Are life insurance agent positions salary, commission or a combination of?

Question

Are life insurance agent positions salary, commission or a combination of?

Answer 1

i must say it would have to be a combination of the two. salary and commission. good thing about salary is that you know you are always going to get that set amount and commission. with commission you can drive yourself harder to get more of an incentive. but i guess, if you do really well and you are really confident you could go commission only. look before you leap test it out and see how good you are then maybe opt for commission only if you can see you can earn more money. life insurance is hard because it is a non tangible product but for your loved ones its a good idea.

Answer 2

99.9% of life insurance agents make commission only. What is the incentive to sell if you have a salary?

Answer 3

Working IN an agency - such as Nationwide, Allstate or State Farm usually put you on either salary or hourly wage...

Most kick in some commissions also - the commissions are optional for the agent to pay you - so that's a question you'd have to ask at the interview... not all pay it, but most good agents do.

Answer 4

It's a combination of both, but I would venture to say that most life insurance agents don't "live" off of their salaries.  The commissions from sales is where the bulk of the money is made.