Advantages of Life Insurance Life Insurance enjoys favorable tax treatment unlike any other financial instrument. Death benefits are generally income-tax-free to the beneficiary. Death benefits may be estate-tax free if the policy is owned properly.
Insurance Sales Agents. Employment of insurance sales agents is projected to grow 10 percent from 2016 to 2026, faster than the average for all occupations. Because the profitability of insurance companies depends on a steady stream of new customers, the demand for insurance sales agents is expected to continue.
, InsuranceInsurance Sales Agent Work Schedules Some sales agents meet with clients during business hours and then spend evenings doing paperwork and preparing presentations to prospective clients. Most agents work full time, and about 1 in 5 work more than 40 hours per week.
, InsuranceThe average salary for an Entry Level Insurance Agent is $238,251 per year in the United States. Salary estimates are based on 1,042 salaries submitted anonymously to Indeed by Entry Level Insurance Agent employees, users, and collected from past and present job advertisements on Indeed in the past 36 months.
, InsuranceIn many cases, agents can qualify for jobs with only a high school diploma, but some employers prefer a college degree. ... While there is no one degree that is required for insurance sales agents, most states require agents to complete a pre-licensing training course.
, InsuranceInsurance agents make their living off of commissions, but may also get paid a salary to help the agent as they build their book of business. Captive agents generally receive an initial commission of somewhere between 5% and 10% of the value of home and auto policies that they sell.
, InsuranceAverage Salary For Insurance Agents According to the Bureau of Labor Statistics, the median pay for an "insurance sales agent" is $49,990 per year or $24.03 per hour as of the latest data from 2016.
, InsuranceHow do insurance agents earn money? In Singapore, most agents do not receive a fixed salary and all their income comes from sales commissions. ... In general, a life insurance plan will earn the agent up to 50% of the annual premium in the first year.
, InsuranceState Farm Insurance Agent Salaries. The typical State Farm Insurance Agent salary is $36,891.
, InsuranceThe typical State Farm Agent salary is $51,588. Agent salaries at State Farm can range from $108 - $183,113. ... When factoring in bonuses and additional compensation, a insurance Agent at State Farm can expect to make an average total pay of $54,281 .
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