Hi I am wondering how long it would take to get established in the life insurance field just starting out. I am 28 working as a case manager for a government agency. Im currently making 91,000 and expecting another increase next January. Would I be able to replicate the same earnings in my first year? What is everyones thoughts?

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Hi,

If you are going straight sales with no renewals or natural market, NO, you won’t make the same amount.

That said, if you have established clients or willing to set up a prospecting system that automatically will generate 7-10 openings a week, yes, you can make more.

It take 4-5 years to establish your own practice and to jump from a salary, you should have 12 months of working capital in reserve.

It’s scary and fun all in one. I did it in 2006 with a benefits practice and would say that this career now gives me more flexibility that working for someone else. At the same time, I have all the headaches as well as staff.

Best of luck.

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Depends if you work for a brokerage or captive agency, starting comp, lead quality, and management and training quality.

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Can you do it with a captive agency?

It really depends on how your contracts are structured! What is the percentage that your going to be paid?

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Hi fishes,
I'm 22 and planning to take a life insurance. I'm comparing all policies and max life seems attractive as it has good claim settlement ratio and less premiums. But there is no office near our area. My worry is that if there is a need to claim in future, it can be done all online by my nominee? Is it recommended to take policy online in any platform(like policybazaar)?
Other options I'm considering are SBI life, HDFC life which offices are available in my locality.
Please guide

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