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LIMRA has some nice studies on ages of agents.
According to LIMRA:
80% of all life insurance business is placed by agents with an average age of 59.
Did you know that agents under the age of 50 is the lowest number in the history of the life business (per capita) and that 90% of those agents under 50 have never been properly trained in Life Insurance Sales and earn the lowest (inflation adjusted) income per the age demographic in the industries history.
Just goes to show you income is not measured by the contract size, but experience, training and marketing.
Old policies. Half a hundred plus three.
I am 29 and turning 30 November 2nd.
Hey Readen! That's my birthday TOO! Of course I am maybe a little bit Oder than you.
Not to make you guys feel old or anything but .... most of you guys have been in business as long, or longer, than I have been alive
Representing the 18-24 agents
I have a 98% chance of being correct in this statement:
You will not be in this business full time 5 years from getting licensed.
Come on, be a 2%er! This business needs all the young blood it can get. I recall LIMRA saying the 4-year retention rate falls somewhere between 10-12%, which is dismal enough. But only 2% making it past 5 years? Holy unsustainable model, Batman!