Which Companies Pay the Highest Comm's

[Bennyd]

I'm a new broker, Newbie if I may, just started an agency and need help in picking a few companies to sell Accident, Life and possibly health.. I'm a Finance director in car business for last 25 years.. In my business commissions vary, What is considered a fair percentage..

 

[closer86]

Greetings! I am in the process of starting my own insurance company as well. How are things moving so far for you? Any tips would be appreciated!

 

[donamese]

Depends on the product you are looking to sell and whether you are geared towards front or rear loaded commissions. A single premium life policy may be around 8% commission where a final expense policy may be 120% with small renewals. Lots of variables here.

There is also the factor on who will qualify, if the company has strict underwriting but pays 100% and another only pays 80% but looser underwriting then the 80% may be more than the 100%.

It can also vary depending on who you are under, one marketing group may put you at 80% the other may do 110%.