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Sheila Said:

Find the amount to be paid by the mortgage insurance company?

We Answered:

Like you said, 37%.

You know the answer, it is confusing that you would ask.

Josephine Said:

How much $$ does an surance agent get for selling mortgage insurance?

We Answered:

Considering the mass mailings I get since I bought my house I'd have to say that you wouldn't get paid jack in commissions. You'd have to make up for the lower payouts with A LOT of sales volume.

Admitedly every company is defferent and would have differing levels of payouts for 1st year and then residuals, your better off just going ahead and getting an Life, Health Accident license and then go join some big insurance company (or even a supplemental insurance company).

In theory the policy may be good for the first couple of years for the insured but over the long term they (and you) would be better off if you sold them a regular Term insurance policy (or in some situations a Permant Policy).