Insurance service is one of the biggest businesses in the world. Just imagine United Health Group Incorporated a health insurance company based in the US has a net worth of 158.8 billion dollars according to Forbes.
So, as you can see, there is a lot of money that can be made in the insurance sector. Now we are not going to put some emphasis on insurance companies but rather the perks of being an online insurance agent from home. Now being an online agent has its pros in which are:
- Getting monthly salary wages
- Getting commissions per customers you bring
- Having a large pool of customers online compared to being an office desk insurance agent
- The perks of working anywhere without the limitation of space mobility
- Getting commissions on the premium services the customer signs up for
- Having the ability to work with different insurance companies without being confined to a single company.
According to a lot of sources, being an insurance agent from home is the second most payable market and selling job in the world.
An average insurance agent can bank an estimated check of 49,000 USD per annum when confined into a single company but there have been people who claim that they have earned 400 thousand U.S dollars a year.
Thus whenever you want to become an insurance agent from home it is best you go for the option that brings a lot of credit on your side.
So it’s important to know which type of insurance will bank you the biggest fattest check at the same time make your pockets dipper with commission money.
Types Of Insurances
Thus the following are the types of insurances that will bank and commission you big checks.
1# Health Insurance Agent From Home
Health insurance is the most profitable business in the world. As you can see even the biggest insurance company in the world (United Health Group Incorporated estimated to be worth 158.8 billion dollars) is a health insurance company from the United States of America.
Thus health insurance is profitable since people can’t avoid it. As an agent, the best way you can profit through health insurance is by selling their premium services.
The commission you get paid per customer is very low when it comes to health insurance so by selling their premium services you’ll be able to not only stock up deep pockets but also gain a large pool of a customer base.
And one of the most effective and easy ways of doing this is by selling it into groups thus making your work less tiresome and obtaining huge commissions.
2# Vehicle And Motor Car Insurance Agents From Home
This is the second most profitable insurance business in the world were as an insurance agent you can bank a big fat check.
Cars and motor vehicles aren’t for everybody but its market is substantially huge. Thus just like health insurance, the commissions range from 5 percent to 10 percent depending on the insurance company. This means that an agent will be required to have a large pool of customers so as to earn much.
The only difference between this and the life of insurance is its pool of customers and that in Health insurance you can earn money by rounding up a group of people while in the motor vehicle business you need to deal with a single customer at a time.
3# Life Insurance Agents From Home
Life insurance policies bank a lot of money on an insurance agent. In his first year, the agent can bank up to 90 percent of the premium from a single client. But as time goes on the amount later decreases into a commission of 10 percent per year.
So as you can see, being a life insurance agent pays well but don’t let these numbers fool you. There is a ton of work that needs to be done before earning this amount of money including spending almost three-thirds of your day working.
And thus the only thing that may help is to be patient and hardworking at all times. Most people who try to tap into the insurance business fail because they aren’t persistent enough. So be patient and never give up.