We all know that when it comes to salary, there are a lot of factors that go into the equation, such as experience, education, industry, and so on. I think it is fair to say that the average salary for the most recent data available is around $100,000.
It wouldn’t be a stretch to say that most people don’t work for anything more than 50,000 a year. And most people don’t work for any higher than that. And even then, it’s still quite a lot. A lot of people don’t work for any salary that is in excess of 75,000 a year. Maybe this is because most people have jobs that have no income associated with them.
But how many people work in the insurance industry? How many people are employed by insurance companies? How many people work for insurance industry salaries? Well, the answer to all those questions is probably not very many.
The average insurance broker earns about 45,000 a year. Insurance companies pay their brokers a base rate of about 50,000 a year. Insurance companies also pay an additional 5,000 or so a year on top of that. Insurance companies are required to pay their brokers about $10,000 a year extra for taking on extra clients and dealing with clients who are on the hook for their personal accident or health bills. And of course those brokers receive a salary of about 25,000 a year.
The amount of the insurance broker’s salary is a little low. I know I’m a good-looking and talented person that likes to spend lots of time on social media. But the average broker is very conservative. And the average broker gets a little more money than most people.
If you’re doing well in the online insurance brokerage world (which is just about everyone) then you should have an excellent salary. But the average salary is not great. The average insurance broker is making about 20,000 dollars a year. A little bit out of the blue I came across this article where they claim that the average insurance broker makes over 40,000.
So, that’s a big gap in earnings. But it’s a big gap because what you’re really talking about is your average salary, not your average earnings. The average insurance broker is making 40,000 a year, and the average salary is 40,000. On a one-year salary, your average earnings are about the same.
The average insurance broker is probably making about 30,000. If you make a million, you make about 30,000, so you are a little bit in the middle. Obviously, you can do better. As a matter of fact, you should. You should be making about 40,000. That is the average compensation for an insurance broker. As you can see, you can make 4x more than your average insurance broker.
But how can you do that? Well, it depends on the type of insurance you sell. For example, to sell life insurance, you need to have good insurance records and be able to communicate with your clients easily. In other words, you need to have a little bit of a computer background. A computer background is actually a pretty straightforward skill to acquire. In fact, if you think about it, you can probably learn to do it in a week…
You don’t have to be an experienced insurance broker to be able to offer more insurance than your average broker. But if your level of experience is a little higher than you think, then you’re going to have a lot more luck with insurance.