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For New Insurance Agents - How Commissions Work!

  Рет қаралды 23,242

Cody Askins

Cody Askins

Күн бұрын

Пікірлер: 49
@elanawilson5305
@elanawilson5305 3 жыл бұрын
Started a new job as a insurance agent. I am very nervous thinking I will mess up. Im not even joking when I'm telling you I am watching every single video Cody has posted.
@officialsouthsoul5223
@officialsouthsoul5223 2 жыл бұрын
Hey man, i feel like I’m in the same boat. There are opportunities for me with company willing to train me and get me license because of my sale history but not gonna lie, all of the sales jobs prior where salery+commission. I know i can do it, it’s just the full commission only i have trouble committing to.
@otzenfree1998
@otzenfree1998 2 жыл бұрын
Still at it?
@elanawilson5305
@elanawilson5305 2 жыл бұрын
@@otzenfree1998 To be completely honest, yes and no. I am still with the company. However, I am about to put my two weeks notice in and leave for another job.
@tonywithdauzi8146
@tonywithdauzi8146 2 жыл бұрын
@@elanawilson5305 oh no. Why? Could you explain? Im 19 and thinking about working in an agency.
@ogmurk8129
@ogmurk8129 3 жыл бұрын
I'm studying to become a insurance agent I really needed this! Thank you!
@adamrogers09
@adamrogers09 Жыл бұрын
You can most certainly live fairly comfortably on 5m for 60yrs. That's 83k/yr but if you insist on purchasing more I'd be more than glad to help you purchase a new policy🙂
@willwashington6484
@willwashington6484 3 жыл бұрын
Thanks cody! I've been trying to figure this out for a while, finally someone puts it in laymen's terms. Appreciate you!
@CodyAskins
@CodyAskins 3 жыл бұрын
No problem! Thank you
@VirtualUnlimitedLeads
@VirtualUnlimitedLeads 3 жыл бұрын
Cody, thanks for explaining how commissions work and what the potential can be if you apply these strategies.
@CodyAskins
@CodyAskins 3 жыл бұрын
No problem, thanks for watching!
@itsjosephwells
@itsjosephwells Жыл бұрын
this was so helpful. I just passed my exam and I am getting my license soon and I am ready to start helping people
@sorinswonderland
@sorinswonderland Жыл бұрын
The fact they can take the money back if someone cancels their policy is kinda frightening to me. I'd never know what i can comfortably spend. I'd always be living in fear of waking up with a negative balance or being broke. Are there any commissions or companies that dont do that and only pay set rates that arent able to be taken away?
@laygossom2655
@laygossom2655 Жыл бұрын
So you basically might be working for free
@kory9790
@kory9790 3 жыл бұрын
Want to see the vault video Cody.
@CodyAskins
@CodyAskins 3 жыл бұрын
😂😂 It's going to happen
@420dodgeguy
@420dodgeguy 3 жыл бұрын
Thank you, Cody You Rock! Yes, I would love to see a Cash video. I feel that would be a total Eye opener.
@CodyAskins
@CodyAskins 3 жыл бұрын
It's coming soon - stay tuned! 🔥
@tommorris8205
@tommorris8205 2 жыл бұрын
I was working for a business products company and was cold calling on businesses and was recruited by American National Insurance Companies-( as a 22 year old the numbers look good and I was top agent in 6 months
@tommorris8205
@tommorris8205 2 жыл бұрын
This was sent in San Diego California I loved that job I'm still doing it but now in South Florida
@tommorris8205
@tommorris8205 2 жыл бұрын
A good formula is 50% of your work is selling 25% service work 25% detail work
@youdontwanttoknow5203
@youdontwanttoknow5203 9 ай бұрын
