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.
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.
@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.
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.
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
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
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
😂😂😂😂 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
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…
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
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.
@@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 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.
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 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
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?
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! 🔥
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?
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.
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.
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
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
