Considering getting my license to sell health and life insurance.

[Anomalism]

This is a very high turnover market with a ton of earning potential. There are agents right now making 500k to millions of dollars annually. I may just be arrogant, but I consider myself somewhat ahead of the curve when it comes to general comprehension of ideas and my ability to communicate with people. I've had several insurance companies, car lots and other sales groups try to hire me in the past when I applied just out of curiosity. Everybody I've talked to seems to think I'd be amazing at sales, but maybe they say that to everybody.

I love law enforcement type work, but the income cap is something I'm just not willing to settle for long term. Have any of you worked this or other commission sales jobs? Can you give me any insight or advice?

 

[debbiedowner]

What state?

Go here and go to senior sub forum, health and ancillary then scroll down to healthcare obamacare/ACA and look around and ask questions.

Insurance Forums

Largest Insurance Forum on the net - discussion and advice on all insurance products, for agents and consumers

www.insurance-forums.com

It takes years to build up and many making the money you quoted are general agents with agents under them or Field Marketing Organizations (FMO's) with hundreds or thousands of agents under them.

If you're serious after you get licensed study fixed annuities and how to do seminar's for old people.

 

[Anomalism]

What state?

Go here and go to senior sub forum, health and ancillary then scroll down to healthcare obamacare/ACA and look around and ask questions.

Insurance Forums

Largest Insurance Forum on the net - discussion and advice on all insurance products, for agents and consumers

www.insurance-forums.com

It takes years to build up and many making the money you quoted are general agents with agents under them or Field Marketing Organizations (FMO's) with hundreds or thousands of agents under them.

If you're serious after you get licensed study fixed annuities and how to do seminar's for old people.

I'm in Florida. Thanks for the link; I'll check it out. Skilled earners can easily break 100k in their first year from what I understand, and residual income from client contracts helps build more income year by year. Many of these insurance groups say their high earners can reach that 500k mark inside 4 or 5 years.

 

[MarathonMike]

This is a very high turnover market with a ton of earning potential. There are agents right now making 500k to millions of dollars annually. I may just be arrogant, but I consider myself somewhat ahead of the curve when it comes to general comprehension of ideas and my ability to communicate with people. I've had several insurance companies, car lots and other sales groups try to hire me in the past when I applied just out of curiosity. Everybody I've talked to seems to think I'd be amazing at sales, but maybe they say that to everybody.

I love law enforcement type work, but the income cap is something I'm just not willing to settle for long term. Have any of you worked this or other commission sales jobs? Can you give me any insight or advice?

If you have the right personality for sales, it could be lucrative. I worked a variety of labor jobs before my long career in engineering. I never worked sales, just not for me.

 

[debbiedowner]

I'm in Florida. Thanks for the link; I'll check it out. Skilled earners can easily break 100k in their first year from what I understand, and residual income from client contracts helps build more income year by year. Many of these insurance groups say their high earners can reach that 500k mark inside 4 or 5 years.

Look around at that site. ACA and some Medicare plans have a few rule changes.
Oh, lots of agents in Florida on the site. The reason to look around and ask questions you will find once you get licensed who not to get appointed with in Florida to sell insurance. There are many you have to be careful of in this state.


I'm in Florida too. I think it's still 60 hours to get your 215 license. When I got mine it was only 40 a long time ago.

As a new agent you should probably go with a reputable FMO that will train you and sells in Florida. Some of them are located in state and some out of state.

 

[Anomalism]

Look around at that site. ACA and some Medicare plans have a few rule changes.
Oh, lots of agents in Florida on the site. The reason to look around and ask questions you will find once you get licensed who not to get appointed with in Florida to sell insurance. There are many you have to be careful of in this state.


I'm in Florida too. I think it's still 60 hours to get your 215 license. When I got mine it was only 40 a long time ago.

It's 60, and plenty of insurance groups will sponsor you to get it at a discounted price.

 

[debbiedowner]

It's 60, and plenty of insurance groups will sponsor you to get it at a discounted price.

I don't know if certain companies still offer flash cards but if they do invest in them. Hell, before you even start learn the difference between variable annuties and fixed. They will be in the life part of the lessons. With just a 215 license you cannot sell variable but they still include in the learning.

 

[initforme]

Insurance is a scam in a way. If one submits no claim ever ones rates increase.

 

[Anomalism]

I am officially a licensed insurance agent.

 

[debbiedowner]

I am officially a licensed insurance agent.

Congrats and good luck.

 

[initforme]

There is a ton of $ in it. Go get it.

 

[debbiedowner]

There is a ton of $ in it. Go get it.

Depends on what line of insurance he concentrates on.

 

[frigidweirdo]

This is a very high turnover market with a ton of earning potential. There are agents right now making 500k to millions of dollars annually. I may just be arrogant, but I consider myself somewhat ahead of the curve when it comes to general comprehension of ideas and my ability to communicate with people. I've had several insurance companies, car lots and other sales groups try to hire me in the past when I applied just out of curiosity. Everybody I've talked to seems to think I'd be amazing at sales, but maybe they say that to everybody.

I love law enforcement type work, but the income cap is something I'm just not willing to settle for long term. Have any of you worked this or other commission sales jobs? Can you give me any insight or advice?