My agent was making around 40% of what I was paying. To me, that amounts to ripping off the customer. I'm paying 6 mo. at a time and I found I could get the policy straight from the company a *lot* less. Saving myself nearly $300/year by going to the company.
@zacharywilliams2923
@zacharywilliams2923 2 жыл бұрын
How Is it possible an agency can provide an 110% commission? Does the carrier and the agency take a percentage of that 110%. or is that just what you the agent get for the first year.
@carloscortes1577
@carloscortes1577 3 жыл бұрын
Are the commission different with Medical Insurance and Car insurance?
@Maarisool
@Maarisool 2 жыл бұрын
I would think so since they are different types of insurance
@tommorris8205
@tommorris8205 2 жыл бұрын
Yes very different and a lot of service work
@billybean5771
@billybean5771 2 жыл бұрын
So if the client cancel the insurance after 6 month, and you already get paid for 9 month. Do you return the three month premium back to the company? Or the company will deduct from your next commission? Thank you for your time. :)
@ScottShamblin
@ScottShamblin 2 жыл бұрын
The company claw backs some or all of the commission. My primary carrier claws back commissions if the policy is cancelled within the first year, but after that I'm off the hook.
@wesguy5250
@wesguy5250 Жыл бұрын
I would say realistically the money you put back for taxes if you are 1099 INS agent. Could cover what ever they comeback and get if a client does cancel
@abc-pn2eb
@abc-pn2eb Жыл бұрын
How do you figure out which companies pay renewals and how that is structured?;
@abc-pn2eb
@abc-pn2eb Жыл бұрын
What's the best company in terms of commission split, renewals, leads, training ?
@stephanierandall1170
@stephanierandall1170 8 ай бұрын
Can selling any type of insurance generate commissions?
@babyboy1971
@babyboy1971 3 жыл бұрын
We need to see the vault video!!!!!! Ye$!!!
@jaydubya7012
@jaydubya7012 Жыл бұрын
117k @ $450, when did you have time sleep .
@kyleflame1249
@kyleflame1249 Жыл бұрын
5 million will definitely last 60 years you’re just out of touch, most people don’t even make that in a lifetime
@shellfam8477
@shellfam8477 3 жыл бұрын
I am a new agent I don't understand commission
@CodyAskins
@CodyAskins 3 жыл бұрын
Did this video help at all?
@shellfam8477
@shellfam8477 3 жыл бұрын
@@CodyAskins no still confused do i.get percentage of premium
@force8020
@force8020 3 жыл бұрын
Show me the money.!!!!
@CodyAskins
@CodyAskins 3 жыл бұрын
Stay tuned! 👀
@Jboogie19
@Jboogie19 Жыл бұрын
Show me the money, please. Thank you.
@alexxandermedeiros7050
@alexxandermedeiros7050 2 жыл бұрын
5 million ain’t lasting anyone 60 years? Pshhh 5 mil @ 4% a year CoC is $200k… plus an additional 5-10% appreciation. Buy an apartment building lol
@jaydubya7012
@jaydubya7012 Жыл бұрын
That clearly was life insurance salesman talk, fo sho, fo sho....
@polyverse1
@polyverse1 Жыл бұрын
If 5 million can’t last 60 years your wife needs to downsize or move to Thailand where goods and services are a 3rd of America.
@maurobolzoni55
@maurobolzoni55 Жыл бұрын
6ddssssssss
@maurobolzoni55
@maurobolzoni55 Жыл бұрын
Vvvvvvvvvvvvvvvvvv v v e vd
@maurobolzoni55
@maurobolzoni55 Жыл бұрын
Seergx😊🙃
@Patrick45603
@Patrick45603 2 жыл бұрын
When you write on the white board. PLEASE WRITE BIGGER. YOU ARE NOT WRITING FOR YOURSELF. YOU ARE WRITING TOWARDS THE AUDIENCE. I AM TIRED OF TRYIBG TO SEE QHAT YOU ARE WRITING BECAUSE YOU WRITE SMALL. PLEASE WRITE BIGGER. THANK YOU
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