 Problems with Primerica life Insurance? |
| Has anyone dealt with Primerica life Insurance Company before? I canceled my policy 2 months ago and they wont stop taking money from my account and now the bank has shut my account down due to ... |
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 Is it possible to insure a grandparent with health issues? |
| My grandmother has some health issues and no life insurance. My uncle and mother have made poor financial decisions with their lives and I know that when the time comes, there will not be adequate ... |
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 Life insurance: denied for too much coverage?? |
| I wanted to buy $50k policy on my 78 y/o mother for final expenses and debts. My insurance guy said that his company (Prudential) may denied the application, not because of her health but because:<... |
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 Insurance rate question? |
| why do insurance rates go up if you do not have continuous coverage over the last 3 years yet you have no accidents or ... |
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 If an insurance company sends me to court am i responsible for court and judges fee? |
| An insurance company send me a letter saying that if i dont pay the damages to another car that i crashed they will take me to court, that i have to pay for the court and the judge plus interest for ... |
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 Payment protection Insurance? |
| We took out a large loan, & at the time took out a payment protection insurance. We were just told that it would cover us if we were ill; or out of work.. We have just applied to cancel this ... |
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 Please help me find homeowners' insurance that will cover my dog.? |
| My two dogs were involved in a fight with another dog last year. All three dogs were bitten, and my homeowners' insurance paid out a claim. They have now sent a notice of non-renewal and I am ... |
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 How long can you go without paying your monthly health insurance bill on time? |
| I will need to pay my Blue Cross Blue Shield monthy insurance bill Friday but I was hoping I could go another week until i get paid again then i coudl pay it off. I just hope I am not penalized.... |
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 Household accidental damage insurance? |
| Hey, I've broke my laptop and I think I cam claim on my house insurance, do they replace the laptop with something similar or will they let me choose something that is the same price as my ... |
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| Why aig has bankrupted? |
| i m asking abt AIG amarica.... |
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 Do you have to file an insurance claim if the person on your own policy vandalized your car ? |
| To start off my vehicle is under me and my ex's name. I have an insurance policy with my car and his car in the policy. So last night my ex completly went psycho and smashed my front car window ... |
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| Travel insurance? |
| I have just got back from china. Whilst I was there I had my bag stolen which had clothes,shoes,etc. I purchased travel insurance before traveling and am covered for upto £2500 which is plenty to ... |
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 LAWYERS--Who's responsible for this stolen property? |
| My husbands roofing company was doing a three day roof job. They came back to work the second day and found that someone had stolen $600 worth of shingles off of the homeowners property. And you ... |
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 Can I cash an auto insurance check written out to my leinholder and myself? |
| I got in a small accident and was issued a check from my insurance co. My family is really short on cash right now and we were thinking the best thing to do is leave the damage on the vehicle and ... |
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 Health Insurance: How Much Will COBRA cost me? |
| I'm not one who likes working for others, and I'm getting enrolled in my company's health insurance. It's only for me, and they'll wind up deducting like $160 per month from ... |
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melraddatz0430 | How much money does an insurance agent make? |
I might be taking a job as an insurance agent for farmers insurance and I was just wondering if anyone knew what an agent made on average. I am just starting out and I don't even have a license yet, but i am assuming I would be getting one through the company. |
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Richard H
 |
most are on commission. that means that you get a portion of your sales as your income. Different companies pay different commission rates, and some have graduated commission rates - the more policies you sell, the more money you make - an example of that is below
for the first thousand policies you sell, you get 5 % commission
for the next thousand 7 %
for the next thousand 8.5 %.
These numbers are completely made up; you should seriously consult the company you are considering working for to check their commission schedule and rates.
Some insurance companies have what are called "exclusive" agents, which means that if they work for that company, the agents only sell that companies products. Other insurance companies work with independent agencies, which means that the agency can represent multiple companies and help the customer to find the best deals from among the multiple companies the agent represents.
Both of my parents are insurance agents at an independent insurance agency in Marin County, California, near San Francisco. |
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Rob D
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As a career agent, most companies will subsidize you for your first three years, subject to production requirements. In most states, it is regulated as to how much they can subsidize. In Texas, it's around $50,000 to 60,000 over three years (in addition to commissions earned).
Typically, you can expect about $25,000 to $40,000 your first year if you are successful. Most are not. I have also seen a number of first-year agents earn $80K plus. As a veteran agent, it is quite feasible to earn a high-six figure or even seven-figure income.
I'm writing all of this assuming you are signing a career contract and acting as a statutory employer for the company. If you are a broker, you receive only commissions. Broker commissions are typically about 50 - 100% higher than agent commissions, but you will pay self-employment tax and have no benefits nor income subsidies. |
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mbrcatz
 |
For your first year, if you make it through the year, about $40,000. With no license, and no sales experience, well, lots of luck. It's damn hard to finish out the year. Maybe 5% of agents do. |
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Warrior
|
It is generally commissioned base. You might reconsider the company you want to be an agent for. See this page about Farmers Insurance
http://www.farmersinsurancegroupsucks.com/farmersinsurance_agent_employee.htm
Allstate is said to be the most litigated company.
You may consider going independent. Continue to ask questions and seek help from others who have been there.
Good luck! |
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NY1Krr
 |
usually there is a small base salary (which you have to pay back in commission) and then a split between you and the owner of the agency. For example. If your split is 40% you and 60% agency owner and you write a policy where the commission is $1000 then you would get $400. That $400 would pay back your base salary until you have basically paid back your salary. Any commission you make over that is all yours. As long as you maintain your book of business you only need to build up enough business to pay back your base salary once.
So... The first few years you wont make too much money but once you have have established a book of business (if your good) you will be making good money. On average, good brokers (who sell commercial insurance) make 6 figures and up. |
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529s.com
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Are you going to have your own agency or be a subproducer for an agent? This is a commission career. The more you sell, the more you can make. |
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