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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