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For New Insurance Agents - How Commissions Work!

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A lot of new insurance agents don't fully understand how commissions actually work. In this video, I'll break down how commissions work in the insurance industry so that you have a better idea of what kind of money you can make.
#InsuranceAgent #Commissions #InsuranceSales
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Who is Cody Askins?
Founder of 8% Nation, CEO of Cody Askins LLC, Co-Owner of Secure Agent Marketing, speaker, entrepreneur, and author of Zero To Six Figures, Creator of the Cody Askins RU-vid Channel which has amassed over 80,000 subscribers… Cody Askins owns & operates a bunch of companies that generate TENS of MILLIONS in annual revenue. CA is also the founder of The 8% Movement & The 8% Nation Conference, the industry’s largest event for all insurance agents to attend.
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Опубликовано:

14 авг 2024

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Комментарии : 49

@elanawilson5305 3 года назад

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 2 года назад

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 2 года назад

Still at it?

@elanawilson5305 2 года назад

@@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 2 года назад

@@elanawilson5305 oh no. Why? Could you explain? Im 19 and thinking about working in an agency.

@ogmurk8129 3 года назад

I'm studying to become a insurance agent I really needed this! Thank you!

@adamrogers09 Год назад

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🙂

@willwashington6484 3 года назад

Thanks cody! I've been trying to figure this out for a while, finally someone puts it in laymen's terms. Appreciate you!

@CodyAskins 3 года назад

No problem! Thank you

@VirtualUnlimitedLeads 3 года назад

Cody, thanks for explaining how commissions work and what the potential can be if you apply these strategies.

@CodyAskins 3 года назад

No problem, thanks for watching!

@sorinswonderland Год назад

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 Год назад

So you basically might be working for free

@itsjosephwells Год назад

this was so helpful. I just passed my exam and I am getting my license soon and I am ready to start helping people

@kory9790 3 года назад

Want to see the vault video Cody.

@CodyAskins 3 года назад

😂😂 It's going to happen

@420dodgeguy 3 года назад

Thank you, Cody You Rock! Yes, I would love to see a Cash video. I feel that would be a total Eye opener.

@CodyAskins 3 года назад

It's coming soon - stay tuned! 🔥

@tommorris8205 2 года назад

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 2 года назад

This was sent in San Diego California I loved that job I'm still doing it but now in South Florida

@tommorris8205 2 года назад

A good formula is 50% of your work is selling 25% service work 25% detail work

@zacharywilliams2923 2 года назад

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.

@billybean5771 2 года назад

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 2 года назад

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 Год назад

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

@abc-pn2eb Год назад

How do you figure out which companies pay renewals and how that is structured?;

@abc-pn2eb Год назад

What's the best company in terms of commission split, renewals, leads, training ?

@youdontwanttoknow5203 8 месяцев назад

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.

@carloscortes1577 3 года назад

Are the commission different with Medical Insurance and Car insurance?

@Maarisool 2 года назад

I would think so since they are different types of insurance

@tommorris8205 2 года назад

Yes very different and a lot of service work

@stephanierandall1170 7 месяцев назад

Can selling any type of insurance generate commissions?

@babyboy1971 3 года назад

We need to see the vault video!!!!!! Ye$!!!

@jaydubya7012 Год назад

117k @ $450, when did you have time sleep .

@shellfam8477 3 года назад

I am a new agent I don't understand commission

@CodyAskins 3 года назад

Did this video help at all?

@shellfam8477 3 года назад

@@CodyAskins no still confused do i.get percentage of premium

@force8020 3 года назад

Show me the money.!!!!

@CodyAskins 3 года назад

Stay tuned! 👀

@Jboogie19 Год назад

Show me the money, please. Thank you.

@kyleflame1249 Год назад

5 million will definitely last 60 years you’re just out of touch, most people don’t even make that in a lifetime

@alexxandermedeiros7050 2 года назад

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 Год назад

That clearly was life insurance salesman talk, fo sho, fo sho....

@Patrick45603 2 года назад

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