Exposing how much money people actually make selling life insurance 😳

I asked 166 life insurance agents how much do they make per month.... This is just data take it however you like it :)
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[@jeffdrum10]

I just started selling 3 months ago and have earned 25k so far. It’s been amazing.

[@redarbz6545]

who you work with??

[@jeffdrum10]

@@redarbz6545 I work for a brokerage that provides me leads from home

[@swaggking729]

Which brokerage is that?

[@jackdoherty2375]

@@jeffdrum10i need help

[@zonansg4212]

Sold or made?

[@Toozooted642]

Word of advice to anyone don’t ever work for a captive agency or for one company. Try to work with a brokerage that can allow you to shop with multiple carriers to provide options for different price points.

[@chieflingco]

yeah.... i just left new york life and now i have an interview with a brokerage company.

[@Virability]

Insurance brokerage company?

[@mg.s24]

Iso of good non captive brokerage company to work with

[@michaelgreen7028]

What’s wrong with a “captive agency?”

[@gtf5392]

@michaelgreen7028 - captive agencies want you to sell their products even if they aren’t the best prices. Like anything, it’s better to shop around for the best deals if you truly want to help the people you’re selling coverage to.

[@gameANDchange]

Life insurance is a great opportunity, but you have to remember that if the person canceles the policy within nine months after starting it, then you have to pay the commission back. It's called a chargeback.

[@kristianhardy6816]

lol that's not every situation that's just a bad contract dude or IMO features it all depends who your biz partners are and what agency you go under

[@BigFootCurt]

@@kristianhardy6816exactly mine doesn’t do that 😂

[@jeffdrum10]

My company has a 3 month chargeback window so it’s not too bad at all.

[@df7817]

@@jeffdrum10 which company

[@jonsimpson6569]

Who gives a rip about a charge back? They're gonna be there regardless, just gotta keep cranking our numbers.

[@joshacox3110]

The numbers don’t specify hours worked. The agency that’s hiring me only has the top two guys working 40 hours and they are the ones making 2-4k weekly.

[@Sir.YeetusIII]

40 hrs is the average for full time work, whats wrong with that?

[@blackmillennial2542]

You might want to let people know for them to sale, they need to be: 1. People person 2. Extrovert 3. Have Great communication skills Or else you will fail

[@jalenmackall6743]

U don’t really need to be an extrovert

[@ItsShayy]

Definitely dont need to be an extrovert, Im an introvert and decided to get into sales to actually help get me out of my comfort zone and be able to make connections with random people

[@user-ui9bu6zw6w]

Sorry but you do not need to be an extrovert to be successful in sales.

[@bungus49]

Exactly, im introverted, but when there's a purpose/topic/task at hand, I can talk all day about that. It's just casual talk/crowded social events that I sometimes struggle with, I'm kind of like a bot lmfao@@ItsShayy

[@ItsShayy]

@@bungus49 same , like my close friends be saying I’m not quiet nor shy but I definitely am, I’m just comfortable with them🤣🤣

[@AscenditNation]

One of the most non over hyped truthful Life Insurance Post.

[@realtyonegroup1173]

😂😂😂😂 there is a 80/20 rule in every industry . 20% do 80% of the work. He should look at only the 20% and figure the number. The 80% are just people with dreams but no work ethic to make it happen

[@joshacox3110]

Exactly. As I said above the income breakdown is almost always dependent upon hours worked/people you get in front of.

[@HiImRawr]

You said some reported that they lost money, but you didn't include them on the sheet? 😂

[@huddieentertainment]

I saw another vid where he said he didnt put them on there because they lost money so he just put 0 lol

[@CristianGonzalez-qf2os]

That’s is accurate, I was told I’ll be making 1 grand a week as a beginner and that that is the low end of the spectrum

[@HiImRawr]

How much have you made now bud?

[@my2moneypits]

Im curious too

[@BigFootCurt]

Exactly!

[@RayTheomo]

​@@HiImRawrradio silence. Not a good sign😂

[@HiImRawr]

@@RayTheomo yessir that was my point too lol

[@CLand1Nation]

"Some even recorded to lose money" Buzzed by that part. 😂 Hey at least he didn't lie 😂😂😂

[@marjn1030]

The insurance company should be paying for the leads.

[@gonzalosandate420]

There are over 450k licensed agents and he sampled 166 unknown secret agents ….. talk about misrepresentation

[@Pnellyvlogs]

He’s supposed to disclose every last one of those agents names? And 450,000 agents… he can’t interview all those people lol.

