Can promise to pay the buyer a specific, guaranteed interest rate on their contributions to the account
Annuity commissions will vary based on the product type, so it’s hard to pinpoint exactly how much you can make selling annuities unless we know exactly what you’re selling.
A point to always remember is that commissions will vary in any of these scenarios based on the age of your client, product type, and state requirements. Always make sure and check your contracts for updated compensation details and commissions schedules that are paid to you directly by the carrier.
You need a life insurance license in any state you plan on selling fixed indexed annuities or just fixed annuities. One you’re properly licensed you will then need to complete the product certifications from the annuity companies you represent, and any state-required courses.
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