Licensed Life Agent, Life and Finance/ 50 States, New York
Yes. Life Insurance Agents can write a their own Life Insurance Policy and recieve the commission.
They get paid on their own policies. It's no negative affect, and that is how the industry is structured to work.
It's like working at a car business and getting a free car to drive, working at a restaurant and getting a free meal, or even working for the airlines and getting free flights and trips.
Yes, a life insurance agent can sell a policy to themselves. They still must pay the same premium as anyone else of their age, build and health would pay. They can also sell to family members. Again, no agent can give a discount; life insurance rates are set by the company.
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They get paid on their own policies. It's no negative affect, and that is how the industry is structured to work.
It's like working at a car business and getting a free car to drive, working at a restaurant and getting a free meal, or even working for the airlines and getting free flights and trips.