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How do insurance agents make money?

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How do insurance agents make money?

My question is taken from progressive insurance locations near me subject

I have been asked this question in an international level competition.

Other related questions to my question are:

How do insurance agents make residual income?

Where do insurance agents make the most money?

What type of insurance agents make the most?

1 Answer

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Right answer is: The primary way an insurance broker makes money is from commissions and fees earned on sold policies. These commissions are typically a percentage of the policy's total annual premium. An insurance premium is the amount of money an individual or business pays for an insurance policy.

The title of my answer is How Does an Insurance Broker Make Money?

My answer's reference is Investopedia

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