Hey insurance forum,
I am just starting out on my own and received a commission schedule for pre-need insurance sales that shows the following for single & 1 year pay plans:
Age 50: 14.72%
Ages 51-55: 13.80%
Ages 56-60: 13.62%
Ages 61-70: 12.43%
Ages 71-75: 8.28%
Ages 76-80: 7.18%
Ages 81-85: 3.86%
3, 5, and 10 year plans yield much higher commissions (20-25%)
Does this seem below, at, or below average? Any advice is appreciated
I am just starting out on my own and received a commission schedule for pre-need insurance sales that shows the following for single & 1 year pay plans:
Age 50: 14.72%
Ages 51-55: 13.80%
Ages 56-60: 13.62%
Ages 61-70: 12.43%
Ages 71-75: 8.28%
Ages 76-80: 7.18%
Ages 81-85: 3.86%
3, 5, and 10 year plans yield much higher commissions (20-25%)
Does this seem below, at, or below average? Any advice is appreciated