r/InsuranceForAll

Hi all, what’s the best insurance to get for my parents who are 60+? Any good plans to recommend?

Alright this one is for all current and future life insurance agents.

A few months ago I left a stable 9-5 with great benefits and decently high income to pursue life insurance sales. I kept seeing posts and ad’s on social media making it seem like the next gold rush. I saw kids in their teens and 20s “selling” $20k+ per week. And thought to myself, it’s a no brainer. So I saved up some money for the transition, made the jump with both feet full time with the expectation that even if I make half of what they’re showing, it would still be a game changer and life changer for me and my family.

Fast forward 2 months, I feel as though I was sold a bill of goods and am now $30k+ in debt on credit cards (due to licensing costs, lead spend, living expenses) and am now forced to look at alternative career options.

I sold over 30 policies in my first 2 months but only deposited about $10k and spent about $13k in lead spend alone.

A few things I learned that may help others thinking of making the switch:

Agents on social media will advertise Annual Premium (AP) and make it seem like that’s what’s getting deposited in their account, in reality, that’s not the case. What you get paid depends entirely on what product you sell (simplified or guaranteed issue), what carrier you sell it through(carrier split), what your compensation percentage is with your team and company (70-100%+ IMO comp), and you typically only get 75% of it upfront. Also, every policy you sell doesn’t necessarily issue. Some of them cancel ahead of time, or have insufficient funds, or your policy gets replaced, etc.

THEN you have to factor in any potential chargebacks (industry average is between 20-30%). And after all that is said and done, you need to subtract out the amount you spent on leads for the week/month. That will give you your actual ROI.

For example, let’s say I sold $50k in AP for the month.
$50,000
85% carrier product split (average assumption some products are much less)
90% IMO split (some imo’s start you at only 70%)
75% upfront commission (9 months worth)
25% charge back/fall off assumption (can be reduced based on your systems, processes, and practices in place)
$21,500 = gross deposits into your bank account

Minus your lead spend ( assume a 5x- 10x Return on Lead Spend) let’s call it $7,000 on lead spend to sell 50k in AP. That means your NET profit would be around $14,500.
Not saying that’s chump change or anything, but then you take into account the fact that you usually are working 10-12 hour days 5-6 days a week and if you’re selling anything less than $40k a month, you’re practically going negative or breaking even. That’s why the industry has such a high churn rate of 98% in the first year.

The problem is, the life insurance industry is heavily dependent on recruiting and a lot of these people that actually make it to the big leagues spend years recruiting and reinvesting their commissions into the business. So I’m not saying it’s not possible, but I am saying that the illusion you get sold upfront is distorted and not 100% the truth that you will start selling and “making” $20k+ months easily.

It’s the equivalent of me “selling” a $100k car and saying that’s what I “earned”, but it’s not, you usually only get a fraction of the volume.

Now I’m sure there are going to be outliers and people that say “well I made it”, I’m not here to tell anyone to do or not to do something they want to try, I’m just here to share what I wish someone had told me upfront when I was getting started so that I knew better and could make a more informed decision. Hindsight is 20/20 of course but either way I’m glad I took the leap and bet on myself.

So if you’re just getting started or are thinking about it, make sure to ask your upline all the questions and calculate exactly how much you need to sell and how much you need to spend to NET the amount of money you want. Then compare that to the time you need to invest to achieve it and make an informed decision on whether this industry is for you or not.

Stay blessed.

Cheapest plan for spouse and children is 600 a check...y'all I make 1600 a check gross if I hit all 40 hrs a week...daycare is also 1400 a month...spouse makes about the same but more if he does OT. His health insurance plan is even more costly. And no we are not eligible for Medicaid. Gross income is 84k a year 😩

For car insurance

Hi everyone,

I’m 25M, a teetotaller, earning ₹9 LPA. Planning to buy a ₹1 crore term insurance till age 60 with 10-year limited pay.

I’m confused about two things:

Should I buy through an independent agent or broker (Policybazaar/Ditto), or directly? My cousin told that in the event of unfortunate, agent will assist so it is better ti go with agents

Do agents/brokers really help during the claim process?

