Build Your Legacy: Insurance Edition
Looking to build your own insurance agency and you're not sure where to start? This is the podcast for you! Have your own insurance agency, but you want to grow bigger and build your legacy? Stick around, as our hosts give you tips and tricks to make that happen!
Build Your Legacy: Insurance Edition
Episode #43: Owner Compensation: What to Pay Yourself and Why
How Much Should Insurance Agency Owners Pay Themselves?
How do independent insurance agency owners decide what to pay themselves?
In this episode of Build Your Legacy: Insurance Edition, we dive into insurance agency compensation—how much to pay yourself, when to adjust your salary, and why stability matters more than spikes in income.
✅ Producer vs. Owner Pay – How to set your rate based on your role
✅ Market-Based Salaries – Why local benchmarks are essential
✅ Avoiding Overpayment – Don’t let good months create bad habits
✅ End-of-Year Planning – Reinvesting and structuring owner distributions
✅ Transitioning Roles – Adjusting compensation as your agency scales
This episode is a must for new and growing agency owners aiming to build stability and financial success.
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