Life Insurance Salesman Salary

While ziprecruiter is seeing annual salaries as high as 174 000 and as low as 20 000 the majority of life insurance agent salaries currently range between 50 000 25th percentile to 99 500 75th percentile across the united states. Visit payscale to research insurance sales agent salaries by city experience skill employer and more. Life insurance agent salaries by state.

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Salary ranges can vary widely depending on many important factors including education certifications additional skills the number of years you have spent in your profession.

Life insurance salesman salary - The average salary for a entry level insurance agent is 51 418 per year in united states. The typical first year commission for an auto insurance policy is 10 to 15 of the premium. The burnout rate for life insurance sales agents is high.

New york is the highest paying state for life insurance agent jobs. The national average salary for a life insurance sales is 53 012 in united states. When you try and find out the average salary of a life insurance agent because of the factors above it is very hard to say.

According to the bureau of labor statistics the median pay for an insurance sales agent is 50 560 per year or 24 33 per hour as of the latest data from 2018. As we mentioned earlier we took the average annual salary data for insurance agents from the 2018 bureau of labor statistics specifically their occupational employment statistics to make the comparison of salaries apples to apples across states we also took into account the cost of living in each state. Salary estimates are based on 12 salaries submitted anonymously to glassdoor by life insurance sales employees.

What is the average annual salary for a life insurance agent job by state. Filter by location to see life insurance sales salaries in your area. As of aug 13 2020 the average annual pay for a life insurance agent in the united states is 79 730 a year.

The average insurance agent salary in the united states is 51 151 as of july 27 2020 but the range typically falls between 46 716 and 57 701. Learn about salaries benefits salary satisfaction and where you could earn the most. North carolina is the lowest paying state for life i.

The rate increases to greater than 95 when extended to five years. The average salary for an insurance sales agent is 38 511. By far life insurance sales offer the largest commissions in the insurance industry.

More than 90 of new agents quit the business within the first year. See how much a life insurance agent job pays hourly by state.