When I started working as an insurance agent, I was really excited. I thought it would be a great way to help people and make a difference in their lives. But after a while, I realized that it wasn’t for me. Here are three reasons why I quit being an insurance agent.
The Truth About Being a Life Insurance Agent Through an MLM
If you’re considering becoming a life insurance agent through an MLM, there are some things you should know. First and foremost, it’s important to understand that the vast majority of life insurance agents do not make a lot of money. In fact, most life insurance agents earn less than $50,000 per year.
This is because the life insurance industry is highly competitive. There are thousands of life insurance companies competing for customers, so commissions are often very low. Additionally, most people don’t need life insurance, so it can be difficult to find customers.
Of course, there are always exceptions to the rule. Some life insurance agents do make a lot of money. But they are usually the ones who have been in the business for many years and have built up a large client base. The vast majority of new agents will not make a lot of money.
If you can handle these challenges, though, becoming a life insurance agent through an MLM can be a great way to build a successful career. Just be sure to do your research and understand what you’re getting into before taking the plunge.
So, if you’re thinking about becoming a life insurance agent through an MLM, just be aware that it’s very unlikely that you’ll become rich doing so. You may be able to make a decent living, but don’t expect to get rich quick.
How MLMs Actually Work
Multi-level marketing (MLM) schemes are very popular, especially in the United States. They promise big rewards for those who sign up, including the opportunity to earn a lot of money by recruiting other people into the scheme.
However, there is a dark side to MLMs that many people don’t see until it’s too late. In reality, most MLMs are pyramid schemes, and only a small percentage of people make any money at all. The rest end up losing money, sometimes a lot of money.
Here’s how MLMs actually work:
1. Most MLMs require you to pay an upfront fee to join. This fee can be several hundred dollars, and sometimes even thousands of dollars.
2. Once you’ve joined, you’re typically required to buy products from the company at a significantly inflated price. These products are often low quality and overpriced.
3. You’re then encouraged to recruit other people into the MLM, promising them the same big rewards that you were promised.
4. The vast majority of people who join MLMs end up losing money, instead of making money. In fact, many people end up in debt because of their involvement in an MLM.
5. Only a small percentage of people in an MLM actually make any money. The vast majority of participants end up losing money.
If you’re thinking about joining an MLM, it’s important to be aware of the risks involved. You could end up losing a lot of money, and even going into debt. Before joining an MLM, make sure you understand how it works and the risks involved.
What I Liked About Being a Life Insurance Agent
There are many things that I liked about being a life insurance agent. Perhaps the most gratifying aspect was helping people to protect their families in the event of my death. It was also very satisfying to know that I was providing a valuable service to my clients and their families. I always felt that I was making a difference in the lives of others.
Another thing that I liked about being a life insurance agent was the flexibility it afforded me. I was able to set my own hours and work around my family’s schedule. This allowed me to spend more time with my loved ones, which was very important to me.
Lastly, I enjoyed the sense of camaraderie that came with being a life insurance agent. I worked with a great group of people and we always had each other’s backs. We were like a family and I will never forget the bonds that we formed.
One of the things I enjoyed most about being a life insurance agent was helping other people. It was gratifying to be able to provide peace of mind to people and help them protect their loved ones in case something happened to them. I also liked that I could work with people on a one-on-one basis and really get to know them and their needs.
What I liked about being a life insurance agent was the support I received from my team. They were always willing to help me with any questions I had and were very supportive of my goals. I also appreciated the opportunity to work with a variety of clients, which helped me to learn more about the industry and grow as an agent. Overall, being a life insurance agent was a great experience that I would recommend to anyone considering a career in the industry.
Additional Training Opportunities
What I liked about being a life insurance agent was the ability to help people protect their families in the event of my death. I also liked the additional training opportunities that were available to me as an agent. These helped me keep my skills sharp and allowed me to provide better service to my clients.
You’re Pushed to Improve Your Mindset
There are a lot of things I liked about being a life insurance agent. For one, it pushed me to improve my mindset. I had to learn how to think more positively and be more solution-oriented if I wanted to succeed. Additionally, it was great to have the opportunity to meet new people and help them protect their families. I always felt like I was making a difference in the lives of others. Finally, I enjoyed the challenge of working hard to reach my goals. It was very rewarding to see my efforts pay off in the form of new clients and policy sales.
Reasons – Why I Quit Being an Insurance Agent?
I used to be an insurance agent. It was a great job, and I loved it. But eventually, I realized that it wasn’t the right fit for me. Here are some of the reasons why I quit being an insurance agent:
1. The job was too stressful.
As an insurance agent, I was constantly under pressure to sell more policies and make more money. The stress became too much for me, and I began to dread going to work every day.
