Tag Archives: Insurance Agent

UNETHICAL GREAT EASTERN AGENT TRIED TO TRICK ME INTO SIGNING CONSENT FORM VIA DONATION

A GE Agent knocked on my door earlier this evening. He didn't say he was an insurance advisor but introduced himself as someone raising money for orphans. He told that he needed to take my particulars to issue a receipt. He asked for my birthdate, and I thought how odd for a receipt to require my birthdate. Finally he asked me to sign the form he filled-up. I took the form to read what I was signing and the first line stopped me in my track. It said, I agreed to let GE contact me in any form of mailer or communication medium. I don't mind Insurance Agent soliciting for business but not telling me the truth was unacceptable.

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EXPOSED: HOW MUCH IS YOUR RICH INSURANCE AGENT EARNING FROM YOUR PROTECTION POLICIES?

As we can see from the table above, whole life and investment link insurance policies have the highest commission rates. In addition, an insurance agent would receive renewal commission for the next 5 years after he closes a sale. This means that as long as the policy is being renewed, the insurance agent will be able to get additional commissions for the next 5 years (albeit at a lower rate).

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