Is really insurance agent can earn 5k every month?
Is Insurance career suitable to you?, post questions here and water testing
Is Insurance career suitable to you?, post questions here and water testing
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Jul 23 2011, 04:38 AM
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#1
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Senior Member
3,173 posts Joined: Nov 2010 |
Is really insurance agent can earn 5k every month?
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Jul 23 2011, 09:32 AM
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#2
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Senior Member
3,173 posts Joined: Nov 2010 |
QUOTE(michwaka @ Jul 23 2011, 09:12 AM) Yes. Averagely life insurance agents will earn 5k a month after 3 years in the business. (With hard work and be a good follower) So i work 3 yrs then only get 5k? What about during the 3 yrs? How much am i paid?Let's do the maths: For every investment-linked plan sold, an agent earns 20% basic commission. (Very transparent, because nowadays commission disclosure is provided in quotation) Average commission breakdown over 6years: Year 1: 20%, Y2: 20%, Y3: 13.5%, Y4: 18%, Y5: 15%, Y6; 15% So, if customer A bought an insurance plan of $200 premium monthly. $200 x 12mths x 20%=$480yearly commission Assuming 4cases closed a month, in a year 48cases x $200 premium x12mths x 20%=$23,040yearly commission. If consistently perform as this level, after 3 years... Year 1 =$23,040 Year 2 =$23,040 + $23,040 (Y1) Year 3 =$23,040 + $23,040 (Y2) +$15,552 (Y1) Hope this info helps. And of course, it involves hard work, as you are doing your own business. |
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Jul 23 2011, 09:52 AM
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#3
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3,173 posts Joined: Nov 2010 |
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Jul 23 2011, 01:01 PM
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#4
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3,173 posts Joined: Nov 2010 |
U mean the company will pay me $1900 per month as basic then add insurance commission? then after 3 yrs basic go to 5k? wow not bad..
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Jul 23 2011, 08:08 PM
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#5
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Senior Member
3,173 posts Joined: Nov 2010 |
Hi,
If my company already buy insurance for me then its the same as I get my own personal insurance aready right? |
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Jul 23 2011, 09:35 PM
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#6
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Senior Member
3,173 posts Joined: Nov 2010 |
If age 55 only start buy insurance the premium will cost how much per month?
If buy early around age 28-30 then cost how much? |
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Jul 23 2011, 11:19 PM
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#7
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Senior Member
3,173 posts Joined: Nov 2010 |
so if i buy the plan at age 28-30 i will pay rm150 for whole life? wont increase?
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