August 21st, 2010 | 
Author: 
ERIK asked:
I know the amount can very significantly but I am just want to know what the average commission is. I’ve heard anywhere from $600 to $1000. But not if one is Term or whole life.
Billy Cotsis
I know the amount can very significantly but I am just want to know what the average commission is. I’ve heard anywhere from $600 to $1000. But not if one is Term or whole life.
Billy Cotsis
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there is no way to answer that….it varies by state and company. some companies actually pay more than 100% of the 1st year premium and then nothing else (i’ve seen up to 120%.) in places like NY the commission is 50-75% and then 1-3% per year.
For 100 year about 95 of the annual premium continuing about 95 of the annual premium so your question isnt answerable in dollars you.
For permanent policies the premiums are bigger hence bigger commisions this is why insurance salesman push them so hard with variable products you also get trailers.
The investment accounts.