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Why Sell Insurance Products

By far, insurance products are the most sellable items that you can sell. Unlike satellite dishes, insurance programs are necessary to existence. In fact, insurance programs like life insurance The good news is that many Internet-based companies for are offering free websites for their insurance agents. In some cases, some of them offer free sales leads, which gives insurance agents more time to actually sell their products than finding prospects. Some sites also sell their leads at a competitive price per lead while others offer both free leads and sold leads for selling two types of insurance programs.

Commission Vs Average Income

In 2006, insurance agents earned an average of $58,450 in commissions, according to the US Bureau of Labor Statistics. The actual commission that can be earned by an insurance agent will largely depend on the commission package of the insurance company or the brokerage company. Generally speaking though, an insurance agent can earn up to 10% on health insurance programs, and from 20% to 90% commission on life products on the first year of the policy.

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PITI is simply an acronym for the different components which make up your monthly mortgage Your PITI will be the actual sum of these components. There are some mortgages that have tax payments and homeowners insurance escrowed as part of the monthly housing payment. PITI therefore becomes the bottom line of your monthly mortgage payment or your mortgage plus tax plus insurance payment, to be more precise.

It is important to know your PITI because it is often what mortgage lenders will look at as the minimum asset amount that a buyer must present as a reserve to be qualified for a mortgage. Lenders, of course, are looking to reduce the risk of default on the mortgage loan.

If your loan payments are going to be $1,750.00 per month, the lender will require you to present $3,500.00 in documented assets such as savings and/or checking accounts, 401k, stocks, bonds, etc.

When the subprime crisis began, mortgage lenders were typically asking for two months of PITI for dwellings that were going to be occupied by the owner and second homes and/or vacation homes required three to four months of PITI.