Does a Life Adviser Get Paid a Fee and a Commission?

Does a Life Adviser Get Paid a Fee and a Commission?

Due to the potential conflict of interest involved with commissions, there is little movement towards no load/low load policies, which rewards agents with a standard fee not a commission. However, only a properly licensed fee-based planner can retain such a fee. It is also strictly prohibited for an agent to receive both a fee and a commission from the same client, according the California Insurance Code.

Read More