
Selling life insurance can be a tough and demoralising profession. It can be difficult to find customers and the pay is usually commission-based. However, some people see it as a lucrative opportunity to help families protect their financial future.
Characteristics | Values |
---|---|
Pay structure | Commission-based |
Income | Can be lucrative |
Customer leads | Must be found by the agent |
Difficulty | Demoralising, challenging |
Career prospects | Not a long-lasting career |
What You'll Learn
It can be a tough way to make a living
Selling life insurance can be a tough way to make a living. It can be an intimidating career path, and some industry analysts report agents burning out within a year. The pay is usually commission-based, which means that finding qualified customers yourself is notoriously difficult. The few leads that your company may give you have usually been contacted by dozens of agents already. It can be relatively easy to find jobs selling life insurance, but it can be challenging to succeed in the role. Many people need life insurance, but getting them to buy it is like trying to convince them to floss their teeth every night.
Life insurance sales can add up to passive income, as once you sell a policy, you continue to earn a commission on it, providing the owner of the policy pays their monthly premiums. However, this also means that you are dependent on the policy owner continuing to pay their premiums for your income. If they stop paying, you will no longer receive a commission on that policy.
Life insurance agents must find customer leads on their own in a competitive market. This can be challenging, as many people view life insurance as a necessary evil rather than a desirable product. Additionally, the life insurance industry is propped up by the millions of dollars of insurance lobbying by the big carriers spend making sure they can sell their products at fat commissions. This means that agents are often selling crap products at high prices, which can be demoralizing.
Overall, selling life insurance can be a tough and demoralizing way to make a living. It is a competitive and challenging industry, and agents must be prepared for the potential challenges and difficulties they may face.
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It can be demoralising
Selling life insurance can be demoralising. Many people need life insurance, but getting them to buy it is like trying to convince them to floss their teeth every night. It can be a tough way to make a living and an even more difficult way to sustain a lucrative, long-lasting career. Some industry analysts report agents burning out within a year. The pay is usually straight commission, and finding qualified customers yourself is notoriously difficult. The few leads that your company may give you have usually been contacted by dozens of agents already.
Life insurance agents are paid in commissions and must find customer leads on their own in a competitive market. It can be relatively easy to find jobs selling life insurance. Life insurance sales can add up to passive income, as once you sell a policy, you continue to earn a commission on it, providing the owner of the policy pays their monthly premiums. However, it is a mercenary profession propped up by the millions of dollars of insurance lobbying by the big carriers spend making sure they can sell their crap products at fat commissions.
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It can be lucrative
Life insurance sales can be lucrative, with agents earning good money and passive income through commissions. Once an agent sells a policy, they continue to earn a commission on it as long as the owner of the policy pays their monthly premiums. However, the pay is usually straight commission, so finding qualified customers can be difficult. Some industry analysts report agents burning out within a year. It can be relatively easy to find jobs selling life insurance, but it is a competitive market and the few leads that a company may give you have usually been contacted by dozens of agents already.
Life insurance sales can be a dream job, with agents getting paid well while also helping families protect their financial future. However, it is important to consider the challenges of finding customers and the potential for burnout. The job may also involve selling other types of insurance, such as car, health, disability, and home insurance.
While life insurance sales can be lucrative, it is important to consider the challenges and potential drawbacks of the job. It may not be a good career path for everyone, and it is important to research the industry and understand the pros and cons before entering it.
Overall, life insurance sales can be a lucrative opportunity, but it is important to be aware of the potential challenges and difficulties. With hard work and dedication, agents can earn good money and help families protect their financial future.
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It can be intimidating
Selling life insurance can be intimidating. Many people need life insurance, but getting them to buy it is like trying to convince them to floss their teeth every night. It can be a demoralising, mercenary profession, where you have to find customer leads on your own in a competitive market. The pay is usually straight commission, and finding qualified customers yourself is notoriously difficult. The few leads that your company may give you have usually been contacted by dozens of agents already. With these challenges, it's understandable that some people might question whether life insurance is a good career path.
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It can be a dream job
Selling life insurance can be a dream job. Many people need life insurance, and you can get paid good money to help families protect their financial future. Life insurance sales can add up to passive income, as once you sell a policy, you continue to earn a commission on it, providing the owner of the policy pays their monthly premiums. This can include life insurance, as well as car, health, disability, and home insurance.
It can be relatively easy to find jobs selling life insurance, and it can be a lucrative opportunity. You can get paid well, and it can be a great way to help people. It is a competitive market, and it can be challenging to find qualified customers, but with the right leads and persistence, you can build a successful career.
Some people may find the job demoralizing or mercenary, but it all depends on your perspective and approach. If you focus on helping families and providing valuable financial protection, it can be a rewarding and fulfilling career.
Additionally, selling life insurance can offer flexibility and the opportunity to be your own boss. You can set your own hours and work at your own pace, which can be a great perk for those who value independence and autonomy.
Overall, selling life insurance can indeed be a dream job for those who are motivated, persistent, and passionate about helping others. With the potential for good income, passive income streams, and the ability to make a positive impact, it can be a rewarding and fulfilling career choice.
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Frequently asked questions
No, selling life insurance is a tough way to make a living and an even more difficult way to sustain a lucrative, long-lasting career. Some industry analysts report agents burning out within a year.
Life insurance agents are paid in commissions and must find customer leads on their own in a competitive market.
It can be relatively easy to find jobs selling life insurance.
Selling life insurance involves selling people the different types of insurance that they need. This can include life insurance, as well as car, health, disability, and home insurance.
The challenges of selling life insurance include finding qualified customers, as the few leads that your company may give you have usually been contacted by dozens of agents already.