How much do insurance agents make?

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PostPosted: Thu Mar 12, 2009 10:59 pm   Post subject:   

I made about 80,000 my first year selling life insurance and annuities, but I didn't start from scratch. I had my securities licenses and worked with a major bank (decent client base).
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PostPosted: Fri Mar 13, 2009 5:36 pm   Post subject:   

I made about 78,000 in my first year.
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PostPosted: Sat Mar 14, 2009 3:52 am   Post subject:   

Hey Glenda, why not become a part of this community? You can surely add a lot to it. Smile

~Jeremy
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PostPosted: Fri Mar 27, 2009 6:27 pm   Post subject: Making extra to supplement your income  

If you are a licensed life and health insurance agent in your home state who would like the freedom to work from home selling life insurance products over the phone please contact me. It's a great way to make extra money during these tough times. You have complete control of your schedule. As a licensed agent providing services to clients, you'll receive inbound calls at your home from potential customers wanting to learn more about the products they have seen through various mediums, including mailers, TV spots, and sweepstakes. There is NO cold calling.
You will get a great per talk minute rate and sales incentives. Plus other perks like having your non-resident licenses paid for.
If you are really interested and your health/life state license is in good standing please contact me ASAP so I can get the process started for you.
I have been doing this work for over 2 years and was recently asked by the company to get new recruits because they are expanding.
Please email me with any questions:
theinsurancerecruiter AT gmail DOT com

We are not currently recruiting in the following states:
Texas, Massachusetts, New York, New Hampshire,
Connecticut, California, Oregon, Washington.

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PostPosted: Sun Mar 29, 2009 4:02 pm   Post subject:   

A great way to make 'extra' money? Does that mean you are looking for the part-timers? That's about all we need in the industry now...more part-timers who don't take this as a serious career.
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PostPosted: Sat Apr 11, 2009 2:14 am   Post subject:   

Todd King is a joke. He calls himself an IMO. Works out of his house I bet. Ask him what kind of training he gives to agents. He don't even have a website. I think it is very sad for any IMO to recruit from forums. Is this how IMO's make their living? I bet some of them put ads on craigslist too. What a joke. I'm going to become an IMO soon, and work out of my house.
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PostPosted: Sat Apr 11, 2009 3:20 am   Post subject:   

Spencer,
I don't know who you are. You obviously know my name, but that must be all you know about me. You want to visit my website? www[dot]ngfgllc[dot]com
I never claimed to give training to agents. I actually hire very few untrained agents. My contracts are not for those agents.
Is it really that sad that I give agents an opportunity that they don't get somewhere else?
What I do is help people. You, my stealth friend may be alien to that concept but I'm not.
Why don't you come from behind the shadows and let me know who you are. But then again, if you did that, I'll be willing to bet I could probably share a story of why you are out to defame me for no good reason. Did I say something to hurt your feelings on another forum or something?
You should be careful with your accusations out of ignorance else they may come back to bite you. There are a few people on this forum who know me very well and know what I do for people to help them.
What do you do for people my friend? Not very much I suspect!
You want to hide in the shadows and call me a joke? If you think you have the "truth" about something, come on out and present it like a real man!
Otherwise, stay in the shadows and make your little childish accusations and continue to act in childish ways.
If in fact I have wronged you in any way, please let me know, I'll do what I can to set it right...I never deliberately try to hurt someone, but I will go out of my way to make a thing right.

Website link deactivated as per the forum rules

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PostPosted: Sat Apr 11, 2009 11:04 am   Post subject:   

Hi Ohio,

Quote:
I happen to be all of the above...with the exception of having a complete understanding of the internet. Therefore I am not making a million bucks per year.

So, you're highlighting the impact of internet technology within the insurance industry! Are you pointing at a larger database being covered online? Or is it that you're stressing upon a wider and more flexible agent network online? I'd be glad to listen to you.

Steven
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PostPosted: Sun Apr 12, 2009 3:51 am   Post subject:   

Spencer401k,
Quote:
He don't even have a website?
You're kidding us, right?
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PostPosted: Wed May 20, 2009 3:28 pm   Post subject: Yeah, They get that in ALLOT of Forums!  

Spencer,
You are not alone! Sadly enough, true! A bunch of agents out there trying to build a down line to make money off of others because they don't want to sell for themselves. They have a basic knowledge of the industry, and become their own "IMO" Idiot's Marketing to OTHERS"
"NGFGLLC" is on allot of other insurance forums pushing their crap on others.

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PostPosted: Wed May 20, 2009 3:56 pm   Post subject: Ok, this is Great!  

InsInvestigator,
Great Great Stuff!

I am Proud to have others like you!
I too was subjected to a company doing that. Not going to name that Particular company (IMO) as it is still pending and charges have not been pressed as of today, it is still being investigated, Going on 5 months now. But I am sure the AIC, will be contacting them very soon! And they were churning a past employers business. And it was a "HUGE" company they were churning.
They were more than happy to run with this information....

