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Independent representatives can grow their book of business much faster than captive agents because they are more participated in their neighborhood and offer more individualized service. They can typically make greater commissions however get little to no base wage. With both types of insurance representatives, the individual representative serves as an intermediary in between the customer and the insurance coverage business.
The payment structure of an insurance coverage representative is affected by where they work. Those who work as a sales agent for one insurance provider, representing only that insurance company's items, generally make money in one of three ways: Salary onlySalary plus commissionSalary, commission and reward Representatives who work for an independent insurance coverage agency selling products from picked companies normally make a little wage and commissions, OR a salary plus a perk if the firm satisfies its objectives. https://b3.zcubes.com/v.aspx?mid=5539732&title=how-does-long-term-care-insurance-work---questions |
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