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Re: Whole Life Agent Commissions too high djwdjw  07-05-2008, 10:40 PM | Post #2535902
1  

Other posters have already given you lots of excellent reasons to NOT buy whole life insurance.  Here's one more.

Typically, the salesman's commission is 50% of your first year premium and 5% of your premium in years 2 - 10.  That makes full service stock broker commissions look very cheap by comparison.

When I looked into a real estate timeshare many years ago, I quickly discovered that 50% of my purchase price would be paid to the salesman.  That made it pretty clear what a bad deal the timeshare would be.
 

Topics broker cheap commission life insurance View Complete Thread
 
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