NLIC.org

Jamie Said:

What is proper split when working for a health insurance broker? He is offering me 50/50 split is that fair?

We Answered:

I would have to consider the following in determining if this split were fair:

1. Are they providing you with an office with phone/fax/email/internet access?
2. Are they providing services to your clients?
3. Are they providing you with leads?
4. Are they picking up the tab for your marketing?
5. Are they reimbursing you for expenses?

If the answer is yes, then it is more than fair. These things cost money and your business will grow faster working for a broker than working alone - if they provide you with these things.

Good luck.

Danielle Said:

Licensed Health Insurance Assistant to Broker looking for a job in Arizona.?

We Answered:

so you ask in travel and not employment? nice.

Jerry Said:

What are the responsibilities of Group Health Insurance Broker?

We Answered:

Business experience
Product knowledge
Access to several markets
Ability to communicate to ownership
Ability to communicate to employees
Prompt resolution of problems

Helen Said:

how do i find a really good health insurance broker?

We Answered:

Probably not. Generally speaking, most things heard by users of Yahoo! Answers are not true. Nearly every sentence posted on this site that begins with the words "I heard" has something false immediately following those words. Although I suppose that there is a first time for everything, and I would not refuse to use a company merely because this site says someone heard they were good, it is certainly cause for concern. It is very unlikely that someone would post here that a company was very good, unless the company was very bad.

Joanne Said:

what are the qualifications for a health insurance broker and what is the salary range?

We Answered:

Generally, you need to be licensed in your state. That is unusual that you would earn a salary on top of commissions. That means one of the two might be lower than average. Go to www.salary.com. Typically, insurance agents/reps are paid on commission, which makes the income potential 'unlimited'. Do your research on the companies, though, and don't forget to ask them questions about attrition.

Joel Said:

How do I fire my health insurance broker..?

We Answered:

You call the health insurance COMPANY, and tell them you want to switch brokers, and want to get a broker of record letter. They'll give you the number of a few other local brokers, you'll pick one, sign the letter, and they'll send it in and take over your policy.

Louis Said:

How hard is the job of a health insurance broker in NY?

We Answered:

yeah, well, "unlimited" is true, but 95% of insurance sales people wash out in the first year. The AVERAGE of someone who 'makes it' is about $50,000. There's no limit, though.

It's hard. YOu'll be putting in 60 to 80 hour workweeks at first. Yes, there's a TON of competion. Especially for business accounts. The more the account is worth, the harder it is to get in the door to even quote, and the more agents there are out there ALSO trying to get in the door and quote.

What do you need to succeed at sales? Excellent communication skills. Perserverence, and a thick skin.