Insurance Commissions

Do you ever wonder how much an insurance agent gets paid when he/she sell you a policy? Below are the figures:

• Auto insurance: $200 every year
• Annuities: $5,000 in the first year
• Long Term Care: $500 in the first year
• Term Life Insurance: $500 in the first year
• Homeowners Insurance: $200 every year
• Health Insurance: $600 in the first year

This is a big chunk of change, no? That's why you normally can save quite a bit of money buy "going direct" and getting the policy directly from the company. GEICO isn't lying when they say you can save a couple hundred bucks by using them!