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 Posted: Sat Oct 24, 2009 8:43 am Post subject: |
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I think it would be better if you'd break the compensation into fixed and variable components. you'd definitely need to see that the fixed element is good enough to help him sustain in that particular region. Apart from that you'd need to pay commissions upon achieving different levels of sales. Conduct market researches to know more about the earnings of your competitors in that particular field. This would probably give you an idea of the sales potential for your kind of business.
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anonymous00
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| Posted: Fri Nov 06, 2009 10:11 pm Post subject: help! |
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P&C - The base salary is 25,000 plus commission. Commission paid on new business is 25% and renewal is 15% - is this good?? how much can i expect to make on commission??
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anonymous1234
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| Posted: Tue Apr 06, 2010 4:38 pm Post subject: Life insurance agent |
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I have an interview tomorrow with American income life for a buisness manager possition, ive been googleing all day too gain info on the subject of it and the income rates for the job and i havent found a thing, would that be commission or salary paid?
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Patricia Hondros
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| Posted: Fri Apr 09, 2010 8:01 pm Post subject: auto/home policies |
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How many auto/home policies can an independent agent sell the first year realistically? and what would be the earnings on 850 dollar premium on average?
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rhoda
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| Posted: Fri Jun 25, 2010 9:56 am Post subject: |
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I'm with AmeriPlan. Even though I'm personally not an Insurance Agent, I have a lot of them on my team.
They do really well because they already have prospects coming in and they just have one more service to offer them. I think it really works out great for them since if you are working with someone that will not quailify or simply can not afford the monthly premium you'd then be able to present AmeriPlan.
Being licensed and selling life/health insurance is very profitable...its also very expensive to purchase leads, continuing education, etc. Things that are very hard to maintain if you are just starting out, you don't make a profit initially. AmeriPlan is different considering the monthly maintenance fee and the marketing is very affordable.
AmeriPlan offers daily pay, weekly bonuses, monthly residual income, awesome and easily attainable commission plan, bonus builder overrides etc.
Just thought I would share that for those looking to add a product line to your exisiting portfolio and in turn increasing your income.
Much success to you all!
~TaVona |
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TaVona
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| Posted: Fri Nov 12, 2010 6:52 am Post subject: commission |
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the insurance agent that wants to hire me is offer me 8% commission for auto insurance and 8% for house, 20% for life.. and no commission when renewing.. is this a fair offer?
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anonymous0517
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| Posted: Fri Nov 12, 2010 10:28 am Post subject: |
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HARDLY FAIR!!
Although life insurance may not pay renewal commissions, auto and homeowner's both do. So not getting any renewal commission is a RIP OFF. Life insurance commissions (for cash value policies) usually starts at not less than 50% and can range to far more than 100% of the first year premium. Getting only 20% SUCKS!!
As for 8% on auto and homeowner's, consider this: the typical commission to an agent or agency for those products is about 20%-25%. So you would be giving 60% or more to the agent.
Unless you are being hired as a "solicitor" and not as an agent, these commissions are far too low. You're looking at a 40/60 split, with you on the short end. What is the agent offering to make up the difference?
If you are totally inexperienced, then I might consider it almost reasonable, but only if the agent is going to train you properly and then raise your split to at least 50/50 or 60/40 when you are capable of doing business on your own. An experienced agent would not accept less than a 75/25 split.
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California-licensed Property & Casualty Broker-Agent and Life & Health Agent. CA Insurance License #0596197. Send me your questions, and I'll send you my answers. I live, breathe, and teach insurance! |
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MaxHerr
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| Posted: Mon Nov 29, 2010 9:17 pm Post subject: STARTING MY OWN AGENCY |
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I NEED SOME POINTERS ON STARTING AND MAINTAING MY NEW AGENCY FOR THE FIRST YEAR. I'M EXCITED ABOUT STARTING IT, BUT STILL A LITTLE NERVOUS AT THE SAME TIME.
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BOOKER T
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MaxHerr
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| Posted: Wed Dec 01, 2010 2:22 am Post subject: |
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You're starting an agency and looking for pointers here?
My advice...find someone you don't like much to pledge a bunch of collateral for your agency...they are going to lose that money. |
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BNTRS
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| Posted: Mon Dec 06, 2010 8:27 pm Post subject: |
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how much commision can you make off of a million dollar annuity
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sab289
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| Posted: Tue Dec 07, 2010 6:29 pm Post subject: |
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As much as $80,000 from some companies. An 8% commission is fairly typical. But if you are in the business only for the commissions and not for the purpose of providing the right products to folks for the right reasons, then you need to reconsider your motives.
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California-licensed Property & Casualty Broker-Agent and Life & Health Agent. CA Insurance License #0596197. Send me your questions, and I'll send you my answers. I live, breathe, and teach insurance! |
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MaxHerr
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| Posted: Fri Dec 10, 2010 11:46 am Post subject: new business interest |
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Looking to write P & C in Iowa for commercial and personal to start. Intend to expand to offer life/health and annuities in the future. Any words of wisdom would be appreciated. Financial planning background/ obtaining a degree in finance & real estate...almost complete, and about a year of insurance background in commercial P & C lines. Any thoughts or pieces of advise? Keys to achieving success as an independant agent?
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Businessismystyle
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| Posted: Sat Dec 11, 2010 3:03 pm Post subject: Becoming an insurance agent |
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Please tell me...is it better to clean up ones credit scores first or get the insurance sales training/licensure?
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derudd@yahoo.com
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| Posted: Tue Dec 14, 2010 12:29 am Post subject: |
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Financial planning background/ obtaining a degree in finance & real estate...almost complete, and about a year of insurance background in commercial P & C lines. Any thoughts or pieces of advise? Keys to achieving success as an independant agent?
The degree in finance and real estate may be nice to have, but is unnecessary for success in our industry. What makes an agent successful is knowing his/her products and finding people who want/need them, and then being able to give a product presentation and not being afraid to ask for the check.
Prospecting and appointment setting activities are the most beneficial for establishing a business.
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California-licensed Property & Casualty Broker-Agent and Life & Health Agent. CA Insurance License #0596197. Send me your questions, and I'll send you my answers. I live, breathe, and teach insurance! |
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MaxHerr
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