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Started By
Message
re: How much do insurance agents make?
Posted on 7/15/15 at 3:54 pm to LNCHBOX
Posted on 7/15/15 at 3:54 pm to LNCHBOX
quote:
My wife grandfather owns an agency. One of his sons works at said agency under him. He is an agent.
is your wife's grandfather appointed by said insurance co or is the son?
The son works for the agent, therfor he's a producer.
1
Posted on 7/15/15 at 3:54 pm to Chad504boy
Not exactly true. I retired at 40 yrs old and never had more than 2 (usually just one) licensed agents working for me.
Posted on 7/15/15 at 3:55 pm to tgrbaitn08
quote:
The son works for the agent, therfor he's a producer.
He's a fricking agent
Posted on 7/15/15 at 3:55 pm to lsucoonass
quote:
Agh yes plant operators making that 100k plus a year and working 70 hrs a week.
If the operator is working 70 hours a week, he's pulling in waaaaaaaayyyyyyy over 100K. Normal schedule here is 48 hrs one week, 36 the next and they make almost 90K with no overtime.
Posted on 7/15/15 at 3:56 pm to Chad504boy
quote:
all day long, an insurance producer is an insurance agent.
I dont agree with that....if
An insurance agent is an individual appointed to represent a particular insurance company.
An insurance producer is a general term applied to anyone who engages in the sale of insurance products.
Posted on 7/15/15 at 3:56 pm to double d
quote:
If the operator is working 70 hours a week, he's pulling in waaaaaaaayyyyyyy over 100K. Normal schedule here is 48 hrs one week, 36 the next and they make almost 90K with no overtime.
Can't believe it took one of you operators this long to get in the thread.
Posted on 7/15/15 at 3:56 pm to Boca Tigre
quote:
I retired at 40 yrs old and never had more than 2 (usually just one) licensed agents working for me.
independent or allstate type gig?
Posted on 7/15/15 at 3:58 pm to LNCHBOX
quote:
He's a fricking agent
He's a producer that happens to be an agent
Hows that?
Posted on 7/15/15 at 3:58 pm to Chad504boy
This is 100% not accurate people.
Posted on 7/15/15 at 3:58 pm to LNCHBOX
quote:
Can't believe it took one of you operators this long to get in the thread.
Not an operator hoss. Haven't been inside the gates in years.
Posted on 7/15/15 at 3:58 pm to tgrbaitn08
quote:
Hows that?
Retarded
Posted on 7/15/15 at 3:59 pm to LNCHBOX
quote:
Retarded
welcome to the OT
Posted on 7/15/15 at 4:00 pm to Phil A Sheo
yall are arguing a moot point
there are owners and producers who work at an agency, among other employees (CSRs, assistants, bookkeeper, etc)
a producer can also be known as an agent. he can also be known as an account executive or account manager.
so can a CSR. it varies agency to agency.
to answer the OP. being a producer/agent can be very lucrative, however the failure rate is extremely high because you are selling an inanimate object to a customer base that mostly hates dealing with it or isn't educated on it. can make it very difficult.
also most agencies as a business don't make HUGE profits from the initial selling of insurance, it's mostly on the back end from profit sharing, etc.
JMO
eta: however the interesting thing about the industry is it can be tailored around your interest. you like offshore stuff, then call on offshore people. you like horses, then call horse places. etc etc. it doesn't have to be boring, in fact it can be very much the opposite.
there are owners and producers who work at an agency, among other employees (CSRs, assistants, bookkeeper, etc)
a producer can also be known as an agent. he can also be known as an account executive or account manager.
so can a CSR. it varies agency to agency.
to answer the OP. being a producer/agent can be very lucrative, however the failure rate is extremely high because you are selling an inanimate object to a customer base that mostly hates dealing with it or isn't educated on it. can make it very difficult.
also most agencies as a business don't make HUGE profits from the initial selling of insurance, it's mostly on the back end from profit sharing, etc.
JMO
eta: however the interesting thing about the industry is it can be tailored around your interest. you like offshore stuff, then call on offshore people. you like horses, then call horse places. etc etc. it doesn't have to be boring, in fact it can be very much the opposite.
This post was edited on 7/15/15 at 4:03 pm
Posted on 7/15/15 at 4:02 pm to King of New Orleans
The one that I know IRL makes a base salary of $95K, with an end of year bonus at $40k. 15 yrs experience.
Posted on 7/15/15 at 4:03 pm to King of New Orleans
Agency owners make as much as doctors without the student loans. Agency licensed staff make $40k to $100k plus. It really depends on the market and average premiums.
Posted on 7/15/15 at 4:03 pm to Boca Tigre
quote:
Agency owners make as much as doctors without the student loans.
FML
Posted on 7/15/15 at 4:03 pm to donRANDOMnumbers
quote:
yall are arguing a moot point
Posted on 7/15/15 at 4:05 pm to Chad504boy
Captive agent (Allstate type gig)
Posted on 7/15/15 at 4:05 pm to donRANDOMnumbers
Am I arguing with someone??
Posted on 7/15/15 at 4:05 pm to Boca Tigre
quote:
Captive agent (Allstate type gig)
i have an independent type mind frame.
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