A career as a health insurance agent or broker can be very lucrative. Just how much agents earn varies by different factors like years of experience, type of insurance sold, market, and type of agent – capitated or independent. Read more about the differences between capitated and independent insurance agents here.
As of August 27, 2021, the average Insurance Agent income in Florida is $49,542, but the range frequently falls between $45,247 and $55,886. Salary ranges vary greatly based on the city and a number of other essential factors such as education, certifications, supplementary talents, and the number of years you’ve worked in your field (Source: Salary.com). The top 90% of agents make on average, $61,661.
Demand for insurance agents
The Bureau of Labor Statistics reports that documented insurance agent earnings in 2012 also stated that the business is likely to continue to rise. The insurance business is predicted to grow by at least 10% by 2022 compared to 2012, and the demands of an aging population, as well as federal restrictions like the Affordable Care Act, are only increasing the demand for insurance among Americans. In other words, there are a great number of opportunities and earning potential for insurance agents and brokers.
How to become an insurance agent
To become an independent insurance agent or broker you first need to learn about the necessary state licensing requirements in your state. Here are some requirements to qualify for a 2-15 Health & Life Agent License, an applicant must complete each of the items and/or meet the associated requirements, as well as sit for their state exam: https://www.floridainsurancelicense.com/requirements/. Find the rest of the steps in our previous blog post here. Be sure to contact a dedicated Claro Insurance team member to succuss ways to make more money as an independent insurance agent. We can help you get there. 1800-806-2527