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How do insurance agents make residual income?

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in Insurance by (82.5k points)
How do insurance agents make residual income?

My enquiry is from progressive insurance locations near me subject

I had been asked this question during an interview.

Other related questions to my question are:

How do insurance agents make money?

Do life insurance agents get residuals?

What are residuals in insurance?

Is insurance residual income?

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Right answer is: Residual income for insurance is the additional, small commission agents and brokers receive for each year a policy is renewed. So the more policies an agent or broker sells, the more residual income they receive.Nov 29, 2021

The title of my answer can be How do insurance brokers and agents make money?

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