0
What is the maximum number of life insurance agents that can split a sales commission?
Wiki User
∙ 15y ago
== == That would depend on the company the agent is working for.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Why are there so many different insurance agents?
There are a number of various insurance agents because there is a number of various kinds of insurance. For instance, there are insurance agents for life insurance while there are also insurance agents for automobile insurance.
How do life insurance agents get paid?
Life insurance agents typically earn commission on the policies they sell, ranging from 5% to 35% of the premium. They may also receive bonuses from their employer or from the insurance company for selling a certain number of policies. In addition, some life insurance agents may receive additional compensation for services such as training and assisting new agents.
Number of insurance agents in us?
434,800 in 2008
What is the difference between insurance agents and brokers?
An insurance broker differs from an insurance agent in that a broker is considered an agent of the Insured even though he or she may receive a commission from the insurance company A broker may sell the products of a number of insurers whereas an insurance agent has the Insurer as his principal and works in the interest of the Insurer and not the Insured
What is the number of insurance agents by state?
there is no limit there can be millions in 1 state
What do agents and brokers do?
Often called functional middlemen, agents and brokers perform a limited number of services in exchange for a commission that is based on the selling price.
Where can you find a Geico insurance agent in Dallas Texas?
Geico does not have Agents. there is no such thing as a Geico Insurance Agent. Geico sells insurance direct via an 1-800 number out of Florida. They are a "Direct Seller", they don't use insurance agents at all. They do have a claims servicing center in Dallas Texas but no agents anywhere.
Are insurance recruiters in demand?
Insurance recruiters always seem to be in demand. The problem with this, however, is that insurance recruiters generally work off of commission and with the economy the way it is, the number of people purchasing insurance is decreasing.
What is an Insurance Sales Agent?
What Is an Insurance Sales Agent?Insurance sales agents act as a liaison between the insurance companies and individuals seeking insurance coverage. These agents are responsible for helping people find the best coverage for their needs and financial situation. Types of insurance sold by insurance agents include life, property and casualty, health, auto and disability. Some sales agents work solely for one insurance company, while others work independently and sell coverage for multiple companies.In response to increasing competition within the industry, some insurance sales agents are now providing risk management and financial advice to their customers. These types of services include retirement and estate planning.SalaryAccording to the Bureau of Labor Statistics, the median annual salary for an insurance sales agent is approximately $45,000. Generally, salaries are comprised of a base payment, commissions and bonuses. Commissions are generated by the volume of sales, type of insurance sold and whether the sale is a renewal or a new sale. Some independent agents work on a commission-only basis.Most agents can expect to receive some additional job perks. Many companies provide continuing education, office space and administrative support services. Some companies also pay for marketing, transportation and promotions. Generally, these perks do not apply to independent agents; however, independent agents can expect a higher commission to compensate for these expenses.Job RequirementsThere is no specific background needed to become an insurance sales agent, but many agents hold a bachelor’s degree in a related field such as business, finance or economics. Good candidates for employment in the industry exhibit strong sales techniques and communication skills.Prior to beginning work as an insurance sales agent, all employees must obtain a license from the state where they plan to work. Generally, these licenses are granted following required coursework and exams. Most states require updated training every two years to maintain certification.Job GrowthThe number of employment opportunities for insurance sales agents is expected to increase by 12% from 2008 to 2018. The demand for agents that sell insurance for a single company is expected to decrease as the insurance companies cut costs and depend more on independent agents.
What are advantages of term life insurance?
Term life insurance is the simplest form of life insurance. It was developed to provide temporary life insurance protection on a limited budget to the maximum number of people.
What are the advantages of Term life insurance?
Term life insurance is the simplest form of life insurance. It was developed to provide temporary life insurance protection on a limited budget to the maximum number of people.
Is there an out of pocket maximum for dental insurance?
It depends on the type of insurance that is right for you. How much you would like to pay a month, deductible, number of member in your plan.
