Why Do 90% Of New Insurance Agents Quit? The Key To New Agent Insurance Sales Success! (2024)

Dear Friends, Somewhere around 80% of new insurance agents hired by independent marketing organizations fail and quit within their first 12 months of getting their license. And then within 5 years, 80% of the remaining new insurance agents will struggle and quit! That is a 90% failure rate for new insurance agents. Why do all those new insurance agents quit? New Agents quit because the only training and coaching they get from their independent marketing organization is how they can make a quick insurance sale! New agents quit because the independent marketing organization never trained them on the keys to success in selling insurance!

Most independent marketing organizations will train insurance agents on all the products they want them to sell. Then the independent marketing organization will train the insurance agent to ask a few questions and learn a sales presentation that just sells a product. The independent marketing organization will give them an appointment script. And tells them to set an appointment with the leads they buy or the people they know! And within a year most new agents are frustrated, broke, and have no option but to quit selling insurance.

Why Are Most New Insurance Agents Frustrated And Quitting Sales?

Why Do 90% Of New Insurance Agents Quit? The Key To New Agent Insurance Sales Success! (1)

The first reason new insurance agents quit is they only set a few sales appointments with the leads they buy and/or the people they know. And they will close just a few insurance sales. Most insurance sales will be around $600 in commissions. Eventually, they will run out of the people they know. And they will have to buy more and more insurance sales leads. Lead costs alone per week would be around $500! Many new agents quit selling insurance because they are broke and can’t afford to buy more sales leads.

The second reason new insurance agents quit is initially they will need to set 10 or more sales appointments to close 3 or more sales per week. So to set 10 or more insurance sales appointments, they will need to talk to 100 or more people. This means they will make 200 or more phone dials to talk to 100 people. And that means they will spend a lot of time and money every week to make just 3 insurance sales of $600. Most new agents quit selling insurance because they have to work too hard for the money they make.

The third reason new insurance agents quit is that they will end up with a lot of not-taken and lapsed policies. Because they never learn to sell insurance the right way. This will mean they have to pay back a lot of their insurance commissions. These new agents are forced to quit because their lapses are more than their current insurance commissions!

Between the negativity of calling 200 people to set 10 appointments and then people lapsing their insurance policies. Plus, with the expense of the insurance sales leads! Most new insurance agents get frustrated and burned out within a year or so… and will quit the business.

Why Do 90% Of New Insurance Agents Quit? The Key To New Agent Insurance Sales Success! (2)

Keys To Success For New InsuranceAgents Selling Insurance!

There are very few independent marketing organizations that do not have 90% of their new insurance agents quit in their first 5 years. What do the most successful independent marketing organizations do that is different from everyone else out there? What are the keys to success for new insurance agents so they are not frustrated, broke, and forced to quit?

First Key To New Agent Success Selling Insurance – The most successful independent marketing organization will train agents to market their services (not products)! So they do not need to buy any insurance sales leads.

The result of their insurance agent marketing training is they will attract their IDEAL prospects/exclusive sales leads to them. So now they will set more and better sales appointments.

And because they work with their ideal insurance prospects/exclusive sales leads they will only need to call 10 to 25 people per week to set 3-5 appointments per week!

Second Key To New Agent Success Selling Insurance – the best independent marketing organization will train insurance agents how to really help people (not just make quick sales)!

Because the insurance agents are learning how to really help people the commission for each sale will initially be over $1,000. And as they get better and better at helping people, the commission for each insurance sale will double and triple!

The bottom line is when new agents follow these keys to insurance success selling insurance, they will need a lot fewer prospects/exclusive sales leads! These insurance agents will spend a lot less time on the phone and more time working with and helping people. They are also building a strong relationship with clients, so they will have fewer not taken and/or lapsed insurance policies. They will get more insurance referrals/exclusive sales leads. And best of all these new insurance agents feel really good about what they do and won’t quit!

We Have A Proven 80% Success Rate For New Insurance Agents!

Let me tell you a quick story, my family and I have been training and coaching new agents and advisors tohelp familiesfind the moneyto buy insurance for over 40 years.

For example, as a branch manager for Met Life, from 1989 to 1994, Lew hired 23new insurance agents. Then over 10 years later, 18 of these new agents were a success and still selling life insurance. All 18 of these new insurance agents were making well over $100,000 per year and were not forced to quit. And that was in the ’90s! In addition, they work 40 hours or less per week and do all their sales within 5-10 miles of their home or office.

Note:The top producers, we worked with last year, earned over $1,000,000. While many others who earned $40,000-$60,000 per year, within a year now earn $150,000-$350,000 per year. And you can do it too when you take control of finding and attracting your best life insurance leads!

These New Insurance Agents Were On The Verge Of Quitting… Now With Our Training These New Agents Are A Huge Success Selling Life Insurance!

