Apr 9, 2015 #1 R rigal301 New Member 4 As a captive agent, what would be the least minimum of base salary that one should accept and what's the least percentage one should accept in commission's. Thank you very much for your assistance.
As a captive agent, what would be the least minimum of base salary that one should accept and what's the least percentage one should accept in commission's. Thank you very much for your assistance.
Apr 9, 2015 #2 insurance1822 Guru 1000 Post Club 1,581 1.) Don't work for a captive unless you're JUST starting out & have a 2 year exit strategy. 2.) If you're worrying about salary, this business isn't for you. 3.) Captive producer's in my area who are mostly salary + commission are probably making around $30,000 on average. Their income will never go up. 4.) Commission only w/ renewals will obviously earn more in the later years.
1.) Don't work for a captive unless you're JUST starting out & have a 2 year exit strategy. 2.) If you're worrying about salary, this business isn't for you. 3.) Captive producer's in my area who are mostly salary + commission are probably making around $30,000 on average. Their income will never go up. 4.) Commission only w/ renewals will obviously earn more in the later years.