I want to become an LIC agent, please tell what kind of commissions I can expect from the plans I sell and does this depend on the kind of plan I sell eg. term Plan or Endowment plan.
Please reply fast I need that money for my saving my daughters life.Every reply will atleast gurantee you some blessings from me and my family.
2007-02-04 01:37:44 · 2 answers · asked by rahul a 1 in Business & Finance ➔ Insurance
If you are in need of a job, that allows you to work from home and make some good money...it is health care related...I can def. offer some help! :) The commission is great and the product def. helps people...that is the best part
I found a company that offers a discount card for medical, dental and vision. It is totally cool! It's not expensive at all...very reasonable less then 70 per month and you get a deep discount on like doc visits etc...It's not an insurance plan, but a discount program like a grocey store scan card...aarp offers coming similar to the senior citzen crowd...but I doubt ur in that age group!!!! LET me know if your interested....I have actually started working for the company...I thought it was so great!....email me....j.rehm@jillrehm.com if your interested...You and your daughter are in my thoughts and prayers!
GOOD LUCK hope to hear from you! - JILL
2007-02-11 18:50:29 · answer #1 · answered by a a a a 3 · 0⤊ 0⤋
Commissions can vary widely, based on the type product, the carrier, and the compensation contract of the agent.
Career agents are those who are directly sponsored by a specific company. They are under contract to sell their sponsoring company's products, either exclusively, or having minimum sales quotas. In return, these agents are what are termed "statutory employees" by the IRS; they are technically self-employed, but have benefits, retirement plans, training, administrative support, and often income subsidies from the sponsoring company. In return, they receive relatively low commissions. For life insurance, about 40-60% of first year premium and extremely little or nothing for policy renewals.
Independent agents, or brokers, often get paid as much as 70-120% of first year commissions, and a small but significant commission on renewals.
2007-02-04 16:58:00 · answer #2 · answered by Rob D 5 · 0⤊ 0⤋