Life insurance agents make money by selling life insurance policies to customers. They typically earn a commission based on the amount of the policy sold. The amount of money an agent makes depends on their experience, client base, and the policies they are selling.
However, there are some disadvantages to working as a life insurance agent. Agents must have a thorough understanding of the products they are selling, and they must be able to explain the policies to their clients. They must also be able to build relationships with clients and keep up with changing regulations.
If a life insurance agent is not careful, they may end up selling policies that are not suitable for their clients. This can lead to serious consequences, such as legal action from the customer or a fine from the insurance company. It is important for life insurance agents to be knowledgeable and honest when selling policies.