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In Reply to: Re: What is the commission for an agent? posted by Agent on April 17, 2007 at 10:42:23:
The agent works for Clarica in Canada. Do you know the agent fee? I guess it si 100% of the first year's commision and x% of the commission on the years thereafter.
: 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?