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 Posted: Tue Apr 28, 2009 9:41 pm Post subject: agent compensation |
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| what kind of money can i make selling life and health insurance policies the first year? |
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rhosummer
New member
Joined: 28 Apr 2009
Posts: 4
2.85 Dollars($)
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| Posted: Wed Apr 29, 2009 6:13 am Post subject: |
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If you haven't obtained your license yet, no need to worry about how much you can make on sales. Therefore, first you should get the license to start-off.
Next, you earning potential would depend upon the type of agent you would become, i.e. captive or independent. The captive agent would earn in terms of remuneration from the company he/she is associated with, whereas, the independent agent is all on his own earning in terms of commission.
Life insurers normally would pay 30% to 100% on the first year premium as commission depending upon the type of the policy.
Hope it helps. Please feel free to put more queries forward.
~Jeremy |
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JeremyHolter
Senior member
Joined: 06 Jun 2007
Posts: 1194
210.30 Dollars($)
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| Posted: Mon May 04, 2009 8:46 pm Post subject: |
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Agent Compensation is a question that comes up quite frequently, and it is about as easy to answer as "How Much Money Could I Make if I started my own Business?"
The answer...IT DEPENDS! Insurance is a business, like any other venture, and it all depends on you! I made close to six figures my first year, but this is atypical.
I have worked with many agents who make about 15-20K before they quit...some even less. Your persistence and motivation are going to make all the difference in the world. Other things are going to influence it as well, as Jeremy as pointed out.
Find a great support network and a place to learn, do the right thing for the client, and never give up! |
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ChrisBantly
Senior member
Joined: 11 Mar 2009
Posts: 381
Location: Upstate SC
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