How much do top insurance agents make?
Insurance Sales Agents made a median salary of $50,6. The best-paid 25 percent made $77,930 that year, while the lowest-paid 25 percent made $36,040.
How much does an independent insurance agent make?
The average Independent Insurance Agent salary ranges from approximately $32,761 per year for Insurance Producer to $86,621 per year for Sales Manager. Average Independent Insurance Agent hourly pay ranges from approximately $11.00 per hour for Administrative Assistant to $13.50 per hour for Phone Operator.
How much does an insurance agent make on a whole life policy?
Commissions vary by policy and company, but life insurance agents often receive 80% to 100% of the first year’s policy premium as commission. Assuming the policyholder continues to pay premiums, agents typically continue to collect smaller commissions in subsequent years.
How are health insurance agents paid?
Health insurance brokers are paid commissions from health insurance companies. The remaining 20 percent can be spent on administrative costs, marketing and other expenses, like broker commissions. Most insurers pay brokers a set percentage of the premium paid, however some pay a flat fee per policyholder.
What does a licensed health insurance agent do?
A licensed health insurance agent is your personal shopper. And he or she brings insurance expertise to the task. Health insurance brokers and agents who are certified by the exchanges can also explain plan details and help consumers determine subsidy or Medicaid eligibility.
How much does independent health insurance cost?
Group Health Insurance Cost vs. Individual Health Insurance CostIndividual Health InsuranceGroup Health InsuranceSelf Only$388/month$574/monthFamily$1,520/month$1,634/month