real estate agents coverage calculator
Your pay, your loans, your work plan. See the gap in 30 seconds.
OpenIf you die on the job
What workers comp, work plans and Social Security pay, and what they don't.
OpenWhy it matters
Agents earn most of their pay from commissions. BLS says agents sometimes go weeks or months without a sale. That makes savings and a backup plan important.
If you work on your own, there is no work life plan from a broker. A plan you own can help your family if you die.
- BLS says most real estate brokers and agents are self employed: 55 percent of brokers and 54 percent of agents.
- BLS benefit counts leave out the self employed, so any coverage is up to you.
What an insurer may ask you
Have these ready. Being honest up front gets you a real price and avoids problems at claim time.
- How you are paid: commission or salary
- How you prove income, like tax returns
- Whether you are self employed
- Your age, health, and tobacco use
Common questions
Do real estate agents get life insurance through their broker?
Most do not. Most agents are self employed, so they buy their own.
How do I prove income on commission?
Insurers may ask for tax returns, especially for large policies.
Is real estate a risky job for life insurance?
No. Your age, health, and tobacco use matter most.
How much should I get?
Think about your mortgage, debts, kids, and how long your family would need help.