[@D20034]

What’s he supposed to survey 450k people 💀

[@colbybartz5489]

It’s all about work ethic, how committed are you to earning money and how far are you willing to go?

[@Juju-l3o]

I can vouch for this I gave up my all my benefits and hourly position just to think the life insurance industry was going to make my life a lot easier my assumptions were wrong I put 50-60 hours a week and made less than what I made from my hourly job, you need to learn how to save in this industry because one day you might make a lot and another you might not so definitely make a savings account and also track how much you’re bringing in a month

[@peterroberts9686]

Sorry to hear this thank you for sharing

[@df7817]

Either your working for an mlm... Or what?

[@ericamlca]

How much did you make at your hourly job? What’s your position at that hourly job? How old are you? The agency that you sold life insurance with assuming you did have one what was your compensation percentage? Were you telesales in person both?

[@df7817]

@@ericamlca wow 1000 questions lol

[@ericamlca]

@@df7817 lol I know! I’m just trying to get an understanding like you are 🙂

[@MgGlobal]

I am licensed agent and I make about 10-15 per month

[@peterroberts9686]

Nice work

[@devncross]

How long have you been in this business? Also are you planning on trying to make even more a month? I’m 20 years old and Im studying for my license right now and I’m ready to be up 24/7 taking notes, networking etc to try be in the 7 figures area I want to be there by at least 26 Even with side hustles included.

[@Juju-l3o]

@@devncross I would say find a good agency and a good SA/MGA/RGA because being in the wrong agency can really screw with your numbers also leads are important too this goes with the choosing the right agency as well, some places like to give you old recycled leads that had already been filed for death claim or lapsed/canceled policies which is a big headache when you call them choose the right agency and good luck to you !

[@df7817]

​@@Juju-l3o what are the acroxromins

[@davidross1332]

@@df7817 leadership roles above just a normal agent. You're direct field manager is your SA, MGA and RGA's are master general agent and regional general agent. If you'd like to learn more, my company is always hiring from all 50 states! I've loved working from home here, and we all have meetings over Zoom.

[@Ryan-vn8hy]

Kind of odd that these numbers are all round, even numbers. I’ve been selling life insurance for years and my income is never an even amount like this…

[@brittneysilver2351]

What has been your overall experience earnings to hours worked?

[@BigM0neyHustla]

How much you make?

[@ChaseDizzie]

Don't get scammed by these folks

[@shaman295]

Who are you talking about?

[@gtidriver5331]

Should've just done all full time instead of part timers 🤦🏻‍♂️

[@djjdhfnfndnfjdkwj]

it doesnt matter if we dont know which state. salaries and wages vary depending on location as well

[@Peter-wl3tm]

Peter, I have a quick question please answer this question for me, when you comes time to do your taxes I was told you should only save 30% of your paycheck however, when it comes to taxes shouldn’t don’t you have to deduct what you put in to your acquisition for leads. For example, if I am dumping about $3000 into lead acquisition, shouldn’t I subtract that cost before being taxed on that is not how it works?

[@i-Zen]

I always skipped those jobs on indeed.. if they need an agent they will look for one.. shit is annoying

[@shayanzadeh3159]

So your making 40k a month while the top sales person out of a 160 people that you surveyed makes only 25k? 🤔

[@zororora2210]

All they doing is recycling existing clients and the top people stay on top the only people who can make money are the ones who consistently bring more new clients/customers or try to sell "product" to existing clients. If you have a big family, workforce, friend group etc you can make money but if you don't know anyone or do not have that supportive group it's almost a waste of time

[@NateDawg3211]

Do most of these companies give you a base rate and throw commission on top of it..?

[@mockdr]

I feel like it would be a pretty mentally draining job though. Like seeing all these people pass would kind of suck.

[@kelvinconner7878]

That’s because they’re an agent and not a broker

[@RazuVankii]

Bro you’re a broker you can tell these people you work for specific company you just need to know what you’re doing and be confident to make the sale! 🔥

[@toccaradorceya]

Doesn't it depend on what type of insurance sales you get into?

[@bossplayagaming5254]

How much can u make selling Florida blue or Medicaid per deal

[@michaelvarela4401]

You can’t sell Medicaid.

[@MrBrewman95]

There was a young guy that I know that started in his early 20s seven years ago. Made 20k a month and spoke at every FFL event. Years later, he owes 100k in chargebacks and can't get any decent leads and now is working in a restaurant. It is not all that glamorous as it sounds.

[@Mattster2578]

This can’t be true

[@fitlyfe4138]

I wonder if that’s after charge backs and advertising/lead cost

[@DaikoLIVE]

just got my liscense. can you help me put with selling insurance?

