Aflac Insurance Agent Salary: Everything You Need to Know

If you’re considering becoming an insurance agent, one of the biggest questions on your mind is probably how much you can expect to earn. In this article, we’ll take a deep dive into the salary structure of Aflac Insurance Agents, covering everything from base pay to bonuses and commissions.

What is Aflac?

Aflac is a supplemental insurance company that was founded in 1955 in Columbus, Georgia. The company is known for its famous Aflac Duck mascot and catchy advertising campaigns. Aflac offers a variety of insurance products, including accident insurance, cancer insurance, dental insurance, and more. The company operates in the United States and Japan, and has been listed on Fortune magazine’s list of 100 Best Companies to Work For for 21 consecutive years.

What is an Aflac Insurance Agent?

An Aflac Insurance Agent is a licensed insurance professional who sells Aflac insurance products directly to consumers. Aflac agents are independent contractors, meaning they are not employees of the company but work on a commission basis to sell Aflac products.

How Do Aflac Insurance Agents Get Paid?

Aflac Insurance Agents are compensated through a combination of base pay, bonuses, and commissions. Let’s take a closer look at each of these components.

Base Pay

All Aflac Insurance Agents receive a base pay that varies depending on a variety of factors, including location, experience, and performance. According to Glassdoor, the average base pay for an Aflac Insurance Agent is $3,000 per month.

It’s important to note that while Aflac does provide a base salary, this is not a guarantee of income. Aflac agents are independent contractors, meaning their income is based on their ability to sell Aflac insurance products.

Bonuses

In addition to base pay, Aflac Insurance Agents are eligible for bonuses based on their performance. These bonuses can vary greatly depending on a variety of factors, including the number of policies sold, the types of policies sold, and the length of time the agent has been with the company.

In general, bonuses can range from a few hundred dollars to several thousand dollars per month, and can add up to a substantial amount of income over time.

Commissions

Finally, Aflac Insurance Agents earn commissions on the insurance policies they sell. Commissions are calculated as a percentage of the premium paid by the policyholder, and can vary depending on the type of policy and the length of the policy term.

Aflac commissions can range from 20% to 35% of the premium paid by the policyholder. In addition, Aflac agents can earn residual commissions on policies that are renewed each year.

FAQs

How much money can I make as an Aflac Insurance Agent?

The amount of money you can make as an Aflac Insurance Agent depends on a variety of factors, including your location, experience, and performance. Aflac agents typically earn a base salary of around $3,000 per month, and can earn additional income through bonuses and commissions.

Do I need to be licensed to sell Aflac insurance?

Yes, in order to sell Aflac insurance products, you must be licensed in the state in which you plan to sell insurance. Requirements for licensure vary by state, but typically include completing a pre-licensing course and passing a state licensing exam.

What types of insurance does Aflac offer?

Aflac offers a variety of insurance products, including accident insurance, cancer insurance, dental insurance, and more. The company’s flagship product is its accident insurance, which provides cash benefits to policyholders who are injured in an accident.

Do Aflac Insurance Agents receive benefits?

Aflac Insurance Agents are independent contractors and are not eligible for employee benefits. However, Aflac offers a number of supplemental insurance products that agents can purchase to help protect themselves and their families.

Is being an Aflac Insurance Agent a good career?

Whether or not being an Aflac Insurance Agent is a good career choice depends on your goals and priorities. Aflac agents enjoy the freedom and flexibility of working for themselves, as well as the potential for significant income through bonuses and commissions. However, the job can be challenging and requires a strong sales skillset.

Conclusion

If you’re considering becoming an insurance agent, Aflac is one company worth investigating. While the salary structure for Aflac Insurance Agents can be complex, it’s clear that the potential for significant income exists for those who are successful in selling Aflac insurance products.