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how much do insurance producers make year 1

by Demond Gottlieb Published 1 year ago Updated 8 months ago
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How much does an Insurance Producer in United States make?

The national average salary for an Insurance Producer is $39,507 per year in United States. Filter by location to see an Insurance Producer salarie...

What is the highest salary for an Insurance Producer in United States?

The highest salary for an Insurance Producer in United States is $65,391 per year.

What is the lowest salary for an Insurance Producer in United States?

The lowest salary for an Insurance Producer in United States is $23,869 per year.

What is the an Insurance Producer career path and salary trajectory?

If you are thinking of becoming an Insurance Producer or planning the next step in your career, find details about the role, the career path and sa...

How much does an Insurance Producer make?

The average annual pay for an Insurance Producer in Boydton is $39,491 an year. Just in case you need a simple salary calculator, that works out to...

What are Top 10 Highest Paying Cities for Insurance Producer Jobs?

San Mateo, CA($47,969)Berkeley, CA($46,291)Daly City, CA($46,162)Richmond, CA($45,059)Irvine, CA($44,785)Odessa, TX($44,086)Stamford, CT($43,875)Or...

What are Top 5 Best Paying Related Insurance Producer Jobs in the U.S.?

Insurance Agencies($120,787)Executive Producer($107,782)Employee Benefits Producer($104,750)Insurance Brokers($98,079)Senior Producer($94,953)

How much should you negotiate?

See how your offer stacks up to other pay packages and negotiate confidently.

Recent Salary Reports

Below are the most recent insurance producer salary reports. Employer name has been removed to protect anonymity.

What does an Insurance Producer do?

Support policy holders by responding to inquiries regarding insurance availability, eligibility, coverages, policy changes, transfers, claim submissions and billing clarification.

Insurance Producer Salary by City

Click to see the salary for Insurance Producer in these major U.S. cities.

Estimate Salary for Insurance Producer online for free

Salary.com Estimate Salary Tool provides free, accurate and real-time salary for thousands of careers. Please enter the following pay factors for Insurance Producer, to get a real-time salary target. If you want to get more detailed salary information, please view Professional Salary Report

Comments about Insurance Producer

What's the difference between Insurance Sales Producer and Insurance Producer?

How much does an Insurance Producer make?

As of Aug 22, 2021, the average annual pay for an Insurance Producer in the United States is $39,491 a year.

What are Top 10 Highest Paying Cities for Insurance Producer Jobs

We’ve identified 10 cities where the typical salary for an Insurance Producer job is above the national average. Topping the list is San Mateo, CA, with Berkeley, CA and Daly City, CA close behind in the second and third positions.

What are Top 5 Best Paying Related Insurance Producer Jobs in the U.S

We found at least five jobs related to the Insurance Producer job category that pay more per year than a typical Insurance Producer salary. Top examples of these roles include: Insurance Agencies, Executive Producer, and Employee Benefits Producer.

Top searched states for Insurance Producer Salaries

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How much should you negotiate?

See how your offer stacks up to other pay packages and negotiate confidently.

Recent Salary Reports

Below are the most recent licensed insurance producer salary reports. Employer name has been removed to protect anonymity.

We have a great APPX sales training program your agency can check out if you need more assistance!

As a dynamic public speaker and consultant I have spent the last decade focusing on how small business owners can capitalize on opportunities within their reach. With over 5 years experience in the local insurance agent sector I can bring training, marketing and technology to your agency that helps you effective and efficiently grow your agency.

About Kelly Donahue-Piro

As a dynamic public speaker and consultant I have spent the last decade focusing on how small business owners can capitalize on opportunities within their reach. With over 5 years experience in the local insurance agent sector I can bring training, marketing and technology to your agency that helps you effective and efficiently grow your agency.

Does life insurance pay commission?

Some life insurance companies may pay as much as the entire first year’s premium as a commission, and then not offer renewal money. The combinations of new and renewal commission for life and health insurance can vary greatly depending on the company.

How long does it take to build a book of business?

Of course, building a sizable book of business can take anywhere from 2-5 years ( or much longer) depending on how hard you pound the pavement. It’s a marathon, not a sprint.

Who is Joel Ohman?

Content Writer & Entrepreneur. Joel Ohman is the CEO of a private equity-backed digital media company . He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses.

Start Selling Annuities

There's no shying away from annuities when we're talking about high-volume, high-income agents. When I look at the top 3 producers for all of New Horizons, myself included, we all sell a lot of annuities.

Cross-Selling

While annuities are definitely important, not all $1 million producers sell them.

Hiring Help

From my experience, you can handle up to 250 clients on your own. Some agents can handle more, but from my experience, that's the limit if you want to really service that book of business without ripping your hair out.

Use a CRM

I don't think I could manage my book of business without a CRM. According to our 2021 Agent Survey, most other high-volume producers feel the same way.

Be Patient

Yes, I suppose I fall into the category of a $1 million producer. But it didn't happen overnight. When I first started over a decade ago, I had 40-50 clients and was knocking on doors. Plus, the only products I sold were Medicare Supplements.

Conclusion

For you, maybe the $1 million mark isn’t really what you want. Maybe it’s $80,000. Maybe it’s $500,000.

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