I Asked 166 Life Insurance Agent How Much Money They ACTUALLY Make Per Month 

“Only $5,000” idk what money bracket y’all come from but that’s a blessing!!!! I literally have to work 15+ hours at day at 2 jobs (physical labor) + Overtime to even see barely 500 a week so I’ll take it :)

Agent here, with one of those 3 letter companies. In the last 10 days I made just over $5,000 (about $9200 ALP). You get out what you put in. On pace to make about $20K this month.

I'm already a few weeks in and did not research the reality of everything before doing so. I appreciate people like you who outline what we're going through when we are seeking the validation. Awesomely human of ya.

Shit Peter, I'd take 5,000 a month 😂 I'm at the most I have ever made right now at 16.50, around 2000 or so a month after taxes. I feel like a Rockstar at 2000 I imagine how'd happy I'd be at 5k lol

Thank you for sharing these information it really helps for people who want to be part of the community!

You're the absolute best !! Thank you for what your doing!!

5K that’s pretty much double what I make rn. Plus we not here to be average. I’d rather 5k on my own then 10k understand some one else. 5k a month sounds like a blessing to me, this video only solidified my decision to keep working hard. Personally I’m building two other businesses as well.

Thank you so much!! Will watch all your videos

Brother I’m just getting started in the industry. 22 years old and married. Thanks for the information that you pour out!! The realness of these videos are what separates you from the others.

Very informational!

So much value

One of the few honest people

100% agree with all your points. Every time I hear these recruiters talk about AP I have to roll my eyes. The ONLY thing that matters is net. Thanks Peter!

I think the biggest factor in what you'll make, is the company you sell for. This is my 3rd year in the insurance industry, I sell both P&C and life/health insurance. Make sure your company pairs you fairly, you would be shocked at the commission rate difference between companies. I have seen anywhere from 15% all the way up to 90% on FYC (first year commissions) on annual premium rate. Also brush up on your marketing skills, make your clients do your work for you with referrals! The closing ratio of referrals is so much higher than a client that you found on your own. The roof does not exist in this industry, sell as much as you can and live a good life!

Hey Peter, thank you for the content !Can you make a video about how much you’re currently making? For inspiration for us subscribers and viewers

Peter you are the G.O.A.T that has been sent to help people and change this industry. You have helped more people in the past few months than these greedy IMOs have done in the last 20 years!

BUT..that’s NOT consistent income. 99% cannot sustain their sales activity in the field for an extended period of time. MOST will burn out, making their IMO owner and the carriers RICH, while the salesman/woman are left standing holding the bag.

Thanks 💯

I would say this is pretty accurate. I've been in the life insurance business since 2015 . I don't have any overhead and don't pay for leads . Id say I am pretty average and work about 30 hrs /week. strictly personally producing right now . I have 90% retention and make about 5k a month . I've had a team before and was making considerably more money but was putting in considerably more hours. I also have seen people in my company that are more motivated than me make 20k+ a month. I don't have a spouse or kids so working remotely is perfect and lets me travel all over and I enjoy taking time off to explore . For someone that is willing to put in the time and effort , life insurance is a great long term career . Just make sure you look into leads , chargebacks , and residuals when you interview with a company and be prepared to put in work .

Just came across your content keep up the informative information! There is a bad taste in the industry with recruiters, digital content creators/ agents sales pitch is overall recruitment based instead of information based far as mastering the policies to sale.-Callaway

So thankful my state agent provides my leads for me

I'm solo, have been solo for about a decade. In 2022, I spent 9.5 to 10k in leadgen from multiple sources (if they sell leads, I've bought them), so right at 120k for the year. 833 policies sold, Gross revenue of 867,996.12. Retention ratio was right at 70%, so estimated net of 607,597.20...so after lead costs around 480k.

I’ll definitely take 3-5k take home. College student whose looking for a good trade to do, so I’m still making a good income and take care of myself. (Housing/bills)

I don’t miss a video no more 😅

As a restaurant general manager, after taxes I would take home $1500 every two weeks = $750/wk AND working 60+ hours a week... As a Health insurance agent, now a life insurance agent, I make $2000/wk ($8k+ per month) and I'm only working 40 hours a week. If you have grit, have the gift of gab, have good sales skills, you can make $100k your first year. Also, it's important to remember that if you're given residuals, every year after your first year you'll make more money year over year because you're clients premiums will pay you 5%-10% for as long as they're paying their premiums. Most people will go from 80k to 100k, 120k, 140k, 200k etc etc as long as they're putting in the same effort and consistently doing good business... if you're not good at getting out there and talking to new people (even going door to door), you won't like this industry.

