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Lillie Said:

Does anyone know what age i can start classes to be an insurance broker?

We Answered:

You have to be at least 18 in California.

California requirements are on the Department of Insurance website, link below.

Leslie Said:

Must an Insurance Broker disclose its handling fee?

We Answered:

Yes - It's called a Broker Fee Agreement. A Broker Fee Agreement letter must be signed by the insured. So ask him to see the signed Broker Fee. If you need a sample let me know.

Rick Said:

What is a standard commission fee for an insurance broker?

We Answered:

$70,000 per MONTH is a ton of money for health insurance. I'm guessing the group has well over 100 people.

Aetna in my area would probably pay 3%, because the group would be paying $840,000 per year in premium (the more the group pays in premium a year, the less % producers get).

Thus, the producer would get paid $2,100 dollars per month from Aetna for being the agent of record for you company.

There's hundreds of insurance companies though. Commission is probably anywhere from 1-5%, or $700-$3500 per month in commission.

Maxine Said:

what is the average salary for an insurance broker?

We Answered:

I think you mean income and not salary.
Insurance is a tough business Brokers can struggle making 20K or thrive making 100K+ it greatly depends on the individuals ability to produce.

The keys to success are PROSPECTING, PROSPECTING, then KNOWLEDGE , read everything you can get your hands on. Subscribe to life insurance selling and any other industry magazines you can get. You need to constantly read. If you are selling health insurance learn as much as possible about the major carriers in your state. Understand each companies strengths and weaknesses.

You need to spend money to make money. Purchase leads from people looking for the products you are selling. I suggest Vimo.com, they have websites that prospects visit to request quotes and then the lead is sent to you in real time.

But with that said if you don't have the skills you will not close very many sales. I found these very helpful:
CD's "How to master the art of selling anything" by Tom
Hopkins
http://www.tomhopkins.com/store/product.…

"Prospecting you way to sales success" by Bill Good
http://www.billgood.com/bills_book/

Remember listen to your clients, help them fill a need with what they need not what you need to sell.