Skip to content

FFL Agent Salary

FFL Agent Salary: In the United States, the average annual salary of the FFL insurance agent is around $134,084, which is 103 percent above the national average. Salary information comes from 15 data points collected directly in the last 36 months from Employees, users, and past and current job ads in India. Please note that all salary figures are estimates based on submissions to Indeed by third parties.

Ffl agent salary
FFL Agent Salary

These figures are only given to users of Indeed in order to compare them generally. The minimal salary may differ according to jurisdiction. For actual salary figures, you should consult the employer. We have identified 10 cities in which the typical FFL salary is higher than the national average. The highest-ranking is Lakes, AK, with a second and three-place behind San Francisco, CA, and Santa Clara. The national average in Santa Clara, CA, is 15.927 dollars (17.0%), and Lake, AK is further up the $17,818, or 19.0%, trend, which is higher than the average of 93.749 dollars.

The essence of any significance is that Lakes, AK has a moderately active FFL job market, which is now undertaken by only a few companies. The opportunities for economic advancement through changing locations as the FFL appear to be extremely productive with these ten cities having average wages higher than the national average. Family First Life’s aim is to put the needs of the families we serve and the families of our agents first. We at Family First will do all in our power to win the trust and loyalty of our clients and agents alike.

FFL-Central Compensate its Employees in US?

Four data points from employees, users, and job adverts on Indeed in the last year are used to calculate salaries. Note that any wage data provided by third-party submissions to Indeed are estimates only. For the sole purpose of making general comparisons, these numbers are made available to Indeed users. Depending on where you live, the state’s minimum wage may be higher or lower than what you’re really paid.

FFL Agent Salary
FFL Agent Salary

At organizations like New York Life Insurance, how much money does an insurance sales agent make? By 2022, the average income for an Insurance Sales Agent in the United States will be $52,724 at businesses like New York Life Insurance, although the normal salary range is between $48,153 and $59,476. Many factors, like schooling, certifications, supplementary talents, and the number of years you’ve worked in your field, influence salary ranges. Salary.com offers more online, real-time compensation data than any other website, making it easier for you to pinpoint your ideal salary range and salary range.

Property and casualty, life, health, disability, and long-term care insurance are among the products generally sold by independent insurance brokers, often known as insurance sales agents or “producers.” Property and casualty insurance brokers sell insurance policies that protect individuals and businesses from financial losses arising from automobile accidents, fire, theft, storms, and other disasters that might destroy property, such as earthquakes. Property and casualty insurance for businesses can also cover claims for injured workers’ compensation insurance, product liability, or medical malpractice.

FFL Agent Salary

Typically, independent insurance agents represent a number of insurance firms, or “carriers,” and sell the products that best suit their clients’ needs. As a general rule, independent insurance agents are extremely well-trained and educated about the intricacies of the insurance business and insurance laws. Because of their experience, they are able to provide their clients with guidance on the types and amounts of insurance they should purchase to meet their specific needs.

Ffl agent salary
FFL Agent Salary

Working with intermediaries is a common way independent agents get several estimates from different insurance companies and send them forward. Insurance intermediary services allow independent agents to analyze many quotes and present their clients with the best policy options. A commission is paid to independent agents for their work (remuneration). They also market mutual funds and annuities, as well as retirement and estate planning-related financial products. In order to sell insurance and financial goods, independent agents must be licensed in the states where they operate.

Independent insurance agents and brokers in the United States are represented by a number of trade associations, including Agents for Change, NOLHA, the Independent Insurance Agents and Brokers of America, and the National Association of Professional Insurance Agents, among others (PIA). When it comes to working for the insurance firms they represent, independent agents are treated as independent contractors. It is possible for the agent to represent multiple companies, but the agent is still an independent businessman.

Insurance Sales Agents with companies like New York Life Insurance, for example, can expect to earn average base pay and average total cash compensation, as shown in the figures below. Companies like New York Life Insurance pay Insurance Sales Agents a starting salary ranging from $48,153 to $59,476 with an average starting income of $52,724. The overall remuneration can range from $55,098 to $66,036 with an average of $55,459, including bonuses and annual incentives.

Efforts to benefit others

The charitable arm of New York Life is the New York Life Foundation. Bereavement in childhood is one of the topics it addresses. When the Comfort Zone Camp received funding from the New York Life Foundation in 2007, the foundation first got involved in programs for grieving children. Grief Reach, the Coalition for Students Supporting Grieving, Camp Erin/Moyer Foundation, the Tragedy Assistance Program for Survivors, and the Boys and Girls Club of America are some of its partners and programs.

Ffl agent salary
Ffl agent salary

One Last Hug is an HBO documentary that is funded. African-American communities are also given a lot of attention by the company. In 2006, the New York Life Endowment for Emerging African-American Issues was established with a $10 million gift to the Colin Powell Center for Policy Studies at City College of New York. Exclusive agents and independent agents compete with one another. The majority of personal lines business is written by salaried employees of the insurance company. As a result, independent agents account for around 80 percent of the commercial lines insurance industry. Independent agents have an edge in commercial lines since they have different marketplaces to choose from.

The Process of Assigning and Evaluating

New York Life was ranked No. 69 on the Fortune 500 in June 2018. Life insurance giant New York Life was included in Fortune’s 2017 list of the world’s most admired companies. New York Life was named #364 on Forbes’ list of America’s Best Companies to Work For in 2017. New York Life is now ranked 71st on the Fortune 500 list. New York Life was rated A++ by A.M. Best, AAA by Fitch Ratings, Aaa by Moody’s, and AA+ by Standard & Poors at the end of 2019 by the major four rating agencies.

According to the 2018 Fortune 500 ranking of the largest US firms, New York Life Insurance Company (NYLIC) is the third-largest life insurance provider in the United States, as well as the biggest mutual provider in the country. Total assets managed by NYLIC are around $570 billion, with over $25 billion in surplus and AVR. Standard & Poor’s, AM Best, Moody’s, and Fitch all gave NYLIC the highest possible ratings in 2007. Other New York Life affiliates offer a wide range of financial services, including…