 Have you screwed up more than me? |
| I wrecked my car twice in 1 year, that sucks, 2000 ford mustang GT, hot rodding is not wise people, what should I do, I have a job but deductibles, and insurance have eaten me up within the last 12 ... |
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 Neighbor's gigantic tree falls on my garage. In PA.? |
know this.
My insurance company will pay for the damage to my garage.
Who pays for the removal of the tree?
They say it is an "Act of God" so the person who'... |
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 How safe are Aig annunitys .They are not Fdic insured? |
| My wife and I each have AIG annuitys .They are not FDIC insured. How safe are they . Can they be rolled over to a FDIC insured fund?... |
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My insurance covered my orthodontics as a teen.
They covered all routine dental work.
They covered a procedure in which I had a baby tooth pulled, because there was no adult tooth ... |
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| I retired from my job at 65. After my retirement my company "kicked out" our two dependent children from the company health plan. Both children are at this time still covered under COBRA. <... |
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| I just got started in commercial insurance, property & casualty, risk management, workers comp, etc. I have been told I need to find a niche to specialize in and go after it. My goal obviously is ... |
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 Does Home Insurance cover vandalaism to a car ? |
| Someone threw a bunch of salt into the gas tank of my 89 chevy van. Found this out since the van wouldn't start. Spent a bunch to have it flushed, got pump, filter replaced. Now have a cap with ... |
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 Question about car wreck & medical bills?!?!? |
| If your in a car accident and paramedics come and ask you if you want to be taking to the hospital and you refuse and then they said they dont think you are not of sound mind because of the wreck and ... |
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 Insurance company question? |
| if a person has auto insurance for $100,000 and he hits someone and they have broken bones and the person they hit wants more than $100,000 for pain and suffering, how could the person get more money ... |
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| I would like to buy a trailer and rent it out. I am particular about tenants and I take care of my property. Insurance companies frown on rentals. Why is this when the landlord also wants to have ... |
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 Can a Insurance Company make you put a new roof on, even if there is still life on the existing roof? |
| Our insurance company already insured us, then there inspector came out and said we had to put a new roof on, there was no problems no leaks or anything. Now all of a sudden we have to fork out $2,000... |
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 I am looking at working with primerica? |
| They say you need 199 to start plus licensing fees. They say you can make 100K in the first year or earlier. They alo say you can recruit people and make a ton of money of of them. They also say you ... |
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| After some damage in my rented apartment, I called my broker (first time in 14 years) to make a claim. After a lot of talking, he says the insurer cannot help me. I contacted the insurer directly and ... |
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 If your insurance company turns you down for a procedure that has been approved by the FDA, what r options? |
| I have been rejected twice by my insurance company to have a vns implant implanted for treatment resistant depression. The treatment is FDA approved for treatment resistant depression, but the ... |
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 I have Medicaid, do I need some other kind of health insurance besides the Medicaid? |
| I have Medicaid health insurance(haven't used it yet), but read somewhere that it doesn't cover much? Do you know of any affordable health insurance I can also get-don't have much ... |
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Linda S | If I sell a $1000 auto policy and my commission rate is 25%, does that mean I get $250? |
I have my P&C insurance license and a potential employer told me my commission rate will be 25%. I'm new to the industry and I don't know how the commission works.
So, if I sell a $1000 auto policy and my commission rate is 25%, does that mean I get $250? Is it all at once or what? I'm getting hourly+25% commission. |
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james m
|
Will your contract be a direct contract, or will you be working for an established agency?
If you are contemplating working for an agency, I believe that in addition to your salary, you would get 25% of the commission. So, if the policy premium was $1000, and the commission was 15%, you would get 25% of that, or $37.50.
$1000 X 15% = $150.00 X 25% = $37.50
Twenty-five percent on an auto policy would be pie in the sky.
But, if your potential employer is Allstate, and they are contracting you as their agent, they have a plan for new agents that could pay 25% commission your first year, then decreasing commissions over a three or five? year period as your agency grows. |
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mbrcatz
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OK, I"m pretty sure he means, you keep 25% of the COMMISSION on the policy. Because there's NO COMPANY that pays 25% commission on auo policies.
That $1,000 auto policy is going to pay MAYBE 15% commission - at best. At worst, 8%, depending on the carrier. That means $150, at best. Then you'd keep 25% of it - $38 or some such. |
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Cadillacman
 |
The commission is 25% of the premium amount, not 25% of the policy amount.. Whether it's all at once, or in installments depends upon what kind of agreement you have with the company.
Don't be hesitant to ask these question of your employer. For your own protection, you should understand how your compensation is figured. |
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Jennifer
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No. You have to take into the account that the company you work for has to get commission too. And you would get a percentage of that.
And first of all, 25% commission is a too-good-to-be-true deal. Get it in writing. Most carriers pay a "new" business commission, anywhere from 5-20% (to the agency, which you have to share) and then they pay a lower "renewal" commission. Get more information on how they pay commission, and what type of business you get it for. |
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Cody S
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Just like they siad you will not make tha tmuch, i work for a brokerage that on auto commision makes a little less then that and i get a small chunk of it for my commision. I also have a salary so it is a little more secure. If you want to make good money get a total sale so AUTO,HOME, ETC. Home will pay much better percentage. Just hangin insurance isnt a get rich quick job but you will always go up in wage and that is a comfort at night. |
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Darn Dave
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Ask your manager. |
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