What Is an Agency of Record?

An individual agent is an individual who collects agency commissions from the insurer on behalf of the insurer and handles insurance business on behalf of the insurer.

Personal agent

Right!

Personal agent means under

Personal agent can only be an insurance company

On the whole, the average income level of domestic individual agents is slightly lower than the average social salary, but the income differentiation within the group is obvious, and the income gap is huge. Many of the excellent team managers have annual income of more than one million. According to the Basic Law of each company, the income of individual agents includes policy commissions, training allowances, management allowances, team benefits, insurance subsidies, etc.

Generally, companies will provide additional subsidies to the newcomers within one year in addition to the commission income to ensure that the newcomers successfully pass the stage of learning vocational skills, usually a training allowance or a training allowance. After one year, this part of the subsidy will be gone. Agents have to rely on their own business development capabilities to obtain income, but often there are periodic product plus commission schemes, reward schemes, etc. that can increase income. In addition, there will be additional benefits for high-performance personnel Rewards, such as ongoing bonuses for diamond members. However, if we want to gain better development in this industry, we must embark on the path of organizational team development, increase the income level by increasing staff, and from the beginning of the team, we can obtain a steady stream of team benefits.