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Single Premium Life Insurance
stevelong4832
Posts: 2 Newbie
In general, how does commission or payout work on a single premium life insurance sale?
You must get an immediate percentage of the total lump sum premium, I would imagine. What is that percentage in general without getting into a big street level versus MGA discussion. Just looking for a sense of how that type of product pays out.
You must get an immediate percentage of the total lump sum premium, I would imagine. What is that percentage in general without getting into a big street level versus MGA discussion. Just looking for a sense of how that type of product pays out.
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In general, how does commission or payout work on a single premium life insurance sale?
Its much the same figure.You must get an immediate percentage of the total lump sum premium, I would imagine. What is that percentage in general without getting into a big street level versus MGA discussion. Just looking for a sense of how that type of product pays out.
Whole of life assurance plans typically dont pay much commission. Chosing to pay monthly over a limited period, open ended or single premium doesnt hit the commission much. It does improve the premium terms by more though (on assumption that you live long enough.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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