re: Considering a career change...

quote:

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Looking at insurance mag website it says that the 90th percentile is an income of 130k. How is it everyone in here far surpasses that? Genuine question.

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2 reasons imo.

1. Avg lifespan of insurance agents are three years, so the scales are tipped.

2. The posters in this thread are executive level/agency owners/have yrs of experience.

I'm speculating, but the agents I knew wrote policies on 450k+ homes and families that usually had at least 2 $50k cars.

The agents that know more should obviously opine, they know better than my anecdotal information. But after months of dealing with trying to "enlist," it seems like there is a very heavy amount of puffery content on how much you can make, etc. The same thing exists in many industries; including IT, Information Security, Graduate Degrees, etc. Look at how much money you can make (no mention of the 4 million dollar loan to buy a book of business to maintain your current standard of living, etc.)

Agents from the same agency that sent my two buds to Europe for a month, with the family, also have agents in strip malls that will probably have their lights shut off within a few weeks. And then my friends will get allocated their policies. The two I know commission barrels of bourbon on PJs. The poor a-hole in the strip mall probably can't send his kids to Texas State. YMMV.

I'm very risk averse, admittedly.