Weston Smith

So if you're trying to get one of these policies, they are a little bit pricey to set up, and you do have to be healthy because it is life insurance first.

So if you find an agent that sets it up the right way, they should make not a lot of money.

If they set it up the wrong way and have you pay a lot in fees, they make a lot of money.

And I know you've had some guests say that too.

So again, go through your policy.

If the death benefit is more than what you really need, the higher the death benefit, the higher the commission for the agent.

That's a simple rule of thumb anybody can remember.

Again, for whole life.

For term, it's totally different.

Right, yeah, they shouldn't.

Or they should, but yeah, they don't because maybe they don't know them that well or they don't want to ask about money because it's taboo.

But yeah, I mean, some agents, you can make $30,000 off one policy.

Holy shit.

Is that a year?

Oh, so yeah, you do get some residual income, but that's paid every month when they pay their policy.

That's nuts.

It's not going to equal $30,000, but again, depends on the company, depends on how much your pay is.

Because in life insurance industry, you can get paid up to like 200% of what someone pays in a year.

Holy crap.

Yeah.