Great and honest video! If you’re selling only term, burial, minimum funded UL, IUL, VUL, WL and not understanding how to create wealth with life insurance you’re not got to make a living selling life insurance. You need to know and understand why it is financially beneficial for a client to pump 10’s of thousands annually into a policy and HOW TO USE it for their financial benefit immediately not 15-20 years from now. AKA cash value is KING.

Hey Peter, I just found your channel. I am curious. What's your IMO/FMO? I am captive selling P&C over the phone for a carrier. I want to learn how to sell FE over the phone. My 1st year I made $62K 2nd year $65K This year prob $67K I am now your 167th agent on your list 😂 Good video.

This is kinda misleading because you talk about chargebacks & buying leads when there are many many companies that PROVIDE leads & BONUSES. These numbers you’re showing are only based off commission but you’re not showing the bonuses these agents are receiving from their companies

Peter on this data, you said it was profit. Does that mean it was after setting aside for tax? Thank you

Another thing too though is 10 11 12’s and residuals, the first year in business will always be the hardest, if you are writing business and getting ur 10’s etc on top of what u are already making, plus comp is a factor you get paid more with a higher comp, im not captive so our comps can go to 150% + if you get to that level that’s when you actually can start making good money at the end of the day it’s a business, it takes time to build a high ROI in any business and break even, with insurance after a year in business you start to see a different fluctuating cash flow. And to edit on the of that, most business make small % ROI, in this business you can make upwards of 50-60% ROI. Me and my team have PNL sheets we use to keep track and not fail. Any business should be. People must treat this as a business no business is a get rich fast. I believe some people may mistake this as not a real business when it in fact is. An avg agent who actually works should be writing 3-5k a week that’s usually pt agents. And that’s conservative, if you are writing 5k a week you should see about almost 4k (100% comp)a week and let’s say you spend 1200 on leads a week you keep 2800, in profit that’s around 10Grand a month avg. which would equal around 122k a year with profit and if u stick w the system. Then you start calculating your 10’s 11’s 12’s Plus renewals. It’s a very lucrative business. But if it was as easy as it sounds 92% wouldn’t fail. It’s sticking to the fundamentals

People dont know about pipe line and sales funnels. More than likely you can buy leads but also build your leads up with A.I.

Are you saying 5k a month cant feed your family? If so thats not true at all.

im 22 so im good, i dont have a family to feed. i just have cars to mod 😃

Training, training, training!

Hi Peter you could have included the negative ones too, which would have dropped the total and the average as well. Be curious to see what the difference is.

The problem is its 1099 right? Maybe you write off your pc, internet, rent but i imagine once youre making over 100k youre paying at least 20k in taxes right

Been there, done that will never go back to this industry. It takes a special kind of individual to be successful in this industry. Definitely not me.

What % of agents actually work full time though? In my group there are 14 but only 2 work 40 hours or more. Most work 10-25.

I was making a lot less than that when I was selling life insurance. I would spend between 200-300 per week just on gas for my car, plus extra maintenance costs. Some of the veteran agents I worked with were making about 50 k per year counting 25k in renewals.

did you allow captive agents on a salary pay or only self contracted brokers

What company do you recommend for getting licensed

Start at a company that will train you then transfer to entrepreneur or captive company. Nothing is impossible

as a person that doesn't sell insurance I can honestly say that my net income this year will be zero

Hey Peter, Great video! I'm thinking about getting into L&H insurance. I'm currently unemployed and 29 years old. I saw an ad that said $500-$3000 weekly so I applied and got the job but now I have to study to get my license. In your opinion, Should I invest all my time into this even though I have completely zero experience? I'm still on the fence about it because for one I'm not the most talkative person and I hear stories like this about people not making any money and other making over 6 figures. Kinda sounds like an MLM to me but that's just the sceptic in me.

Im.loving your videos. I'm getting trained by FFL now and I'm actually really impressed with my leaders, their support, and how they focus on being genuine, ethical, and caring. That said, I researched the company and what others are saying, so if this opportunity with FFL goes down, I've got you in my life of sight to carry on forward and succeed.

Certain companies offer leads and bonuses

Can anyone make a review of Sunlife Financial? I'm planning to join

yes that really makes people discourage from creating an income with life insurance omg.

The company that is helping me get licensed said i would get a guaranteed 55k a year and about 10% increase every year with renews, so 5k sound about the amount i should be making. Im exited to get started but a little nervous because i know its all about how you sell it

The insurance industry is lucrative, but success is not a given. It's more common for insurance agents to quit or fail in the industry than to succeed. Once you earn your license as an insurance agent, you immediately want to get out there and begin making money. Yet, statistics show though that many new agents don't make it very far. For instance, over 90% of new life insurance agents quit within year one. Many more depart within five years.

