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Insurance agent commission - Revealing how much I earned in my first year selling insurance
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Revealing every dollar of my insurance agent commission during my first year!! I joined as an insurance agent in 2009 and was 100% commission based. Wasn't the most hardworking agent but I was selling savings plans and ILPs which have high commissions. How much did I earn?!
The term “tied agent” is quite literal! Tied agents find it very difficult to leave because their commissions will be lost when they do. This results in most tied agents just resigning to fate even though quite a few of them know they and their clients would be better off if they were not tied to the insurer.
I had to give up a lot of recurring commissions to leave the tied agency I was in, and it was a painful but necessary decision.
Chapters:
00:00 - Intro!!
00:57 - Commission schedule
01:22 - June to August 2009 - Starting out
04:06 - Rest of 2009 - Pretty good!
06:51 - First half of 2010 - Time to go?
08:37 - Second half of 2010 - Collecting recurring
09:52 - Why it is difficult for agents to quit
10:59 - Outro!!
The term “tied agent” is quite literal! Tied agents find it very difficult to leave because their commissions will be lost when they do. This results in most tied agents just resigning to fate even though quite a few of them know they and their clients would be better off if they were not tied to the insurer.
I had to give up a lot of recurring commissions to leave the tied agency I was in, and it was a painful but necessary decision.
Chapters:
00:00 - Intro!!
00:57 - Commission schedule
01:22 - June to August 2009 - Starting out
04:06 - Rest of 2009 - Pretty good!
06:51 - First half of 2010 - Time to go?
08:37 - Second half of 2010 - Collecting recurring
09:52 - Why it is difficult for agents to quit
10:59 - Outro!!
Insurance agent commission - Revealing how much I earned in my first year selling insurance
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