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The average salary for an Entry Level Insurance Agent is $47,216 per year in Alberta, which meets the national average.
An agent selling one or two policies per week at this commission level could make $50,000 to $100,000 in their first year as an agent.
According to that data from the Bureau of Labor Statistics: The median annual wage for insurance agents was $48,150. The highest paid 10% of insurance agents earned more than $116,940 annually. The lowest paid 10% of insurance agents earned less than $26,120 annually.
Over the years, as you build your client base, get experience, and market yourself, you can expect to make more money. PayScale reported that an independent insurance agent's salary ranged from $24,658 to $62,629 (including bonuses and commissions) in April 2018.
Meet the world's highest earning insurance agent. Gideon du Presses failed in the 10th standard and never went to college. He is today the highest earning insurance agent in the world, with annual commissions amounting to Rs 7 crore (Rs 70 million) plus.
The median annual wage for insurance agents was $48,150. The highest paid 10% of insurance agents earned more than $116,940 annually. The lowest paid 10% of insurance agents earned less than $26,120 annually.
Due to the low barriers of entry, insurance sales is a good career choice for people who are transitioning into a new career following a major life change. It only takes a few weeks or months to study for the state licensing exam, pass the exam, and start selling insurance.
Find out what is the average Entry Level Accounting salary Entry level positions start at $24,180 per year while most experienced workers make up to $39,870 per year.
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