Indexed annuity commission averages 4.6 percent
October 11, 2016 by Kristen Beckman
The average street-level commission for indexed annuities was 4.6 percent as of the second quarter, according to Wink Inc.’s sales and marketing report.
This is the lowest commission level in a decade. Average commissions were 8.1 percent during the second quarter of 2006 and have fallen steadily since then, according to Wink’s data.
Moore Market Intelligence, which consults on indexed insurance products and tracks annuity product freatures, found commissions on indexed annuities range from 2 percent to 12 percent, with the majoriy paying a commission between 7 percent and 7.99 percent. The commission is generally 50 percent lower for older annuitants, the firm said.
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