What type of insurance sales makes the most money?

While there are many kinds of insurance (ranging from auto insurance to health insurance), the most lucrative career in the insurance field is for those selling life insurance.

Do insurance sales agents make good money?

The US Bureau of Labor Statistics reports that an insurance agent made $50,940 per year on average in 2019. The lowest 10\% in the industry earned more like $28,000, and the highest 10\% earned over $125,000. The way you earn your income differs depending on which company you work for and what kind of insurance you sell.

What is the average income of an insurance salesman?

How Much Does an Insurance Sales Agent Make? Insurance Sales Agents made a median salary of $50,940 in 2019. The best-paid 25 percent made $77,460 that year, while the lowest-paid 25 percent made $36,520.

Can you make millions selling insurance?

Insurance agents can make more than a million dollars per year, but most don’t because they focus on marketing to people they know and rely heavily on referrals. This is based off a scenario of an agent that receives health insurance leads with an average close rate of 20\%.

Is selling insurance a good business?

Growth potential One of the pros of selling insurance for a living is the potential for growth. According to the U.S. Bureau of Labor Statistics, the job outlook for insurance sales agents is positive, with an estimated growth rate of 5\% between 2019 and 2029.

Is being a real estate agent a profitable job?

The pay for the agent (if there is one) is small as noted in another answer. Real estate has its own regulatory challenges which are constantly shifting too. It also really depends on what you consider “profitable.” Earnings must be considered in context of the hours spent in the endeavor.

Is it better to sell insurance or real estate for profit?

Any business comes with a need to properly manage its resources and make practical decisions on a day to day basis i Both real estate and insurance sales can be very lucrative. Don’t pick one over the other because someone suggests that one is more profitable than the other.

What does a real estate agent do on a daily basis?

Real estate agents set a day-to-day work schedule that works for them. Much of a real estate agent’s time is spent socializing, meeting people, and building relationships. Cons: Having a flexible schedule in real estate means you have to be flexible to the client’s needs.

Is real estate a good career choice?

Real estate really is a great career choice. This article isn’t meant to scare anyone away from real estate, but is offered to be an honest look at the real estate business from both sides of success and failure.