I’m trying to get on your level

What CRM YOU USING

Thats the average take out the top 20% and you get the real average

I’m pretty sure most people would be fine with 5k a month

Ma wife sold health insurance she made 18.00$ an hour so about 35k a year great benefits tho, and that didn’t include bonuses

The difference is being an agent and being a agency owner. The owner will likely make more than his or her agents easily.

What’s the compensation vs Street level?

How do you obtain a license? Do you go to school? Any info I’m in nc

I am licensed as of this month !!!! Fell in the darn loop whole of an MLM I am parting away from them and have not been trained what should be my next step how do I educate myself in order to start selling. I am a independent agent. Help

Who is your IMO?

(21m) I would much rather work 50 hours on a potentially scalable business for an average of 1250 a week as opposed to working 50 hours a week for 900 taxes dollars

Mind telling us what you are making? On average? I for sure feel like I’m struggling just barely breaking even.

Skip to 2:15 or play at 1.5 or both

I have my license and would love to get into this. Do you recommend a company to go with?

Sounds like a pyramid scam. Whenever I hear someone talking in circles and talking fast, I know the pyramid is coming. 9:15 to basically say on average 166 agents make about $5k a month.

Now Life insurance industry is one industry that mathematically pays you according to the input.

Break the code and youre on your way..

Translation: It's essentially an MLM

what is the struggle? if you sell insurance and you're on the phone from 9-6 like a job how can you not sell 2-3 policies each day?

If you could really make over 100k your first year, they wouldn't be advertising on every job site continuously.

I wanna do this but I am not sure I speak english well enough😢

Is the data for captive insurance agents or independent insurance agents?

You could have asked how many hours/week these people work. From my experience, there are too many tricks the hiring companies can pull on you to go into the insurance business. Plus, don't forget that you are self-employed, so you have to pay a tax for that too.

I like the industry but all the recruiting to build a team really feels like a pyramid scheme

5k is not impressive unfortunately. Better off working in tech sales or high ticket more merchant services sales None of chargebacks, non of the stress. But all of the income

I’m single with no kids. $4-5k to start is good for me, especially since I work from home. No wear & tear or gas for my truck. I don’t care go go out and party so I don’t spend money on drinks or food. I’m happy

Is selling life insurance halal ?

Could you talk a little faster?

Why do their incomes all end in x,000 thousand on the dot

I would be curious to see the median income of the people who are earning 5k or more per month. There is no reason to consider anything below that as being in business. Not being harsh, I have spend plenty of time "not in business".

“I can make more money at Walmart” - Said no one EVER 😭😭😭

This is the sad reality of a life insurance agent who doesn’t know his business

That's why many go captured. When I was with a salaried and commissioned company, I made a little over 60K/year with some OT so let's say I worked about 42 hours/week. I laugh when I see posts in these life insurance groups on FB and you'll see someone who's personal profile is that of an entrepreneur, agency owner and/or digital creator yet they're asking the group questions about how they can get free leads or I'll see them applying for a FB insurance ads for a job. The entire industry is made up of people who lie and recruit. lol #truth

Can I see your bank account? You better answer if you are honest, in another video you were one of the ones who claimed you made 10k but we never saw a yearly statement

😊😊😊😊😊😊😊😊😊😊😊😊😊

How do they make the money? 😅. A lot of numbers not explanation how they go about it 😂😂

Buddy is saying the same thing over n over

This is irrelevant, it’s never about what you do, it’s how well you do it! And most people’s work ethic is below average lol people say this same stuff about literally every job in every industry. The average person could increase their salary by $30k by simply revising their resume and negotiating their salary, but do you think they will do it???! Absolutely not because average minds never do the most. If you are a cashier at Walmart is that a pyramid scheme too?! Lol no matter what job you have, if you are not the CEO someone above you is hiring you and some people make more than you.

🤦🏻

I don’t trust your word on it, you can make all that up . Just cuz you got a spreadsheet doesn’t show real proof . Show real agents your talking about w their actual qualifications, work ethic , lead cost , contracts their signed with , imo , etc … theirs a lot your saying without any real proof .

😅😅😅😅😅😅😅😅😅😅😅😅

@Peter Roberts I've been struggling to stay afloat, my dad has cancer and it honestly has made me work 110% harder because without my Dad it falls to me to provide for my mother and sister. Problem is I fight and fight to make this work but I seem to only be treading water. I am with Family First Life and Equity Financial and honestly I only have sold about 10 policies this month with one of those being a chargeback. I honestly have had to setup a seperate savings account and don't touch my income for 9 months because I never know what is going to be chargedback.

they all start off with I have nothing to sell you, then boom lets do a conference call to sell you something

Sounds like a pyramid scheme…