Just wondering about commission rates

Jun 6, 2019

  1. Travis Price
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    I've done very minimal Term insurance.

    I'm wondering, what does an average commission/renewal look like?
     
  2. Baseball7
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    Depends totally on what company you work with.
     
  3. Travis Price
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    That's why I said a good average.. however, I think I found what I was looking for...
     
    Last edited: Jun 6, 2019
  4. pfg1
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    Most companies 80-90% avg on FYC...depending on the company, product, and your production. Most term policies have no renewal. Some offer a tiny one for a short time, but nothing like permanent products.
     
    pfg1, Jun 6, 2019
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  5. Travis Price
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    Thanks, that's about what I found... It's a bit disappointing. I don't really want to sell FE. I wanted to do a simple term product, but the comm is kind of lackluster. I mean, premiums would need to be over 50 a month to get me excited.
     
  6. LostDollar
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    If you did enough of them, could you look at it as a long term medicare feeder list, building your own T65 list?
     
  7. Travis Price
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    That's absolutely true... It would definitely be a "side" project for me.
     
  8. Baseball7
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    What’s wrong with Final Expense
     
  9. billyb
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    At one time I sold term insurance nationwide. Back then you could buy a true exclusive lead at a decent price. You wouldn't think a 65 year old farmer in Montana would buy a $5M policy from an agent in FL that he never met, but he did. Sold many large premium cases.

    Now you can't get a decent lead so I don't target that market. Still work my book and sell quite a few. Placed a $30,000AP in February. Had a contractor with a $500,000 policy call me yesterday about converting. One client wants to sell his policy so I am getting offers. Always money to be made, but no renewals.
     
    billyb, Jun 6, 2019
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  10. Travis Price
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    Nothing. I just don't want to do it.
     
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