We updated our CIB CompPlanner spreadsheet model.
It shows a potential commercial insurance broker (producer) how the money works.
Here’s a screenshot:
CompPlanner2020 illustrates these truths about the commercial insurance broker career:
“Learn the profession. Build your clientele. Get rich slowly-but-surely from the residual commissions.”
“There are no rich young producers. But there are no poor old ones either”.
“Be relatively underpaid for 3-5 years. Then be relatively overpaid for 25-30 years.”
“Let me tell you about something called…renewals.”
“You stay in this long enough, your renewal commissions will take over your W-2.”
If you want the NEW CIB CompPlanner2020 spreadsheet, please IM or email me and ask for the template.
(I will even customize this spreadsheet for your producer compensation plan if you ask nicely AND can spare 15 minutes on the phone.)
Please share this with others and follow our company page too. Thanks.