Advice on job offer. commission plan. TIA
I'm new to insurance. Need some help with this job offer.
Is this a decent comp. plan? This is a local captive office in Ohio. I would work 11-5 pm M-Th. (4 days a week.) No benefits. Would be selling life, health,property, casualty and pet insurance. Wants to reach #40 life policies a year an office. (no specific dollar amount. can be a mix of term WL & UL. ) No quotas or dollar amount on p&c. Nothing pd on renewals.
Thnk you in advance.
$19.00 per hour to start, with $20.00 per hour upon completion of your P&C License.
Life (Primarily) and Health Commissions would be paid for issued policies. Our emphasis would be on obtaining the goal of 40 Issued Life policies for the year. (Currently we have 4) My commissions on life insurance is 20% of the first year premium on term, 30% of the first year premium on whole life, and 27% of the first year premium for Universal Life. Since I am proposing a higher hourly rate that you would be able to count on, I am proposing a bonus structure on Life Insurance based on obtaining our goals as an office.
33% of the first year agency commission for issued new policies up to number 20.
50% of the first year agency commission for issued new policies 21-30.
67% of the first year agency commission for issued new policies 31-40.
50% of all first year agency commission for issued new P&C policies
submitted by /u/Sure_confusion2023
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