Is it difficult to sell insurance?

On the bright side, selling life insurance offers a few benefits difficult to find in other careers. First, life insurance sales jobs are abundant and easy to find. However, even when you locate a good prospect, the product itself is hard to sell. People are loath to discuss or even acknowledge their own mortality.

What are the challenges of being an insurance agent?

4 Common Challenges Facing Insurance Agents

• The Pressure to Produce.
• Not Enough “Luxury” Coverage Demand.
• Being Cut Out of the Process.
• Overcoming Negative Stereotypes.
• Insurance Pre-Licensing Courses.

What insurance job pays the most?

5 Highest Paid Insurance Careers

• 1.) Actuary — $161,759.
• 2.) Insurance Claims Adjusters — $114,976.
• 3.) Insurance Underwriter — $108,957.
• 4.) Risk Analyst — $104,421.
• 5.) Financial Analyst — $103,204.

Do insurance agents make good money?

According to the U.S. Bureau of Labor Statistics, an insurance agent makes an average of $50,600 per year as of 2018. The position’s pay can vary drastically, with the lowest 10\% earning less than $27,500, and the highest 10\% earning more than $125,610.

Do insurance sales pay well?

According to that data from the Bureau of Labor Statistics: The median annual wage for insurance agents was $48,150. The highest paid 10\% of insurance agents earned more than $116,940 annually. The lowest paid 10\% of insurance agents earned less than $26,120 annually.

Is working in insurance stressful?

The most stressful jobs by profession Those employed in the legal profession reported the greatest amount of stress, according to the survey. Jobs in insurance ranked as the second most stressful. IT professionals reported the lowest stress levels.

How hard is a career selling life insurance?

Selling insurance can be a lucrative proposition, with relatively high-paying commissions and a high degree of autonomy with flexible work hours. However, it is not an easy job . You can expect a high rate of customer rejection, stress, and attrition rate.

Why should I sell life insurance?

Individuals or entities (such as companies or trusts) sell life insurance policies for cash for a variety of reasons. For starters, selling a life insurance policy for cash eliminates the monthly premiums. The seller also receives compensation for an unneeded asset. Policyholders have many private reasons as well.

What happens when you sell your life insurance policy?

As the policy owner, you sell your life insurance policy to an individual or a life settlement company in exchange for cash. The new owner will keep the policy in force (by paying the premiums) and reap a return on the investment by receiving the death benefit when you die.

Is life insurance agent a good career?

So yes, life insurance sales is potentially a good career if you have sales experience. It is also potentially a good career if you have experience in some other facet of the insurance industry. If you don’t have either of those things, you will probably not find success in life insurance sales.