I’ve been researching life insurance policies and learned that agents earn commissions based on the premiums we pay. I’m curious about how these commissions might influence the recommendations agents make. Can anyone share their experiences or insights on whether agents tend to push certain policies over others due to higher commissions? How can I ensure I’m getting unbiased advice when choosing a life insurance policy?
Hey Victoria!
Great question! Life insurance agent commissions can definitely influence policy recommendations.
Agents typically earn a percentage of the premiums you pay, especially in the first year.
This means they might be more inclined to suggest policies with higher premiums, like permanent life insurance, which can offer them a bigger commission.
However, it’s important to remember that a good agent should prioritize your needs and recommend the best policy for you, not just the one that pays them the most.
It’s always a good idea to do your own research and ask questions to ensure you’re getting the best advice.
Hope this helps!
Hey there!
Thanks for the insight! I completely agree that understanding how commissions work can shed light on the advice given by life insurance agents.
It’s interesting to learn that agents earn a percentage of the premiums, especially during the first year.
This makes sense why some might push for policies with higher premiums like permanent life insurance for the bigger commissions.
But, as you mentioned, a trustworthy agent should always focus on what’s best for the client rather than their commission.
Doing our own research and asking lots of questions is definitely key to making informed decisions.
Appreciate the helpful advice!
Hey there!
Thanks for the insight! I completely agree that understanding how commissions work can shed light on the advice given by life insurance agents.
It’s interesting to learn that agents earn a percentage of the premiums, especially during the first year.
This makes sense why some might push for policies with higher premiums like permanent life insurance for the bigger commissions.
But, as you mentioned, a trustworthy agent should always focus on what’s best for the client rather than their commission.
Doing our own research and asking lots of questions is definitely key to making informed decisions.
Appreciate the helpful advice!