Answers: Yep, property casualty, because of the continuing commissions. For life, which pays a complex initial commission, you have to hold on to busting b*tt forever. After 4-6 hard years busting it within P&C, your book will become self sustaining, and grow by referrals.
The most lucrative, over time, is the renewals contained by property/casualty.
You might make more commission initially by selling energy insurance, but, by selling property/casualty, you build up your renewal base faster. You see, renewals for energy insurance isn't as much as they are for property/casualty. You won't see many duration only agents earn 6 figures. But in that are many multi-line agents out here earning $200K - $600K and more over time, and beside a lot of tricky work.
An example is my daughter-in-law. She is 28 and right now is earn over $200K. She has a long time to verbs to build her agency. On one particular commercial public sale, she earned $40K FYC. She will procure paid that same amount, and more as premiums increase, every year, as long as it stays on files.
Not many agents spawn $40,000 on one sale of a natural life insurance policy.
Best wishes, and God bless.
First I will ask U a ? Do you enjoy your work? If so you will other make money for a glad person is a individual doing what he enjoys. I enjoy an axiom which is: I have other worked at what make me well and as an elder I have skilful all my goal in energy. The main hope in my vivacity has other been treat everbody as you would want to be treated & next to a Christian attitude. So don't worry roughly speaking how much you can make but how masses persons you can brand happy. Put the Customers interest first and you can not miss. Be honest near yourself and others. I agree with the answerer that said property/casualty insurance is the most lucrative. I would donate that commercial property/casualty insurance is the most lucrative. Many of my colleagues make between $200K and $1M. Some product a lot more than that. The knob is commercial insurance.
What to do when Term Life Insurance plan is cancelled and not transfered?
Life insurance I would have said Marine/Energy but I'm base in London.
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