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It depends on the type of insurance? Yes, it depends on the type of insurance. Life insurance generally pays a first year commission of 50% of the annual premium, to the writing agent, and a trail renewal of 5% each year for the next 9 years. Disability insurance generally pays a 40% commission the first year . Car insurance pays a 15% commission, etc. So, as you can see, the agent's compensation varies, depending upon the type of insurance written.
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How do you get insurance money?
Insurance money is paid when you make a valid claim against the policy and can prove why the situation falls under the terms of the policy---whether it is Life Insurance, Car Insurance, Accident Insurance, Travel Insurance, etc. Call the Insurance Company for exact details.
Who is the owner og a life insurance policy?
The owners name is listed on the life insurance application unless it was changed at some point. Any change was also mailed to the policy owner and should be added to the policy. Only the owner can make changes to the policy.
How can one determine the cash surrender value of a life insurance policy?
The best way to determine the cash surrender value of a life insurance policy is to talk to the local insurance agent or call the insurance company direct. This can make the premiums go up however.
Your home insurance was not paid by the mortgage bank last month The insurance policy has been cancelled Does the bank have to insure you now?
The bank must make payments of these items from the account on time, if you kept an escrow account with the bank and carried out regular deposits for the taxes and insurance payment. If the bank does not pay the insurance premium on time and the insurance policy is cancelled, the bank must either get in touch with the insurance company and make them reinstate the policy, or buy a policy with another company. Nevertheless, within this time you keep being liable for continuing the insurance payment through your escrow account.
You are a beneficiary of a life insurance policy which is in an irrevocable trust your step mother left instructions that you are not to receive any money from it can she do that?
Your step mother can only change the beneficiary on the life insurance policy if she is the owner of the policy or if she is the trustee of the trust. If she's the trustee then she would need to have the authority to make changes on the insurance policy set forth in the trust document. Otherwise, she cannot make changes in the policy. You haven't provided enough information for a more detailed answer such as who owns the policy and where your step mother "left" those instructions or how she is involved at all.
How much does an insurance csr make?
A car insurance salesman can make 50,000 dollars and up every year. They usually make commission on top of this.
Working As An Insurance Salesman?
If you are wondering about becoming an Insurance Salesman, it is definitely a good business to get into. People need insurance of all types, and being a salesman can be very lucrative. Salaries for Insurance Salesman often include commission bonuses based on the number of sales you have. The key to being a successful Insurance Salesman is to be honest, knowledgeable, and appear professional.Honesty Is ImportantIf you are honest with your clients about products, then they will be more likely to buy insurance from you. Misleading potential clients about the cost of certain insurance products, such as life insurance, will only hurt your business with them. In the insurance business, many people will buy all their products from one agent to make the process easier for them. If you are dishonest, you will loose all their potential business, as well as anyone else who the clients will talk to. That is why you need to make sure you are offering detailed information about what a policy covers and how much those policies will cost a person.Know Your InsuranceAs an Insurance Salesman, you will be responsible for selling all types of insurance. This can include auto policies, health insurance, life or whole life insurance, and even home or flood protection. You will have to know what each policy covers and all the details of these policies. Your clients will likely have many questions about the products that they are considering purchasing. For instance, if you are selling health insurance, your client will want to know about deductibles, co-pays, and other out of pocket costs. If you are unsure about any part of a policy, it would be better for you to ask a co-worker or supervisor for clarification and answer all questions a client has as soon as possible.Look and Act ProfessionalAs an Insurance Salesman, you will need to appear professional. This includes dressing nicely in a suit or a dress. Also, you should act professionally while around clients and in the office. People are more likely to trust a knowledgeable professional than someone who does not appear to know what they are talking about.
What are the Advantages of general insurance policy?
An insurance policy gives you peace of mind. If you get sick, the insurance policy will help make sure you are able to pay your medical bills.
What is the person that buys the insurance policy called?
The person that buys the insurance policy is referred to as the policy owner. This person is the only one that can make changes to the policy or cancel it. However, there may be more than one policy owner for the same insurance policy.
My partner died and left an insurance policy but didnt make a will i had 3 children with her am i entilted to her insurance money?
Not unless you are named on the policy.
Is it best for your dependent daughter to have her own auto insurance policy or add her to your policy?
Add her to your policy, but make her understand this is to help her out, and if she behaves irresponsibly, she on her own for insurance coverage .
What is a good insurance for a poor driver in CA?
In California, there is a statewide reduced liability insurance policy to help make insurance more affordable to those who are in poverty. You can find this policy at any insurance company.
Is a signature reuired to change the beneficiary on a blanket life insurance policy?
Yes. A signature is required to make any changes in a life insurance policy.
What kind of coverage will you get with progressive auto insurance?
Progressive auto insurance is a well respected nationwide insurance provider. You will most likely receive quite comprehensive coverage but you should check the details of each specific policy to make certain.
Can the beneficiary see a copy of the life insurance policy of a deceased parent?
Contact the insurance company for information on how to make your claim and ask if they can supply a copy of the policy.
How do you get insurance money?
Insurance money is paid when you make a valid claim against the policy and can prove why the situation falls under the terms of the policy---whether it is Life Insurance, Car Insurance, Accident Insurance, Travel Insurance, etc. Call the Insurance Company for exact details.
What type of policy is a certainty that the insurance company will have to make payment?
None.
