“The mix of freedom, independence, sense of
accomplishment, and income definitely puts a career at
Five Rings Financial at the top of all lists. In addition,
there area lot more people looking for help with our
services than there are agents who can assist them,
so you will never run out of people to educate about
how money works. This creates a “supply and demand
curve” that runs pretty steep and works in the favor of a
person with a large economic vision.”
Lyall Donnelly
Annuities & Defined Benefit Programs
Now Is The Best Time…
CAREER OPPORTUNITY
There has never been a better time to have a career in the insurance and investment industry. In the next 20 years, more than $10 TRILLION will pass from the estates of today’s baby boomers to their beneficiaries. This great passage of wealth will result in more than 115 million financial transactions that generate fees, taxes, and commissions.* At the same time, there has never been a greater need for new representatives. Based on a twenty year trend where the number of licensed agents in the U.S. dropped from a high of 257,000 in 1973, to the most recent count of 174,000 in 2004, the demand to introduce new individuals to the financial industry is critical.** The combination of these two forces coming together create an incredible opportunity for the career and financial growth- minded entrepreneur.
INCOME
An insurance and investment career offers substantial rewards. The median gross annual earnings (before taxes) for insurance agents is $59,370.00. New agents — those with one to four years experience — average a net annual income of $48,864.00. The average net income for those agents that place them in the top quarter of all agents is $91,530.00.***
*Bureau of Labor Statistics. U.S. Department of Labor. Occupational Handbook, 2002, 2003 Edition. Agent Production and Survival, 2003 LIMRA International, Inc.
**LIMRA Census of Field Personnel 2005
***Census of US Personnel. 2003 LIMRA International, Inc. 2001 U.S. Annual Individual Life Insurance Sales Industry Results. 2002 LIMRA International, Inc.