It varies based on how much volume you sell. 12% is not uncommon. If an agent sells a lot his % will be more.
Some products in the health category pay more than others. long Term Care insurance for instance pays much higher but the cost of obtaining customers is also much higher.
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Compensation varies among states, insurers and producers themselves. For example, a broker in New Jersey that sells only Blue Cross plans will not be compensated the same as a broker in Ohio that sells only Anthem Blue Cross and Medical Mutual Of Ohio plans.
Also, as of 2014, when State Exchanges are operational, broker compensation is expected to reduce, although ironically, their expert and unbiased advice and guidance will be needed more than ever.
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Some products in the health category pay more than others. long Term Care insurance for instance pays much higher but the cost of obtaining customers is also much higher.
Also, as of 2014, when State Exchanges are operational, broker compensation is expected to reduce, although ironically, their expert and unbiased advice and guidance will be needed more than ever.