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  2. Benefits of independent insurance agents - AOL

    www.aol.com/finance/benefits-independent...

    The type of insurance and the individual product dictates the commission structure. For example, a life insurance agent’s commission can be quite considerable during the first year of the policy ...

  3. Commission (remuneration) - Wikipedia

    en.wikipedia.org/wiki/Commission_(remuneration)

    A commission structure can apply to employees or independent contractors. Industries where commissions are common include car sales, property sales, insurance booking, and most sales jobs. In the United States, a real estate broker who successfully sells a property might collect a commission of 6% of the sale price. [7]

  4. Gross dealer concession - Wikipedia

    en.wikipedia.org/wiki/Gross_Dealer_Concession

    Gross Dealer Concession or GDC is the revenue to a brokerage firm when commissioned securities and insurance salespeople sell a product, whether it is an investment like stocks, bonds, or mutual funds, or insurance like life insurance or long term care insurance. The commission that the agent receives is usually a percentage of this figure ...

  5. Managing general agent - Wikipedia

    en.wikipedia.org/wiki/Managing_general_agent

    In insurance, a managing general agent is defined legally as "an individual or business entity appointed by an underwriting insurer to solicit applications from agents for insurance contracts or to negotiate insurance contracts on behalf of an insurer and, if authorized to do so by an insurer, to effectuate and countersign insurance contracts".

  6. 9 questions for your life insurance agent - AOL

    www.aol.com/finance/8-questions-life-insurance...

    Ask your agent which type of life insurance, term or permanent, best suits your needs. Confirm with your agent if your policy offers living benefits, like access to cash value or critical illness ...

  7. Independent insurance agent - Wikipedia

    en.wikipedia.org/wiki/Independent_Insurance_Agent

    While the agent collects commissions, they do not collect a salary from the companies they represent. On average, independent agents work with thirteen property and casualty and six life and health insurance companies on a regular basis. [7] Independent agents own and control their accounts, policy records, and renewals.

  8. Fraudulent life insurance policies paid off only for Miami ...

    www.aol.com/fraudulent-life-insurance-policies...

    The alleged lies, arrest forms say, brought the agents commissions from John Hancock Life Insurance. In alphabetical order, the charged insurance agents are: ... “These four licensed insurance ...

  9. Insurance in the United States - Wikipedia

    en.wikipedia.org/wiki/Insurance_in_the_United_States

    Insurance, generally, is a contract in which the insurer agrees to compensate or indemnify another party (the insured, the policyholder or a beneficiary) for specified loss or damage to a specified thing (e.g., an item, property or life) from certain perils or risks in exchange for a fee (the insurance premium). [2]