The Pros And Cons Of Starting An Life Insurance Brokerage


– Potential for high profits due to commissions on life insurance policies sold.

– Low barriers to; no special license or training required. – Flexibility in terms of, clients, and services offered

– Opportunity to build relationships with clients over time

– Good way to supplement income while working a regular job


– Difficult task of finding potential buyers.

– Requires a lot of market research and analysis in order to determine the best policies for customers.

– Commission structures can be complicated and vary from carrier to carrier


– Can be difficult to get clients to trust you and your services

– Requires a lot of time and effort in order to build a successful business.

– Potential for high startup costs due to advertising, marketing, and other necessary expenses.

– Liability risk if policies are not chosen or explained correctly.