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In Reply to: What is the commission for an agent? posted by Ashley on March 16, 2007 at 23:13:31:
Ashley
Depending on where your agent worked (or if he was independent), he probably made 50-100% of the first years commission, then 1-8% of the commission on the years thereafter.
The "high commission" from universal life is due to the high premiums, since it's far more expensive than term.
Agent
: I know that an insurance agent is paid by commission.
: I just bought term insurance for 10 years. I wonder what commission my agent receives.
: I heard that universal life insurance agent gets very high commission. Do you know how it is done?