Ddes anyone know what the MPI/PMI disb stands for when it is on your mortgage statement ?
Answers: It depends on the product (the agents contract) and how long the client KEEPS the Plan. I am a Captive agent ( I only work for one company) commission rates scale from 23% to 70% in the first year. For renewal years the collection is 7% to 10%.
70% is on small life insurance policies since these are held by the clients the longest and the company single has one payout to be exact hopefully years and years away. It sounds like profoundly but life insurance to be precise in the $20 to $30 dollar gamut still takes the agent two to three hours to prepare and submit including the time spent next to the client to determine what if anything is the right policy for them. The same amount of time is required for a $600 per month health policy paying commision of 23%.
Most Company's own a way of getting the agent most of the first year commision inwardly the first couple months of the policy. A good agent CAN manufacture $50,000 to $100,000 per year but many choose not do the work neccessary to succeed at that plane.
On major medical sale, my commission varies from holder to carrier. Some carrier pay me %20 of the premium for the first year, and consequently %5 after that. Other carriers wage a flat %10. On large group sale the commission ratchets down to as low as %2 of the premium.
Don
http://mtnhealthinsurance.com
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