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What Type Of Income Can You Make Selling Commercial Group Insurance? |
I am considering a career change into commercial insurance sales. I am wondering what the job is like and how well it pays.
By commercial the company sales insurance companies buy to cover their assets. They also sell group health, but that is only one area they work. They have about 10 types of coverage they offer, and the group health for employees is only one of those. Sounds like a slightly better situation. Anyone familiar with this bigger picture?
| Answer: It pays commission - so if you don't sell, you don't make anything. New agents, well, 95% wash out. They can't make $1,000 over six months. The other 5%, they probably average about $50,000 the first year. But it's HARD work, and lots of hours. |