How Life Insurance Agents Make Money. The more policies the agent sells, the more money they make. According to the independent insurance agents & brokers of america, inc.
The commission might be up to 120% of the premium in the first year, but around 7.5% of the premium for a renewal. After the life insurance application and underwriting process, you’re assigned a premium based on your health and other risk factors. In fact, if you perform a google search for “how do insurance agents get paid?” you will see roughly 336,000,000 results.