According to various studies and publications, the average age of financial advisors and Life Insurance agents is somewhere between 53 and 58 years, with 38% expecting to retire in the next 7-10-years. About 50,400 openings for insurance sales agents are projected each year, on average, over the decade.
The market will only continue to grow as the population grows and more people reach retirement age. Also, COVID-19 has resulted in an increase in the need for life insurance policies. The future is favorable for life insurance agents.