How much money/commission % do Life Insurance sales people make when they sell you a policy?
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Insurance Made Easy.biz 9:07 am on March 15, 2010
It depends on the company it can be 50% up to 110%
Just keep in mind Insurance sales is one of the toughest businesses to succeed in. Only 20 % of new agents survive the first year.
vishal k 9:07 am on March 15, 2010
Its depend upon on Policy/Company/term. Its 2%-40% (Ist year Premium)
beautifulhotphysician 9:07 am on March 15, 2010
it depends on the company, on your particular commission rate, and the type of product sold, but it can be anywhere from 40% for captive agents w/o any experience all the way up to130%for independent agents with proven production
bhaveshjani1981 9:07 am on March 15, 2010
diffrent commission lic.icici,birla, change of commision for advisar diside the company . cirrent commision in paeson.
Michael M 9:07 am on March 15, 2010
I used to work for a company that sold term products through agents. A typical term policy sold by an agent is getting about 100% or more of your first premium. A typical term policy sold by a quote site is probably getting a little less.
Other products like whole life and universal life will be a lower percentage of the premium since the premiums are bigger.
Matt G 9:07 am on March 15, 2010
10-50% but they typically only get paid for what you pay in the first year.
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