[@davidross1332]

Hey Daiko! I'm not sure if you've chosen a company to work for or not, but I started out with American Income Life which is now a part of Globe Life, they're on the stock market. If you'd like more information about what I do or if you'd like to shoot back and forth, let me know

[@DaikoLIVE]

@@davidross1332 im interested

[@ederaguilar7396]

@@davidross1332 they recently hired me

[@davidross1332]

@@ederaguilar7396 that’s amazing! I’d love to connect with you and stay in touch. I’m new here as well, a couple months in

[@ederaguilar7396]

@@davidross1332 Im finishing up my courses I should be done this Friday and start my 10 Day training Saturday

[@inezrosa4198]

Dude l been license for 3 yrs and no luck

[@UserName-fm8wp]

who you work with?

[@devncross]

Well it’s commission and if it’s been 3 years I don’t think it’s luck at that point. Are you trying your very best? Are you going to the extra trainings that are available? Are you asking for help? Do you stay inside more often to study? Are you networking properly? Questions you have to ask yourself in these type of businesses because nothing is guaranteed you work for yourself.

[@clydeb7713]

Do you get leads? Are you trained how to sell answer objections and ask for the sale? Find a mentor.

[@TaurusKhalifa]

Maybe you should sign with my agency. We have a product that basically sells itself

[@cupcakely997]

@@TaurusKhalifa which agency?

[@vivianwu7669]

Go work in a chinese take out and take orders. 6k cash per month + including space to live.... yall beat lmfao😂😂

[@TravisBradyBrands]

Hey Peter! I love your content! We are looking for speakers that would want to be a part of our events in Utah, Las Vegas and Arizona. Would this be something you'd be open to hearing more about?

[@peterroberts9686]

Shoot me a dm

[@horsemen601]

what kind of event?

[@TravisBradyBrands]

What would be the best email to reach you?@@peterroberts9686

[@TravisBradyBrands]

I can send you an email regarding what kind of events we are hosting, what would be the best one to reach you?@@horsemen601

[@devangoode6684]

What company are you with?

[@Fantasia-fw6xt]

Is this a pyramid scheme?

[@contextualmedia]

Fix the lineup it’s driving me crazy

[@Virability]

Which company? Is it overnight?

[@HazelVTcha]

If you are dedicated it can take overnight to learn but of course getting licensed and stuff does take about a couple months or maybe less

[@HoopsPlug96]

Just work for hourly pay much better

[@ghostman6074]

I don’t trust fast talkers.

[@Marcorilla]

Life insurance is a scam! Don’t do it! They say they make money but a lot of those commissions are returned. Broke

[@MagicSwizzle]

Term life is not a scam. $50 a month for a 30 year 500k policy for your family is worth it.

[@monkmode-et9ur]

Hmmm it depends on the company. Always look for the “McDonalds” of your industry (I hate McDonalds” it’s just an example

[@hellofreeman6653]

That’s garbage pay.

[@mysterygirl3108]

Which country

[@Ohioskinsfan]

This is misleading info.. if 100 of the 168 are making $5,000 plus, then obviously, the average would be higher.

[@TrueWealthFinancial]

This is gold! 🏆

[@akuma_matata__]

Don't do it.. literally do anything else. Waste of time.

[@luckystar4um]

Capping

[@kristenalmonte1110]

Helpful!

[@jonazvega]

Lmao it’s all a mentality game of the amount of money you make

[@peterroberts9686]

RIght

[@rossmurrayfam1568]

Not Bad

[@travelfoodielove]

Amazing

[@peterroberts9686]

Thank you! Cheers!

[@tysonthompson1381]

That’s low….

[@awesomeness7117]

Lol thats sad

[@MartySumo]

Big ass scam

[@mattrkelly]

so not good 😅

[@inezrosa4198]

Im making zero dollars

[@stevesworld305]

Do you have qualified leads, how’s your pitch?

[@clydeb7713]

Get a mentor and get trained. You can learn.

[@angelrodriguez3069]

Any update ❤

[@clydeb7713]

Are you bilingual? If you are, that is an advantage for you. Target that as well.

[@flextime6349]

@@davidross1332hey David got an email I can reach you at?

[@Upper_Room_Studios]

When you say how many agents, make sure to slur your speech even more because I was almost able to understand what the fuck you were saying. "Hundred and sizzhzyszoozizs agens". SMH

[@quickjoy3461]

speed up your hearing

[@Ifugy554]

Hi