Selling Life Insurance: How You Get Paid in Life Insurance Sales LIAP Ep219

Today, we're diving deep into the intricacies of life insurance commissions-discussing everything from payment structures to maximizing your earnings. Whether you're new to the industry or a seasoned professional, this episode is packed with essential insights that can propel your career forward.
Join Zach McElwain, and Chris Ball as we celebrate a significant milestone-hitting 1 million views on KZbin! This achievement isn't just about numbers; it's about the impact we're striving to create by sharing strategies that have propelled our careers and can do the same for yours.
In this episode, we cover the real talk on commissions, including the differences between As Earned and Advanced Commissions, and provide practical tips on improving your placement rate and persistency. We’re here not just as hosts but as your partners in navigating the complexities of life insurance sales. From anecdotal tidbits to detailed policy discussions, this episode is your go-to resource for all things related to life insurance.
If you have a favorite episode, let us know in the comments below! Share this podcast with peers and new team members who could benefit from our discussions. Don’t forget to hit that subscribe button for more insightful content. Thank you for tuning in and being part of our journey towards 2 million views. Here's to making life insurance a little less daunting and a lot more profitable!
#LifeInsuranceAcademy #InsurancePodcast #LifeInsuranceSales #CommissionEducation #MillionViewsClub #LifeInsuranceAgent #LifeInsuranceSales #InsuranceAgent #InsuranceSales #InsuranceTraining
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About the Life Insurance Academy Podcast
The Life Insurance Academy Podcast is a Top-Ranked insurance-focused podcast with an expanding global audience of avid listeners. The weekly podcast takes you out of the classroom and into the conversations of top-producing agents in life insurance sales so you can level up your business. Subscribe wherever you listen to podcasts and follow us on Facebook, Twitter, and Instagram at @LifeInsureAcad.
About the Life Insurance Academy
The premier training and coaching academy & online resource for insurance sales. The Life Insurance Academy trains agents and agencies around the world to help grow sales, scale business, increase profit, and expand impact. While navigating through LifeInsuranceAcademy.org, you’ll find podcasts, video courses, downloadable tools, and supporting sales resources. Content covered includes prospecting, leads, how to approach your clients, proven sales processes, top-producing presentations, effective pricing strategies, closing techniques, client care, sales psychology, agency growth strategies, and much more.
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[@TripleB23]

What is the most ideal set up for a new producer to get paid? Naturally they all have their pros and cons- what is preferred though?

[@omidforughi]

the numbers were for the case in which policyholder pays premiums on a monthly basis. so we calculate the "annualized premium" for that policy and the commission will be 70% of that. what if the policyholder pays the premium on an annual basis? when he pays 1000$ each year, then how much will be the commission? and when it will be paid? what is the answer for advanced/as earned ?

[@omidforughi]

and what if the policyholder pays the premium in a lump sum?

[@jenniferstacey3251]

How can I become an agent for you all?

[@iveyfisherii1878]

I am trying to learn a little more about the ye coaching program you provide. I can’t seem to be able to reach anyone through the website. How can I reach someone to ask a few questions?

[@LifeInsuranceAcademy]

Thanks for reaching out. Please connect directly with Adam at [e-mail] and he’ll get you taken care of.

[@tracydickerson1158]

If the policy owner paid a full years' premium in one transaction, would the agent not have to worry about a charge back...that they're free to spend that money however they please?

[@cballseo]

You are correct!

[@TripleB23]

So after one year of a client paying, the producer can essentially relax and not have to worry about a charge back on that particular client?? ​@@cballseo