Commissions vary by carriers, but on average the first year commission on a single premium whole life insurance policy is around 3 to 4% on fully underwritten policies (i.e. you undergo complete medical review to determine eligibility for coverage).
For policies that are issued on a guaranteed issue basis, commissions tend to be higher averaging around 7% and can range as high as 12-15%.
.JPG){kind=avatar}
For policies that are issued on a guaranteed issue basis, commissions tend to be higher averaging around 7% and can range as high as 12-15%.