For New Insurance Agents - How Commissions Work!

  Рет қаралды 24,963

Cody Askins

Cody Askins

Күн бұрын

Пікірлер: 56
@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.
@ebonyeverything2751
@ebonyeverything2751 18 күн бұрын
​@@tonywithdauzi8146its definitely not for everyone . U have to honestly ask yourself if you're disciplined and self motivated enough to make it.
@ogmurk8129
@ogmurk8129 3 жыл бұрын
I'm studying to become a insurance agent I really needed this! Thank you!
@itsjosephwells
@itsjosephwells 2 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
@Leprachaun627
@Leprachaun627 Ай бұрын
Wrong industry bud
@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!
@adamrogers09
@adamrogers09 2 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🙂
@sorinswonderland
@sorinswonderland 2 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
@abc-pn2eb
@abc-pn2eb Жыл бұрын
What's the best company in terms of commission split, renewals, leads, training ?
@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
@stephanierandall1170
@stephanierandall1170 10 ай бұрын
Can selling any type of insurance generate commissions?
@carloscortes1577
@carloscortes1577 3 жыл бұрын
Are the commission different with Medical Insurance and Car insurance?
@Maarisool
@Maarisool 3 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
@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! 🔥
@abc-pn2eb
@abc-pn2eb Жыл бұрын
How do you figure out which companies pay renewals and how that is structured?;
@kory9790
@kory9790 3 жыл бұрын
Want to see the vault video Cody.
@CodyAskins
@CodyAskins 3 жыл бұрын
😂😂 It's going to happen
@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.
@princemaximus653
@princemaximus653 2 ай бұрын
Thank you. This was helpful!
@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
@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 .
@zackburnette2609
@zackburnette2609 2 ай бұрын
That’s 4-5 sales a week ,117k divided by 450. But he said 117k a year so that would be considered the whole 600 from each policy sold which is less that 4 policies a week
@youdontwanttoknow5203
@youdontwanttoknow5203 11 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.
@zackburnette2609
@zackburnette2609 2 ай бұрын
I’m sure it wouldn’t be the exact policy if you could get it for a lot less , also the 40% that your agent got is only for the first year that you pay the years later go to the company. Nobody works for free ,the agent has to get paid somehow wouldn’t you say 🤣
@youdontwanttoknow5203
@youdontwanttoknow5203 2 ай бұрын
@@zackburnette2609 It reads exactly the same. There is no difference in the amount of coverage or what's covered, the deductible, etc. Everything is exactly the same. I couldn't tell which was which except for the return address.
@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
@Jboogie19
@Jboogie19 Жыл бұрын
Show me the money, please. Thank you.
@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
@force8020
@force8020 3 жыл бұрын
Show me the money.!!!!
@CodyAskins
@CodyAskins 3 жыл бұрын
Stay tuned! 👀
@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....
@CordCostley
@CordCostley Ай бұрын
This dude is hard to listen to
@polyverse1
@polyverse1 2 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 2 жыл бұрын
6ddssssssss
@maurobolzoni55
@maurobolzoni55 2 жыл бұрын
Vvvvvvvvvvvvvvvvvv v v e vd
@maurobolzoni55
@maurobolzoni55 2 жыл бұрын
Seergx😊🙃
@Patrick45603
@Patrick45603 3 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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