cmissions on policy

by Guest » Sun Mar 08, 2009 06:40 pm
Guest

im new independent agent working for small brokerage firm consisting of 3 to 4 people......

does comission differ from company to company....

how much an agents shoudl make on whole life policy with premium of $1200 a year..or on universal life insurance premium of $1200 or tem life with premiuim of $500 a year...just give me rough idea or range please?

Total Comments: 3

Posted: Mon Mar 09, 2009 01:01 am Post Subject:

The word commission isn't spelled "comission" hope this helps! :wink:

Your career with Primerica will be short lived as Citigroup is bankrupt.

You are already focused on yourself and not your prospective clients. Your career is already over before you've even sold your first policy.

Professional Insurance Sales is something you do for someone not something you do to someone.

Best regards. 8)

Oh yeah, back to this commission thingy:

com⋅mis⋅sion   /kəˈmɪʃən/ Show Spelled Pronunciation [kuh-mish-uhn] Show IPA
–noun 1. the act of committing or giving in charge.
2. an authoritative order, charge, or direction.
3. authority granted for a particular action or function.
4. a document granting such authority.
5. a document conferring authority issued by the president of the U.S. to officers in the Army, Navy, and other military services, and by state governments to justices of the peace and others.
6. the power thus granted.
7. the position or rank of an officer in any of the armed forces.
8. a group of persons authoritatively charged with particular functions: a parks commission.
9. the condition of being placed under special authoritative responsibility or charge.
10. a task or matter committed to one's charge; official assignment: The architect received a commission to design an office building.
11. the act of committing or perpetrating a crime, error, etc.: The commission of a misdemeanor is punishable by law.
12. something that is committed.
13. authority to act as agent for another or others in commercial transactions.
14. a sum or percentage allowed to agents, sales representatives, etc., for their services: to work on a 20 percent commission.

–verb (used with object) 15. to give a commission to: to commission a graduate of a military academy.
16. to authorize; send on a mission.
17. to give the order that places a warship, military command, etc., in a state of complete readiness for active duty.
18. to give a commission or order for: The owners commissioned a painting for the building's lobby.

—Idioms19. in commission, a. in service.
b. in operating order: A great deal of work will be necessary to put this car in commission again.
c. Also, into commission. Navy. (of a ship) manned and in condition for or ordered to active service.

20. on commission, paid entirely or partially with commissions from sales one has made or for work one has done: The salespeople who are on commission earn 6 percent of the total amount they sell.
21. out of commission, a. not in service.
b. not in operating order: The stove is out of commission.



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Origin:
1300–50; ME (< AF) < L commissiōn- (s. of commissiō) a committing. See com-, mission, commit

Related forms:

com⋅mis⋅sion⋅a⋅ble, adjective
com⋅mis⋅sion⋅al, adjective
com⋅mis⋅sive, adjective
com⋅mis⋅sive⋅ly, adverb
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.

Posted: Mon Mar 09, 2009 10:41 am Post Subject:

im new independent agent working for small brokerage firm consisting of 3 to 4 people......


Tell me something...do you have any experience working as a captive agent already? I guess it's better to start as a captive agent and then with a couple of years experience, you could be in a position to think of increasing your income through an independent practice.

Posted: Tue Mar 10, 2009 08:28 pm Post Subject: gary spicuzza

Gary, yes it is true that ultimatley our job is to educate our clients so that they can make the best decision possible but I dont think you can knock they guy for inquiring how he might be compensated for his time. I don't think there is a single agent out there that would do this work for free.

To answer your question tellmenow, Yes commission does vary from company to company however I dont think this forum is the place to discuss your compensation. You should probably sit down with your GA and have a talk about this subject. Im surprised you dont know this already.

GOOD LUCK!!! YOUR GONNA NEED IT!!!

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