Why Do 90% Of New Insurance Agents Quit? The Key To New Agent Insurance Sales Success! (3)“I know I am not the first person to say or think this, but I wish I would have met Lew and Jeremy Nason when I started in the business 4 yrs ago. ‘Where have you guys been?’ The Mortgage Protection Tool Kit is absolutely one of the most amazing, ‘for real’ products I have ever used. And, just when I thought I couldn’t be blown away anymore, I picked up the Fact-Finding DVDs. Holy @&*/?* Batman?Unbelievable!

Interestingly enough, I started by implementing the system with my existing clients on annual reviews. However, instead of doing the talking, I started doing the listening and questioning. I noticed I didn’t have to deal with objections like price and affordability. It is amazing how these techniques work in such a simple fashion. And it allows me to help the client get what they want. By helping them find the money they need to do it. Now, that I have passed the ‘Wow, this really works!’ phase – the future seems brighter than ever. Again, I can’t thank you guys enough.” Paul Leonard – CA (4 Years in business)

Why Do 90% Of New Insurance Agents Quit? The Key To New Agent Insurance Sales Success! (4)“I have been looking for a “magic” system for selling insurance and leads. It doesn’t exist! However, within about 30 days the Insurance Pro Shop’sMortgage Protection Sales System and training have changed my practice! This is a complete system that if applied can turn anyone’s practice around in 30 days. The simple facts are… from Jan 1/2011 – Mar 31/2011, I sold $30k in life premium. From April 1-18th I sold $14K in life premium and 2 annuities for $57k. I also had a client call me and we are working on a $300k annuity which will be the largest I have ever moved. I have looked everywhere for a system that works and bought a lot of systems. This one changed my life.” Mark Kanakaris, RFC – GA (4 years in business)

Why Do 90% Of New Insurance Agents Quit? The Key To New Agent Insurance Sales Success! (5)Lew, I just wanted to take a moment and thank you for recommending themortgage tool kit. It has definitely helped me increase my average case size from a $600 annual premium to well over a $2,000 annual premium per case. Also, prior to purchasing the tool kit, I was spending over $2,000 per month on leads. I am proud to say that I have not purchased a single lead in over two months and my production is still climbing. What a life-changer. I cannot thank you enough. You’re truly making a difference.” David Trusler, MBA – IL,Trusler Financial Group (6 years in business)

Why Do 90% Of New Insurance Agents Quit? The Key To New Agent Insurance Sales Success! (6)

The Best New Insurance Agent Sales Success Training Program For Independent Marketing Organizations!

Are you considering a career in insurance sales? Then take a look at our life insurance marketing, leads, sales success system, and tools – with our 90 days one-on-one of new agent training, coaching, and sales support! Don’t follow the independent marketing organizations that tell you to buy insurance sales leads. These independent marketing organizations have 90% of new insurance agents failing and quitting in the first 5 years.

Are you struggling with selling insurance? Are you one of the agents recruited and trained by an independent marketing organization – who are on the verge of quitting insurance sales? Don’t be a new insurance agent who quits! Call us before you are one of the frustrated new agents, broke, and forced to quit selling insurance! We want to help you! Look at our proven life insurance marketing, leads, and sales success system, with 90 days one-on-one of new agent training! We offer a 90-day full money-back guarantee. We are NOT an Independent Marketing Organization trying to recruit you.

Will You Be A Success In Selling Life Insurance Like The Above Agents? Or Will You Be An Insurance Agent Forced To Quit?

Why Do 90% Of New Insurance Agents Quit? The Key To New Agent Insurance Sales Success! (7)

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Our New Agents Fast Start Program Life insurance marketing, leads, sales system, and agent success training! This is about you learning to specialize inhelping homeowners to find the money… To get all the cash-value life insurance they need to protect their families. While you help them pay off their mortgage 10-15 years early! (Using cash-value life insurance!)

Check out our New Agents Fast Start Program Insurance Sales Success Training. Because you will get 90 days of personal insurance agent success training, coaching, and mentoring… with back-office sales support! All from a team who have trained agents and advisors for over 40 years on the best way to sell mortgage protection life insurance. So agents will be a success and earn $100k or more in their first year selling mortgage insurance!

You will get the best marketing system and agent training to find your best exclusive mortgage life insurance leads/prospects. Next, you will get the scripts and agent questioning training you need for success in setting great insurance sales appointments.

Then you will get the best agent success training on how to do a great insurance fact-find. So you can help homeowners to identify and want to solve their problems. You will also get the best agent success training on how to help homeowners find the moneyso that they can buy life insurance right now!

Finally, you will learn the best sales presentations to close 9 out of 10 sales appointments… So that you will earn $100K or more in your first year selling mortgage life insurance!

It is the simplest and best mortgage life insurance marketing and sales success system and training for new and experienced agents and advisors… to help homeowners buy mortgage insurance!

