by stevezbpo » Sun Nov 29, 2009 02:09 am
Hello,
I am thinking about a career in insurance and was trying to decide if I should go after the Commercial P&C business or the Personal life and Health. Which route as a general rule makes more money? I was told by one P&C Agency that new agents start out at 10% of the company gross commission. Is that typical? Do Life agents usually get more $$ on a per sale basis? Can anyone give me some real world advice?
Thanks in advance.
SteveZ
I am thinking about a career in insurance and was trying to decide if I should go after the Commercial P&C business or the Personal life and Health. Which route as a general rule makes more money? I was told by one P&C Agency that new agents start out at 10% of the company gross commission. Is that typical? Do Life agents usually get more $$ on a per sale basis? Can anyone give me some real world advice?
Thanks in advance.
SteveZ
Posted: Sun Aug 01, 2010 02:28 am Post Subject:
When I wrote about the CA legislature's consideration of revoking authority for disability insurance from the F&C license, it was to explain that the intent is to force those who would want to transact health and long-term care to obtain the Accident & Health license in addition to their F&C license.
See AB 2782 - 2010 Insurance Licensing Omnibus Bill. Not only will this bill, in its present form, revoke accident and health authority from Fire & Casualty Broker-Agents, but a separate provision seeks to divide the F&C license into separate property and casualty licenses (notwithstanding the CDI's belief that applicants for the F&C license will not apply for one without the other).
I think it's partially a revenue grab by the Legislature in view of the CDI's ability to reduce licensing fees in the four years Steve Poizner has been Commissioner and worked hard to streamline and modernize the Department. My hat's off to him for this, and I'm sorry he chose to challenge Meg Whitman instead of taking his second term as Commissioner.
He could have waited until she failed in office to challenge her, and would have stood a better chance than throwing his personal $20,000,000 at her $65,000,000 toward the primary this past June. A ridiculous amount of money to gain the position of governor over the most ungovernable state in the Union. (Actually, the unions have a lot to do with it.)
Posted: Tue Oct 12, 2010 02:09 pm Post Subject: Renter,s insurance
I am trying to find a company in Georgia that will allow independent agents to sell renter,s insurance.
Posted: Tue Oct 12, 2010 06:33 pm Post Subject:
A renter's policy (HO4) is a standard property and casualty policy. If you have a P&C license, any company that offers HO4 policies that is willing to appoint you as their agent answers your question.
Posted: Wed Jul 06, 2011 07:46 pm Post Subject: Insurance and School
Hello, I am currently finishing up my final year of my Bachelors in Business Management. I want to go into insurance and I was wondering what things I should be doing right now that would benefit me for when I finish college next year. Any help is greatly appreciated.
Thanks
Posted: Fri Jul 08, 2011 01:27 pm Post Subject:
If you will go for life insurance then you will be able to earn more money as the commission over there is higher then that of in health insurance and commercial insurance.
Posted: Fri Jul 08, 2011 07:36 pm Post Subject:
Life insurance commission percentages may be higher, but it's usually a one-time payment. Health insurance and commercial insurance pay renewal commissions, which can be for as long as the business remains on the books. A large book of business will provide a continuous flow of income on its own. Life insurance income requires a constant flow of new business applications to provide that income.
Posted: Mon Sep 10, 2012 10:46 am Post Subject:
"A career in life insurance is rewarding. You can help people and fulfill their financial goals. You can also join it as a life insurance adviser where you will have the freedom to work on your own terms. "
Posted: Mon Jan 28, 2013 03:35 am Post Subject: I ave both p &c and life, helth accident license of new
I have PC borker license and life health license what can I do to ake money, I am really co fused and with lot of degree and licenses donot knw he to make money
Posted: Mon Jan 28, 2013 09:00 am Post Subject:
Really?
How did you find out there were insurance producer licenses available? What was your motivation to obtain them?
You spent the time and money to obtain insurance producer licenses and now you are confused and you don't know what the purpose of that was?
You need to find an insurance company to work for or a local agency willing to train you in sales. Maybe that will help. You can try Allstate, Farmers, State Farm.
Posted: Mon Jan 28, 2013 09:40 am Post Subject:
You can make money with all of the above, depends on which one you stick to.
Selling life insurance policies can be more profitable than selling health or P&C. Though you won't get much for the renewals, the upfront shares are more.
The upfront income might not be much for P&C, but with time, it ensures better scope of earning during renewals and as it grows stable. Selling policies to business and commercial properties can lead to a steady income.
Heath is more or less similar to P&C, and the upcoming laws and exchanges make selling health care policies all the more confusing. I would say selling group policies ensures better scope for earning than individual plans.
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