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The Direct and Corporate Agents who sell life insurance policies on behalf of the Insurance Companies are paid a certain percentage of commission(quantum already settled before) on the premium amount. In the case of single premium policies, commission is paid once and at a lower rate, whereas in conventional policies the commission is paid on premiums paid on every mode and at a bit higher rate.

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โˆ™ 2012-07-14 04:30:09
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Q: How do you get paid selling life insurance?
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Related questions

Which companies specialise in the selling of life insurance?

New York Life and MetLife are two companies that specialize in the selling of life insurance. Prudential, AAA, Geico, and AARP also sell life insurance policies.


Can a paid up life insurance be paid up?

yes


What is a paid up insurance policy?

A paid up insurance policy is a life insurance policy under which all life insurance premiums have already been paid, with no further premium payments due on the policy.


What is the difference between life insurance premium and non life insurance premium?

An insurance premium is the amount of money paid on a periodic basis for insurance of a given kind. The kind of insurance involved does not alter the definition of the term "premium". Therefore, a life insurance premium is an incremental amount paid for life insurance, and a non-life insurance premium is an incremental amount paid for another kind of insurance.


How much tax is paid by a beneficiary of a life insurance?

A life insurance payout is not taxed.


What is the benefit of buy term insurance?

The benefit of term life insurance is that once the life insurance is completely paid off, then the monthly premium are paid off by the dividends. People can also borrow from their life insurance.


What do highest paid insurance brokers earn?

Much of what insurance brokers earn is based on what type of insurance they are selling. Some of the large companies' (New York Life, Northwestern Mutual) top producers earn upward of $2 million dollars per year selling insurance and financial planning services.


What is Paid up value?

If you are talking about Life Insurance, Paid Up, means the Life Insurance no longer needs Premiums paid as it is all paid up to sustane the policy for the duration chosen.


How do you find out if a life insurance policy benefit has been paid?

has life insurance benefits been paid : group life insurance policy #4600 certificate #8525 Name William C Morgan


When is your life insurance fully paid?

A life insurance policy becomes "fully paid up" when the company tells you no more premium payments are due.


What are the dividends paid on life insurance policies considered to be?

The dividends paid on life insurance policies by the insurer are called reversionary bonus which varies yoy.


What are dividends paid on life insurance policies considered to be?

The dividends paid on life insurance policies by the insurer are called reversionary bonus which varies yoy.

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