Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do life insurance renewal commissions count as wages?

0
Posted

Do life insurance renewal commissions count as wages?

0
Peter Paul

Life insurance isn’t an investment. An investment is a financial risk – you might make money, but you also might lose some or all of your investment.   In contrast, life insurance pays a guaranteed death benefit.

0

Your renewal commission as a life insurance salesperson is wages when paid if, at the time the policy was written, you are: An employee under the common-law test (see §802); or A full-time life insurance salesperson. (See §828.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123