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How much does insurance salesman make off health insurance policy?
Wiki User
∙ 15y ago
It really depends on the company. Usually very little. They might make as much as 10% at the initial sale, then as little as 3% at renewal. If you are asking because you think this might be the reason for health insurance rates being so high, it isn't. Also, if you are asking because you want to buy "direct" and "cut out the middle man," this is a myth. There is always an agent and always a commission paid; it is the law.
Wiki User
∙ 15y ago
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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.
Know Your Waiting Period For New Health Insurance Coverage?
Buying health insurance online can often make policies much less expensive, which makes the Internet a great tool for health insurance buyers who are looking for more coverage. However, be careful when buying additional health insurance coverage. Check for a waiting period on your policy. This is a period that you'll have to wait before your new coverage becomes active, so it's a very important part of any new policy. Knowing your waiting period can make it easier to assess the overall value of your new health insurance coverage and make buying medical insurance a simpler process down the line.
Is it beneficial to have temporary medical insurance?
"The only beneftis of a temporary medical insurance policy would be for a health individual and/or someone who does not have a chronic illness. It is a great way to not get locked down into a monthly payment you do not have to make, but if you need health insurance it is almost a scam."
Do you believe that my insurance agent would be the best person to call regarding my health insurance policy and an accident that I recently had?
If you have an independent agent for your health insurance, they would be best to talk to. They can review your coverage with you, and make sure you are getting the best possible coverage for you.
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.
Where can you get health insurance?
Hi Most health insurance providers sell policies online. Infact buying health insurance policy online is the most convenient and rational way to purchase health insurance. When you buy online health insurance you have the liberty to compare policies of same as well as different health insurance providers and then accordingly make an informed decision.
Is physical therapy covered by health insurance plans?
Yes, physical therapy is covered by many insurance plans. You need to check your specific policy, though, to make sure that you are covered.
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 .
If you are a passenger in an uninsured driver's vehicle does that mean that you are not covered either if he has an accident?
If you mean are your medical bills covered -- and assuming your state requires medical coverage on auto insurance policies -- then, no, you wouldn't be covered by any policy of the driver's since, of course, no policy exists. However, if you have your own auto policy, that policy would then become primary. After that, your health insurance would be primary. Unfortunately for the uninsured driver, if you do have to go through your own health insurance, there's a big possibility that they will go after the driver for any payments they make, particularly if a driver is legally required to carry auto insurance in your state (again, insurance that included medical coverage).
