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Mike Russ
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Hello everyone welcome to the webinar. “HOW TO USE YOUR LICENSE” we will begin at 10:05 So we can give everyone a chance to log in. Please put your Mouse at the top of your screen see you can see the drop down and find the chat feature. Please send me a chat so I know you know how to use this function. YOU WILL NEED TO KNOW THIS AS I MUTE EVERYONE DUE TO BACK-GROUND NOISE & THIS IS HOW YOU WILL ASK TO BE UNMUTED FOR QUESTIONS!!!
---HOPE YOU HAD YOUR COFFEE !!!!!!!
JAMES RUSS
INSURANCE WANTS INSURANCE NEEDS
LifeInvestmentsHealth-Tax Liability
AutoHomeGeneral LiabilityWorkers CompensationBonding
You make money two ways in the insurance business:#1 Broker fee’s – when you are an “independent”
agent you are able to charge a “Broker” fee on p&c business to the client to find the best coverage for the client. This fee is 100% negotiable.
#2 Commission – each insurance company pays the Agent of record a commission based upon the commission schedule.
Type of policy Number of clients
Broker fee Total Broker fee ’s
Auto 100 $50 $5,000
Homeowners 100 $100 $10,000
Health 100 $0 $0
Business Ins. 100 $500 $50,000
Workers Comp 100 $500 $50,000
Life / Term 100 $0 $0
Total 600 $115,000
Type of policy
Number of clients
Monthly premium
Average Commission
Monthly Income
Annual Income
Auto 100 $100 12% $1,200 $14,000
Homeowners
100 $80 15% $1,200 $14,000
Health 100 $250 15% $3,750 $45,000
Business Ins. 100 $100 14% $1,400 $16,800
Workers Comp
100 $1,500 8% $15,000 $180,000
Life / Term 100 $100 90% $9,000 $108,000
Total 600 $31,483 $377,800
UPCOMINGDATES – CLICKBELOW:
Requirements to sell Life Insurance:
*Licensed*Complete AML (Anti-
money laundering course)
*Get contracted
Requirements to sell Annuities:
-Licensed-Complete 8-hour
Annuity Course-Get contracted
*Great compensation (around 7%)
*Fast underwriting*Many opportunities: Roll-over 401k’s Offer clients a
better investment than a CD
Provide guaranteed income for life
BE YOUR OWN BEST CLIENT!
GO HOME, PULL OUT ALL YOUR
INSURANCE POLICIES AND GET
PAID ON YOUR OWN POLICIES!
Click on the icon below
to refer business to get
paid….
REFERRAL?BECOME AN AGENT/SUB-PRODUCER ?
SET UP YOUR OWN AGENCY?
CLICK BELOW FOR THE NEXT UPCOMING DATE….
GET INTO CLASSES AND SEEK EDUCATION IN THE LINES OF
INSURANCE YOU WANT TO WRITE!
