbike under 1000cc?

Because insurance costs vary state to state, you should call your agent.


What high paying jobs deal with vechiles?

There are several high paying jobs that deal with vehicles. This includes car manufacturing positions, along with mechanics and sales jobs. Other jobs include vehicle inspectors, as well as driving teachers and repair specialists.