With traditional whole life policies sold by an agent,sales commissions and marketing expenses account for between 100% and 150% of the first year's premium.

Question

Quizplus · Accepted Answer

This is a widely known fact in the insurance industry. The high commissions and marketing expenses are included in the premium and can contribute to the high cost of traditional whole life policies.

With Traditional Whole Life Policies Sold by an Agent,sales Commissions