2. I didn’t like the sales process.
Insurance is a complex product, and selling it can be difficult. I didn’t enjoy spending my days trying to convince people to buy something they may not even need.
3. I didn’t feel like I was making a difference.
In the end, I didn’t feel like I was doing anything to help people. I was just selling a product. It didn’t matter to me whether or not people actually used the insurance I sold them; my job was just to sell it.
4. The pay wasn’t great.
Insurance sales is a commission-based job, so your income can fluctuate a lot. I often had months where I barely made any money, and that was frustrating.
5. I hated the paperwork.
One of the worst parts of being an insurance agent is all the paperwork. There are so many forms to fill out, and it’s easy to make mistakes. I spent more time than I would like to admit dealing with paperwork, and it was always a headache.
The Commissions Are a Big IF
The commissions are a big “if” when it comes to making money. The other reason is that I didn’t feel like I was really helping people by selling them insurance. I felt like I was just pushing a product on them that they may or may not need.
I realized that there are other ways to help people without selling them something. I can volunteer my time or donate money to causes that I care about. I don’t have to sell anything, and I can still make a difference in the world. That’s why I quit being an insurance agent.
Lots of Cold Calling
I used to be an insurance agent. It was a great job in many ways, but eventually I realized it wasn’t for me. Why did I leave? There were a few reasons, but the biggest one was that I got tired of all the cold calling.
For those who don’t know, cold calling is when you call someone up out of the blue and try to sell them something. Insurance agents do this all the time. We would get lists of potential customers and then we would have to call them one by one and try to sell them a policy.
It was tough work. Not everyone wants to buy insurance, so you have to deal with a lot of rejection. And even when you do find someone who’s interested, it’s hard to close the deal because people are always shopping around for the best price.
After a while, I just got tired of it. I didn’t mind making sales calls here and there, but doing it day in and day out was soul-crushing. So I quit and found a job that was a better fit for me.
Shame For Not Performing and Toxic Hustle Culture
I was an insurance agent for a few years and I recently quit. Why? Because the industry is rife with shame and toxic hustle culture.
Shame is a big problem in the insurance industry. If you don’t perform, you’re shamed. And if you do perform, you’re still shamed because you’re not doing enough. It’s a no-win situation.
The toxic hustle culture is also a big problem. Agents are expected to hustle 24/7, 365 days a year. There’s no such thing as work-life balance. You’re either working or you’re not working. And if you’re not working, you’re not making money.
This culture leads to burnout, anxiety, and depression. It’s not sustainable. And it’s not healthy.
I’m not the only one who has quit being an insurance agent. In fact, many agents are quitting because they can’t take the shame and hustle anymore. If you’re thinking about quitting, I encourage you to do it. It’s the best decision I’ve ever made.
These are just some of the reasons why I quit being an insurance agent. It wasn’t an easy decision, but in the end, I knew it was the right thing for me.
Is Being An Insurance Agent Worth It?
If you’re considering a career in insurance, you may be wondering if it’s worth it. After all, insurance can be a complex and challenging industry. But there are also many rewards to being an insurance agent. Here are some things to consider if you’re wondering if a career in insurance is right for you.
The first thing to consider is the income potential. Insurance agents can earn a good living, especially if they build up a large client base. In fact, the top 10% of insurance agents earn an average of $119,550 per year, according to the Bureau of Labor Statistics. So if you’re looking for a well-paying career, insurance could be a good option.
Of course, income isn’t the only factor to consider when deciding if a career is worth it. You should also think about job satisfaction and work-life balance. And in these areas, insurance agents often fare quite well. In fact, insurance was ranked as the 8th best industry for work-life balance by Forbes in 2018. And a 2017 survey by Gallup found that 63% of insurance agents were satisfied with their jobs, compared to just 49% of workers overall.
So if you’re considering a career in insurance, there are definitely some things to consider. But ultimately, it’s up to you to decide if being an insurance agent is worth it. Only you can weigh the pros and cons and decide if this is the right career for you.
It was a difficult decision to make, but I ultimately decided that I didn’t want to sell a product that people often don’t understand and can be frustrating to purchase. Working in insurance sales was a great experience, and I learned a lot about the industry and the products we offer. However, it wasn’t the right fit for me long-term. If you are thinking of starting your career in insurance sales, I would highly recommend it; but remember that it takes hard work and determination to be successful. Are you currently working in insurance sales? What tips do you have for those looking to enter this field?
After much contemplation, I decided to leave the insurance industry and pursue other opportunities. If you are considering a career in insurance, I would encourage you to research all of your options before making a decision. There are many different types of careers within the insurance industry, and each one offers its own unique set of challenges and rewards. Contact us if you want to learn more about our agency or the insurance industry as a whole. We would be happy to share our experiences with you and answer any questions that you may have. Thank you for reading!