Which insurer would you recommend? All limited pay option for 10 years

1. ICICI Prudential – ₹16,700/year (99.3% CSR)

2. Axis Max Life insurance – ₹17,119/year (99.8% CSR)

3. Canara HSBC Life insurance – ₹12,141/year (99.5% CSR)

Is it worth paying more for ICICI/Max, or is Canara HSBC the better value?

Would love to hear your experiences, thanks

Hey guys,

Looking to buy a solid health insurance policy for my parents (Father 58, Mom 53).

I'm super confused about the best way to buy it. Should I go through an online platform like Ditto, use Policybazaar, find a local offline agent, or just buy directly from the company website?

Looking for advice from people actually in the industry.

My wife recently went through the licensing pipeline tied to American Income Life — took the class, passed the Texas state exam, and she’s currently shadowing before she’s cleared to sell on her own. Her family has done well with AIL, which is what got her into it, but they are distant relatives who live in another state.

The more I read, though, the less comfortable I am. It’s 100% commission, and the reviews paint a pretty consistent picture: no training pay, charge-backs starting from the first sale, and recycled leads handed to several agents at once. There’s no indication she’d personally be required to recruit anyone — but I keep seeing others say that recruiting people under you is how you really end up getting paid. That’s not what we signed up for.

To be clear, I get that money can be made here and we’re not expecting a fortune. But we went in believing she’d at least be earning a few bucks fairly quickly, and that’s looking a lot less realistic than we thought.

I don’t want her hard-earned license to go to waste, so I’m trying to figure out where else it can take her.

Her situation:
• Licensed in Texas (Life & Health — the line AIL had her get)
• Central Texas (Austin metro), open to remote
• Would strongly prefer something with a base salary or hourly, not pure 100% commission

What I’m trying to figure out:

1. What roles actually use an L&H license without the AIL-style commission grind? Carrier inside sales, health/Medicare telesales, agency team member positions?
2. For anyone who’s left AIL or a similar shop — where did you land, and would you do it again?

Appreciate any honest takes, including “here’s what nobody told us.” Trying to make a smart move with the credential she already worked for.

Edit: also we are out of central Texas, and she primarily speak Spanish, very little English, so she is limited to what work or where she could take this elsewhere.

what is the reasonable in price and better in service legal insurance in Germany specially for professional like IT industry

I’m a F21 full-time student in MN working part-time and making under $18k a year. I recently lost my health insurance and have been uncovered for a while. I’m really looking for help and wisdom on how to navigate my options.

I need a plan that covers more than just emergencies—ideally something that includes routine doctor visits, dental, and eye care/ophthalmology. My budget is tight; I can only afford about $500 or less if I have to pay out of pocket. All of my money already goes tuition so I will be broke.I previously applied for Medicaid and was denied, but I applied with my mom. I'm wondering if I should try applying individually this time to see if I qualify on my own, or if a family plan is still the better route?

What I’m Looking For:

•    Comprehensive Coverage: Routine doctor visits, dental, and vision/ophthalmology.

•    Affordability: A limit of $500 or less for costs.

•    Guidance on Application: Should I apply individually for better luck with Medicaid (Medical Assistance), or stay on a family plan with my mom?

Hi everyone !
I’m currently shopping for 25 year term life insurance policy , but very important for me are the riders included. Accelerated death benefit , waiver of premium are easy to find , but chronic illness for term insurance is a hard one . Talking to brokers out there they tell me this is only available in whole life insurance. So I should have a conversion rider included in my term insurance , and then from there once I converted term into whole (in the future) I can add the chronic rider .

But is this really the case ?? Chronic rider only available in whole life insurance ? Trying to get clarification on this , and of course if I’m missing any important riders out there please let me know .

Thank you in advance !

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I recently came across critical illness insurance plans while reviewing my overall financial planning. I already have regular health insurance, but I am not sure whether a separate critical illness cover is really worth it.

Has anyone here ever made a claim or seen a family member benefit from such a policy?

I would like to understand if it is genuinely useful or just an additional expense.

I’m planning to buy a health insurance policy and am confused about the best platform to purchase it from.

Should I buy directly from the insurer, through Ditto, or through Policybazaar?

My priorities are a smooth buying experience, good claim support, and avoiding spam calls.

For those who have purchased health insurance recently, which platform would you recommend and why?

Thanks! 🙏