Includes… Our Fast Start Mortgage Insurance Sales Tool Kit™! Mortgage life insurance marketing, leads, and sales system, with agent success training,
Includes… Our How To Close 9 Out Of 10 Insurance Sales! – Life Insurance Sales Success Training System And Videos,
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Includes… 90 Days of Personal Insurance Agent Success Training, Coaching, and Back-office Sales Support… Worth $2,097!

When Will You Invest In The Best Insurance Marketing, Leads, and Sales Success System, With Training and Support for Agents – So You Won’t Be A New Agent Forced To Quit Selling Insurance?

Why Do 90% Of New Insurance Agents Quit? The Key To New Agent Insurance Sales Success! (9)

Not Sure Where Start… Become an IPS Member today to check out our insurance agent marketing and sales strategies & training programs!

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Only$39.95 per monthfor the life of your membership – immediate online access!

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Are you a seasoned financial advisor, a new insurance agent, or a P&C agent? Then you need training and coaching to learn these critical and fundamental insurance marketing, exclusive leads, and sales strategies right now! They are not an option if you want to be aTrusted Advisorand be ultra-successful in insurance sales. It is how you will get your special message out about how youhelp middle-income familiesto have a secure future! This will make it much easier for you to find and attract your exclusive insurance leads/prospects! So, you will set your best Insurance appointments! And then you will close more and larger sales!

This is just the start of the life insurance marketing and sales agent training, courses, tools, and videos you will also get… When you decide to be an elite member of our IPS private life insurance marketing and sales training website.

INCLUDES4 Live Hour Coaching Webinarseach month –Live Group Coaching –Case Design Classes –withInsurance Marketing, Prospecting, And SalesTraining Tips and Strategies!You will also have immediate access to all of our Past Live Coaching Webinars! When will you decide to be a successful new insurance agent and not be forced to quit?

Why Do 90% Of New Insurance Agents Quit? The Key To New Agent Insurance Sales Success! (11)

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Why Do 90% Of New Insurance Agents Quit? The Key To New Agent Insurance Sales Success! (12)

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It is about you learning to make a real difference in their lives. So, you build a long-term trust relationship… To generate a steady stream of new, repeat, and referral sales. This 44-page insurance marketing E-book is some of the best new agent success training for selling life insurance. So you won’t be forced to quit! It is an immediate download…Order Here

Why Do 90% Of New Insurance Agents Quit? The Key To New Agent Insurance Sales Success! (13)

Are You Asking Your Clients Enough Insurance Sales Questions? Only $39.95
By Lewis Nason And Jeremy Nason

One of the recurring topics we write about each week… and talk about every day is asking your insurance clients the right sales questions. And then ask your insurance clients enough sales questions! That is because asking your clients questions is one of, if not the biggest key to your success in insurance sales. Accordingly, agents have asked us for a complete list of probing sales questions to use with their insurance clients! As a result, we have compiled a list of all of our favorite insurance sales questions. And we put them all into our limited edition e-bookAre You Asking Enough Insurance Sales Questions? In this 24-page guide, you will find our goldmine of sales questions you should ask your insurance clients to set appointments and be successful in selling insurance. More Details!Immediate Download… Order Now!

A huge key to setting better appointments with your leads, closing sales, increasing your income, and a success in selling life insurance is and always will be getting the agent training to ask enough questions! It is the insurance agent training you will not get from most Independent Marketing Organizations! So you will not be one of the new insurance agents forced to quit!

Why Do 90% Of New Insurance Agents Quit? The Key To New Agent Insurance Sales Success! (14)

When Will You Read Our Full-Length Book? So You Build Your Life Insurance Sales Career By Learning How To Really Help People!

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Important Question… Are you in this insurance business just to make sales? Or, do you really want to help families? Who do you think your insurance prospects want to see? Do they want to meet with an insurance salesperson – or a Trusted Advisor doing their best to help them? When will you decide to make a real difference in people’s lives? The more you get insurance agent success training, coaching, and sales support to help families! The more you will learn to help yourself and your family! Nothing will change until you decide to take action to make it change!

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What Every Agent And Advisor Needs To Know To Make Easy Life Insurance Sales!

How To Make More Money Selling Insurance!

The Key To More Life Insurance Sales Success: Caring About People!

Why Do 90% Of New Insurance Agents Quit? The Key To New Agent Insurance Sales Success! (15)

Why Do 90% Of New Insurance Agents Quit? The Key To New Agent Insurance Sales Success! (16)

Why Do 90% Of New Insurance Agents Quit? The Key To New Agent Insurance Sales Success! (2024)

FAQs

Why Do 90% Of New Insurance Agents Quit? The Key To New Agent Insurance Sales Success!? ›

Most new agents quit selling insurance because they have to work too hard for the money they make. The third reason new insurance agents quit is that they will end up with a lot of not-taken and lapsed policies. Because they never learn to sell insurance the right way.

