From salary to commission base

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Posted: Thu Dec 18, 2008 4:46 pm Post subject: From salary to commission base

Hello all, I'm currently with Allstate on a paid salary the last 2 years. I'm thinking about leaving and going 100% commission base and I need some feedback on the split percentage I should look for. Will someone let me if this is a fair. 10% commission of the policy is split 70/30 between myself and the broker for all lines. Should I be asking for something different for personal and life?

nick800

New member

Joined: 18 Dec 2008
Posts: 2

1.96 Dollars($)

Posted: Fri Dec 19, 2008 3:27 pm Post subject:

nick, i'll send a pm to an allstate agent that frequents this board, although he hasn't been around lately (maybe selling too many policys, i hope)...and see if he can pop in on this thread...hang tight _________________ "Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr.

Lori

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Joined: 10 Sep 2007
Posts: 8173

Location: Missouri
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Posted: Fri Dec 19, 2008 10:09 pm Post subject:

It depends on a few things. I would ask 80/20 if you are 100% commissions. Will they be providing all the supplies, desk etc?

lisar1208

Forum Expert

Joined: 29 Mar 2008
Posts: 127

26.50 Dollars($)

Posted: Fri Dec 19, 2008 10:20 pm Post subject:

I'll be working out of my home office most of the time. There are no sub-agent benefit other than 6 months of local newspaper advertising. I've tried searching the forum for ideas on where to start and came up empty. Could you PM me what a typical commission schedule should look like for someone working in the field the last 6 years? Thank you.

nick800

New member

Joined: 18 Dec 2008
Posts: 2

1.96 Dollars($)

Posted: Sat Dec 20, 2008 11:18 am Post subject:

Friends, I've heard that Allstate prefers captive agents over independent agents. Is this true? Just curious to know, does this allow it an edge over its competitors? I'm of the opinion that involvement of the independent agents can actually help in boosting the business faster. Restricting independent agents from enrolling inturn restricts the company from reaching out to many customers. I'd like to hear the opinion of the seasoned agents in this regard. _________________ Register Now to have your Insurance queries solved.