![]() |
|
| *The Commerce Journal>>>Insurance |
What is the average commission percentage that an agent gets for the following types of insurance:? |
Auto Generally speaking - My experience (In Canada a few years ago) was that commisions, to a certain extent, were negotionable. I received a 40% commission on the AYP (annualized yearly premium). I also received 110% of that amount as an "override". A pro-rated portion of this payment would have to be paid back if my client cancelled their policy (or died) within 3 years of the policies inception. At the time, I was licenced to sell: Life, Health, Occupation insurance. I cannot comment on any of the other insurance products. in non-life insurance it starts from 10 % to 15% varies from product to product . On life , it varies from 10 to 40% I tend to agree with Tom Z, however, there are some incentives for production. I have some auto insurance carriers that pay as high as 18% and some home insurance carriers that pay 20%. |
| Tags |
| Renting & Real Estate Personal Finance Investing Insurance Credit Corporations Other - Careers & Employment |
| Related information |
Well, first off, your assumption that they can "deny you any time as they please" is incorrect. Health insurance is a tightly regulated industry with very specific criteria and rules t... Well, that's a pretty big disorder to forget about. "Oops, I forgot I'm a type 1 diabetic", kinda thing. Sorry. It's YOUR mistake, not theirs. Get on that group ... $89 a year for a LPN/LVN ...Good luck on that. Don't quit your day job. ...Check your policy. I think mine wouldn't pay out if I commit suicide within two years of initiating the policy. My policy is really funny. It will pay out $15K if I die, but will pay out ... Maybe nothing. A policy NEVER pays out more than the policy limit, so you're not likely looking at millions here. Plus, you're GOING to have to sue. If you haven't filed suit ... First of all it is cheap and a nice benefit to offer & second, the employee gets the face value but also the employer gets the face value. This is for the costs of training a person to take yo... Ok, now for the real story. 1. If they do not get your insurance reinstated by 12-31, retroactive to 11-1, they have stolen your portion that you have withheld from your pay. 2. Your compan... |
Commerce Categories--Copyright/IP Policy--Contact Webmaster |