LearningGood
Expert
- 20
Would anyone be willing to offer a little guidance? I recently passed my life/health test and wanted to know what I could earn per customer on average ballpark?
I read some of the old threads in this forum and see that I should take less in commission for the first couple of years in return for mentor / sales training. I will be taking this advice! However, I want to see if there is much of a future once I can get 100% of the commission to build my own business.
1) I have worked a few months in P & C and see that it is tough to get appointed through insurance companies direct. Is this the same in life insurance? or is it easier to get appointed direct without an agency or cluster taking my commissions?
2) How much would I earn (once I get 100% in a few years) per customer in the first year of this customer? I am not as concerned with residual. Would help me understand my revenue "per customer" I am most interested in term insurance rather than permanent insurance. What is average amount of insurance people buy?
3) Bonus question: what is the percentage of customers who buy term insurance vs permanent insurance?
Thank you so much if you can help!
I read some of the old threads in this forum and see that I should take less in commission for the first couple of years in return for mentor / sales training. I will be taking this advice! However, I want to see if there is much of a future once I can get 100% of the commission to build my own business.
1) I have worked a few months in P & C and see that it is tough to get appointed through insurance companies direct. Is this the same in life insurance? or is it easier to get appointed direct without an agency or cluster taking my commissions?
2) How much would I earn (once I get 100% in a few years) per customer in the first year of this customer? I am not as concerned with residual. Would help me understand my revenue "per customer" I am most interested in term insurance rather than permanent insurance. What is average amount of insurance people buy?
3) Bonus question: what is the percentage of customers who buy term insurance vs permanent insurance?
Thank you so much if you can help!