How Much do Insurance Brokers Make Per Policy in Namibia?

Here’s a scenario. You’re an insurance agent who has been hired by one of your clients. Let’s say your client is negotiating a policy with an insurance carrier, and the elevator pitch is that you’ll get around 10% commission on the sale of that policy. In this example, there are two agents: One’s considered a captive agent and one’s considered an independent.

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1 Do I really need an insurance agent in Namibia?

2 How do I choose an insurance broker in Namibia?

3 Is it better to get health insurance through a broker in Namibia?

4 How do brokers get paid in Namibia?

5 Related Posts:

Do I really need an insurance agent in Namibia?

If you have a car accident, need to file a claim, or have another type of mishap where you are covered and need to go through the insurance process, it is best to work with an insurance agent. They’ll help you get the money that’s owed to you and make sure that everything is taken care of properly.

How do I choose an insurance broker in Namibia?

If you need insurance but don’t know who to work with, referrals and references are a great way to find the insurance broker that’s best for you. Carefully read the policies and compare their rates & coverage until you can find one to work with.
Don’t just take our word for it- check out their experience.
It’s more than the price, consider the overall fit.
Ask for personalized advice.

Is it better to get health insurance through a broker in Namibia?

Purchasing health insurance through a broker provides peace of mind in knowing that the coverage is suited to your needs and affords you great options. Brokers can also help elderly consumers better understand their Medicare coverage and options for long-term care.

How do brokers get paid in Namibia?

Brokers typically receive a certain volume of funds upfront, as well as a pre-agreed commission based on when the loan actually settles. Fees are set up this way so that you can easily see how much you may make if the loan does not go through with some final negotiations. Commissions are based on the percentage of your home purchase price, rather than actual profits from closing or anything else related to the offering of your loan. The average insurance carrier gives captive agents a 10% commission on any policy sold, while the average independent agent makes around 15% commission.