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Generally, whole life insurance pays a first year agent's commission of 55%; the General Agent then get's an override of appx. 45%, which may or may not be shared with the agent. But keep in mind that the agents commission is not relevant to the descision to buy if the life insurance proposed is the correct answer to the problem!
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What are the requirements for survivorship life insurance?
Survivorship life insurance, also known as second-to-die insurance is a type of insurance, which pays out only when a husband and wife both die, so that the insurance money can be used to pay federal taxes. The requirement obviously is to be married.
What is right of survivorship in insurance?
The pattern of continuing membership in an insurance plan. In a pension plan survivorship includes staying with the employer or organization sponsoring the plan and staying alive.
Where can I get an auto insurance quote in Massachusetts?
Stanton Insurance Agency located in Waltham, is a great place to get an insurance quote in Massachusetts.
Can you be ticketed in Massachusetts for not having your insurance card in the car?
No, there is no such thing an an "insurance card" in Massachusetts. The insurance information is on the registration, you can't get the registration without it.
When was Interstate Insurance Product Regulation Commission created?
Interstate Insurance Product Regulation Commission was created in 2000.
What does net of commission mean?
"Net of commission" basis is where the quoted premium is reduced by an amount proposed to be the insurance agent's (or insurance broker's) commission.
What types of insurance does commerce insurance company offer?
Commerce insurance offers auto insurance, homeowners' insurance, personal umbrella insurance, earthquake and flood insurance, and business insurance. It is based in Massachusetts.
Commission rates of reliance life insurance individual or corporate agents?
Nowaday, Insurance commission rates are what? LIC org.
Who offers auto insurance in Massachusetts?
Arbella Mutual Insurance Co.
What are the rights of an agent in insurance?
An insurance agent has a contract with an insurance company which specifies his rights; but basically an agent has a right to be paid a commission for the insurance that he or she sells.
Is health insurance coverage mandatory in Massachusetts?
Health insurance coverage is mandatory in Massachusetts for anyone over 18 who can find affordable insurance. Those with low income may be eligible for insurance at no cost.
When was Massachusetts Mutual Life Insurance Company created?
Massachusetts Mutual Life Insurance Company was created in 1851.
