Friday, May 18th, 2012
Life Insurance Pay
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The ason new here and considering a career change to insurance. How does payment for a company like NYL? For example, if you sell a life insurance policy as a whole, how would the agent do? What about a long-term policy? Want to receive recurring revenue policies? If yes, how?
by : BoomBoom68
Tags: Life Insurance Pay
Readers Comments (7)
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You are responsible for NYL has a very nice show and tell for you. The percentages are correct, only the amounts of annual compensation is inflated.
Scroll to the search function. E ‘on the second blue banner. Search NYL. Same line user cp, Fourme jump.etc. NYL is an old company, it takes a certain mind set to work for them. You can not go wrong to start with them. pay is depending on what you did last year.
Are you thinking Met. NYL does not pay his salary. Just commissions and bonuses. And have a nice PowerPoint to explain everything.
NYL will give the money to start, with ties to the production. You will have to prove what you did last year. Not a bad place to start. You can not write any other companies, but NYL, for the fisrt two years.
Some examples of what you would sell a long-term policy? The whole life policy? How does the recurring revenue?
Anywhere from 50% to 120%. is large a question. With NYL is more like 50%. bonus’. the first 2 years. you get more bonus. NYL is a good company to start. You can learn and earn. But it will work for this.
Yes, depending on the product, 50-55% plus bonus / reimbursement. 80% the first year is about right with their new agent contract. Bonus increases with production. Their structure is actually quite renewal money if you produce and stay for a while ‘