Become a leech, take money from people who can't afford it and put it in your own pocket.

 

[Anomalism]

Become a leech, take money from people who can't afford it and put it in your own pocket.

You say that, yet most responsible people want insurance.

 

[frigidweirdo]

You say that, yet most responsible people want insurance.

Do you think people would prefer to pay 15% of all their healthcare on someone who does absolutely nothing for them, except maybe stand in their way of getting healthcare, or on actual healthcare?

 

[Anomalism]

Do you think people would prefer to pay 15% of all their healthcare on someone who does absolutely nothing for them, except maybe stand in their way of getting healthcare, or on actual healthcare?

Your argument assumes insurance is just some parasitic middleman. That ignores why it exists in the first place. If everyone just paid directly for care, most people would be bankrupt after one major medical event. Insurance isn’t supposed to maximize every dollar spent on care. It’s supposed to spread catastrophic risk so one person doesn’t get crushed.

The idea that agents do nothing isn’t reality. Most people don’t understand deductibles, networks, or how to avoid paying for coverage that doesn’t actually help them. Agents guide people through that mess and often save them money or prevent costly mistakes.

Blaming insurance or the people who help people get insured is shooting the messenger. Without risk pooling, the costs wouldn’t magically shrink; they’d just hit people even harder, all at once.

 

[frigidweirdo]

Your argument assumes insurance is just some parasitic middleman. That ignores why it exists in the first place. If everyone just paid directly for care, most people would be bankrupt after one major medical event. Insurance isn’t supposed to maximize every dollar spent on care. It’s supposed to spread catastrophic risk so one person doesn’t get crushed.

The idea that agents do nothing isn’t reality. Most people don’t understand deductibles, networks, or how to avoid paying for coverage that doesn’t actually help them. Agents guide people through that mess and often save them money or prevent costly mistakes.

Blaming insurance or the people who help people get insured is shooting the messenger. Without risk pooling, the costs wouldn’t magically shrink; they’d just hit people even harder, all at once.

It is a parasitic middleman.

In the UK they don't have it. They don't need it.

Agents direct people through a system that is totally unnecessary.

 

[Anomalism]

It is a parasitic middleman.

In the UK they don't have it. They don't need it.

Agents direct people through a system that is totally unnecessary.

The UK doesn’t eliminate the middleman. It just makes the government the middleman. Someone still has to ration resources, decide what’s covered, and set the rules. The difference is who plays that role.

Agents are not the ones who built the healthcare system we’ve got. Blaming agents for the system is like blaming a guide because the mountain is steep.

 

[frigidweirdo]

The UK doesn’t eliminate the middleman. It just makes the government the middleman. Someone still has to ration resources, decide what’s covered, and set the rules. The difference is who plays that role.

Agents are not the ones who built the healthcare system we’ve got. Blaming agents for the system is like blaming a guide because the mountain is steep.

Well, seeing how the NHS cost a lot, LOT less than US healthcare (like the NHS costs less per person than the US federal govt is paying for healthcare, which is about 50% of US healthcare spending).

https://www.kingsfund.org.uk/insight-and-analysis/data-and-charts/nhs-budget-nutshell

In 2023/24 the NHS spent £195.7 billion. Which is $264.19 billion. (right now).

That's about $4,000 per person.

How has U.S. spending on healthcare changed over time? - Peterson-KFF Health System Tracker

This chart collection explores National Health Expenditure (NHE) data from the Centers for Medicare and Medicaid Services (CMS).

www.healthsystemtracker.org

In the US it's $4.870 billion in 2023. That's $14,000 per person.

That middle man is screwing you over, they're letting hospital spend whatever they want, charge you ridiculous prices "because you ain't pay it directly, so it don't matter", but it does. You end up paying it. Pharma companies screw you, everyone's screwing you because people don't realize it shouldn't be like this.

Healthcare funding has increased FOUR TIMES since the year 2000. All because the middleman has no breaks.

 

[Anomalism]

Well, seeing how the NHS cost a lot, LOT less than US healthcare (like the NHS costs less per person than the US federal govt is paying for healthcare, which is about 50% of US healthcare spending).

https://www.kingsfund.org.uk/insight-and-analysis/data-and-charts/nhs-budget-nutshell

In 2023/24 the NHS spent £195.7 billion. Which is $264.19 billion. (right now).

That's about $4,000 per person.

How has U.S. spending on healthcare changed over time? - Peterson-KFF Health System Tracker

This chart collection explores National Health Expenditure (NHE) data from the Centers for Medicare and Medicaid Services (CMS).

www.healthsystemtracker.org

In the US it's $4.870 billion in 2023. That's $14,000 per person.

That middle man is screwing you over, they're letting hospital spend whatever they want, charge you ridiculous prices "because you ain't pay it directly, so it don't matter", but it does. You end up paying it. Pharma companies screw you, everyone's screwing you because people don't realize it shouldn't be like this.

Healthcare funding has increased FOUR TIMES since the year 2000. All because the middleman has no breaks.

You are still missing the point. Agents didn't create the healthcare system. They serve a purpose inside the system that exists.