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Becky Said:

Insurance Broker Question?

We Answered:

Well, the commission depends on the line of business. Workers Comp can be as low as 5%. Life insurance can be as high as 100% of the first year.

MOST brokers - maybe 95% in their first year, can't make $1,000. So they wash out. The majority of the rest, bring home between $30K and $50K the first year, working massive weeks. One or two stars will bring home six figures.