In "Life Insurance" sales, what should i look for in evaluating a company? What is the average income?

Question

Based in NH.

Answer 1

As mentioned, your starting income will likely be poor for the first couple years, but in the long run you will earn a high income for a very small amount of work (which is why you see many financial proffessionals golfing the day away in their later years).

As for evaluating the company:

Make sure you understand the compensation fully.

Understand what your expenses will be if you are self-employed.

Review their product line and compare their pricing to other companies (find an online quote system) to make sure you aren't slinging bad products.

Find a stable company...is it a known name?  do they have a good reputation?  How long have they been in business?  What will they do to support you as you grow your practice (IE: training, will they send you leads or do you produce your own, etc)

Ask each company if you can meet with an advisor that is in our same situation....someone that is new in the business, around your age, around your same professional background.

Answer 2

You'll want to look for a company that has a good A.M. Best rating, one that has strong reserves, good customer service, a good reputation, and name recognition.

First year income will average less than $10,000 which is why 95% of the agents wash out in the first year.