Top Producers

[eza4short]

If anyone could let me know what top producers are making in the following industries I would like to know..

Annuity
Life (whole and Permanent)
Health ..

also how long you been in the Business for also not looking for exact figures just a ruff estimate i.e low six figure hi six figure or let me know if you know people who is making this type of income

 

[Death Cab For Tootie]

I've heard the top life producer writes about $200 million of premium per year. At 10-15% commissions, you can figure out how much they make per year. They write huge COLI and BOLI cases that are funded with permanent life insurance. I have no clue about the top health agent.

 

[dgoldenz]

I've heard the top life producer writes about $200 million of premium per year. At 10-15% commissions, you can figure out how much they make per year. They write huge COLI and BOLI cases that are funded with permanent life insurance. I have no clue about the top health agent.

Why do those cases only pay 10-15%? Shouldn't they pay the same rate as other life policies?

 

[David C]

No disrespect meant toward the original poster, but I've never really grasped why people ask this type of question.

Can you make BIG money selling any of those? Yes.
Can you starve to death selling those products? Yes.

Can you make BIG money in 2-5 years? Absolutely.
Can you STILL be starving after 5 years? Yes.

 

[insuranceexec]

Why do those cases only pay 10-15%? Shouldn't they pay the same rate as other life policies?

The majority of executive UL policies pay a levelized commission over say a 5 or 7 year period (AXA & North American)

Some have an over inflated target premium and only pay in the neighborhood of 15-25% (EX. ING & SunLife). I have not seen one that pays only 10, but I am sure that they exist.

200 Million for a single producer! The most I have seen from a single producer is in the 10-12 million range.

 

[eza4short]

NO disrespect taken as a new agent sometimes it seems that there in no light at end of the tunnel may be that is why 90% of agent quit/fail. But me being new and competitive I wanted to see if it was possible to make a high 6 figure income . That is why the questioned was ask.

 

[scagnt83]

The majority of executive UL policies pay a levelized commission over say a 5 or 7 year period (AXA & North American)

Some have an over inflated target premium and only pay in the neighborhood of 15-25% (EX. ING & SunLife). I have not seen one that pays only 10, but I am sure that they exist.

200 Million for a single producer! The most I have seen from a single producer is in the 10-12 million range.

On the BOLI level there are one or two guys pulling in 100 mill+ ..... from what I hear...; they are the ones working with the big national banks who have billions in deposits.

 

[insuranceexec]

On the BOLI level there are one or two guys pulling in 100 mill+ ..... from what I hear...; they are the ones working with the big national banks who have billions in deposits.

I am sure that is the case, and I am not disputing it. I was referring to individuals that I personally work with.

It is all about finding your niche, and perfecting your trade. The irony is that if it is done correctly; you should never perfect your trade.....

 

[scagnt83]

It is all about finding your niche, and perfecting your trade. The irony is that if it is done correctly; you should never perfect your trade.....

lol, good point...


Back to the original question, if you work smart and hard in this industry you can make $100k+ easily.
The TOP guys no matter what product they sell make in the millions.
Big producers are in the hundreds of thousands
Average producers are 40k-100k
And the rest dont make it past a year or two.

 

[BNTRS]

Why do those cases only pay 10-15%? Shouldn't they pay the same rate as other life policies?

This seems about in range to a tad on the low side for a high early cash value COLI or BOLI style products. In short no, a lot of the products designed for COLI, BOLI, NQDC, etc. will not pay the same amount as traditional individual life products. Insurance companies often have chargeback schedules that last more than just the first year as well.