Why do so many insurance agents quit? ›

One of the biggest reasons that insurance agents quit is the fact that they have unrealistic expectations. The insurance industry is huge, which leads many people to think they can easily make a large income by selling insurance.

Why do insurance agents get bad reputation? ›

No Trust in the Insurance Agent or Insurance Company

Some are just paranoid, but others have had past experiences that justify their lack of trust. Whether it has been lack of service from their agent or not being treated fairly on a claim, bad experiences can put a very negative light on the insurance industry.

Why is it so hard to sell insurance? ›

The state has been particularly battered by the dual forces of nature and economics — wildfires fueled by drought and, more recently, flooding have led to significant losses for insurers, prompting many to exit the market or drastically adjust their offerings. For Harper, the job's emotional toll is palpable.

How do I succeed as a new insurance agent? ›

How to Be a Successful Insurance Agent
  1. People Skills. People skills are the number one characteristic of a successful insurance agent. ...
  2. Good Salesmanship. Insurance agents are salespeople by nature. ...
  3. Customer Service Skills. ...
  4. High Energy Level. ...
  5. Honesty. ...
  6. Knowledge on a Variety of Products. ...
  7. Choose the Right Carrier.

What is the failure rate of new insurance agents? ›

That is a 90% failure rate for new insurance agents.

Then the independent marketing organization will train the insurance agent to ask a few questions and learn a sales presentation that just sells a product. The independent marketing organization will give them an appointment script.

Why are people leaving the insurance industry? ›

Compensation, work-life balance and benefits are the most frequently cited reasons for leaving the insurance industry, according to a study by Vertafore.

How long do most insurance agents last? ›

Most life insurance agents do not last a year in the business, and even fewer make it five years. The ones who persevere, however, are rewarded immensely with renewal commissions.

What is the hardest part of being an insurance agent? ›

10 Challenges Insurance Agents Face
  • Finding New Clients. One of insurance agents' most significant challenges is attracting new clients. ...
  • Retaining Existing Clients. ...
  • Keeping Up with Industry Changes. ...
  • Managing Administrative Tasks. ...
  • Competition. ...
  • Client Education. ...
  • Technological Advancements. ...
  • Legal and Regulatory Compliance.

How stressful is being an insurance agent? ›

The reliance on commissions for income can create significant stress for Insurance Agents. The pressure to close deals and retain clients to maintain a stable income can lead to working excessive hours and prioritizing work over personal life, disrupting the work-life balance.

What is the hardest type of insurance to sell? ›

Selling life insurance is one of the hardest things I've ever done in my life. But I've been doing it for over 25 years now. At least at this point, I have a handle on what works and what doesn't : ).

Can an insurance agent be a millionaire? ›

If you have a great work ethic and are willing to place yourself out there to establish relationships with clients, you will get more opportunities to earn a higher income. Selling insurance may even make you a millionaire.

Why do people who sell insurance make so much money? ›

One of the primary reasons insurance agents can accumulate wealth is their commission-based income structure. Unlike salaried employees, agents earn a percentage of the premiums they sell to clients. As they build a client base and generate more sales, their income potential increases.

What is the most lucrative insurance agent? ›

While there are many kinds of insurance (ranging from auto insurance to health insurance), the most lucrative career in the insurance field is for those selling life insurance.

How long does it take to make money as an insurance agent? ›

Most businesses don't make any profit in their first year of operating. It could take anywhere from 18 to 24 months for your insurance sales to actually provide profit. Don't feel discouraged. Every small business owner has to clear this hurdle.

Is it hard to make money as an insurance agent? ›

It is not easy to make a living in insurance, but it is not as hard as you might think. As with any type of sales, becoming an insurance agent can be one of the best paying hard jobs or a terrible paying easy job. Dedicated agents will become successful at insurance sales, just like at any other job.

Why are insurance companies laying off employees? ›

Major Layoffs Industry-Wide

From big brands to insuretechs like Hippo that laid off roughly 20% of its employees, the cuts are undeniable. CEOs cite several drivers behind their decisions, from restructuring to improving efficiency to automation to re-evaluating product offerings.

What is the disadvantages of being an insurance agent? ›

Cons of working in insurance sales

For others, it can cause stress and worry about their future financial situation. New insurance agents often work long hours to build and strengthen relationships and get their names out in the industry. Even those who do qualify for a base salary may be held to a strict sales quota.

Why is the insurance industry struggling? ›

Today's insurers are exposed to multiple risks, from financial risks, such as shifting interest rates, changing costs and sources of capital, and increasing claims levels due to consecutive years of significant inflation, to an array of nonfinancial risks, including extreme climate events and generative AI (gen AI).

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