Great Forum!
Hallelujah for Honest Agents!

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PostPosted: Wed May 20, 2009 4:29 pm   Post subject:   

Quote:
Spencer,
You are not alone! Sadly enough, true! A bunch of agents out there trying to build a down line to make money off of others because they don't want to sell for themselves. They have a basic knowledge of the industry, and become their own "IMO" Idiot's Marketing to OTHERS"
"NGFGLLC" is on allot of other insurance forums pushing their crap on others.


LOL. Wow, the assumptions just keep on rolling don't they?
For your and others info, I have been an agent for many years. I have sold tons of policies. I found myself in the position to help other agents get the contracts they deserve that they can't get on their own. I help agents, I don't hurt them in any way shape or form.
So tell me, what would you rather have, the highest contract you can get or to go direct with a company on a lower contract? Would you rather be on contracts high enough that you can actually offer other agents very good contracts or be at street level?
You see, I've been the insurance agent that has been screwed over by uplines trying to make as much off me as possible. Since I've gotten to the position I have, I promised myself that I would never do that to agents and would offer them what they usually can't get anywhere else.
You should really find out more about me and what I actually do before you lump me into some big "IMO' pile on your list.
I do understand what you are talking about when it comes to certain IMO's and all, but I assure you, I don't play that game!
If you really want to find out what I do and a little more about me and what my philosophy is, you can contact me at your convenience.
Otherwise, please stop ASSuming you know about me.

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PostPosted: Wed May 20, 2009 8:43 pm   Post subject:   

Great-Stuff, Thanks for the kind words.

Over the past 15 years, I've always done my best to make a difference within an industry rot with moral and ethical decay, corruption, and illicit business practices. My investigations have led to fines and restitution in excess of $1.3 Billion and the permanent revocation of 13 insurance licenses. Very few things in life give me more pleasure than taking a bad agent (or agency) off the street.
Some things, however, still tend to confuse me. The case above, for example, involving Mr. King and a couple of agents who seem to be circling him like vultures, predisposed with reducing what he does for a living to something he should be ashamed of. These agents obviously know him or are competitors of some sort. Otherwise, why would they spend their valuable time making such a big deal out of nothing?
Or maybe I have it all wrong. If a person heads or works for an IMO, does that automatically make them a bad apple? I have investigated plenty of IMOs and, in fact, am currently working to bring down a couple of very large agencies in Texas and California. So, I guess, I have a pretty clear picture of what is/is not bad.
I have a question: If I complete an investigation of say, 70,000 bad cases, and afterwards assign these cases to agents I trust (so that they can re-write all the bad business) does that make me an IMO? If IMOs are all that bad, I certainly don’t want to be part of one.
Thanks, Mark

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PostPosted: Wed May 20, 2009 9:46 pm   Post subject:   

Mark,
I don't think I even know who these two are. I don't think I've ever had any dealings with them.
One thing for sure though...If they took the time to talk with me they would find out that I'm a bit different from what they might have ran into in the past.
I personally think it must be some other IMO or competitor of some kind. Otherwise, they have nothing to go on other than ASSumptions.
Whoever it is I can surely say that I have never done them wrong and they have no basis for these personal comments about me.
I sure wish they had enough gumption to step out of the shadows and confront me directly. But, of course they won't do that.

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Todd R. King
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PostPosted: Tue May 26, 2009 3:35 am   Post subject:   

Although we receive the question about "how much insurance agents make" quite frequently, this recent discussion really brings up a second question...perhaps a follow up question. Insurance agents is such a broad category, and does not necessarily distinguish between the different careers in insurance.

For example, an insurance agent may make most of his income off of other agents (such as is the case with most IMO's). Even if not an IMO, an insurance agent could employ captive agents and make most of his money off of the efforts of others.

On the other hand, you have insurance agents that are independent that will never employ another agent. These insurance agents make most of their money (in fact all) off of their sales and bonuses / commissions. These agents may claim to be the hardest working, but it really depends how you look at it.

Many agents spend an incredible amount of time mentoring their new hire agents. I, for example, spend a lot more time riding with agents and field training them on their own appointments...then I do actually working on my own sales. As a result, a larger portion of my income is derived from the sales of others...but that doesn't mean I don't know insurance! I train agents that way because it helps them succeed and I would never ask them to split commissions with me...they have set up the appointment (or my team has set it for them) and I am just there to observe and counsel.

There are many different ways for an insurance agent to get paid...and none of them are right or wrong. There are negative practices in the insurance field, but labeling all IMO's as scam artists or multi-level marketers is inaccurate. However, as with any other industry, a few bad apples can spoil the bunch...and a couple negative publicities can lead to mass confusion and distrust!
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