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Episode #43: Owner Compensation: What to Pay Yourself and Why
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How Much Should Insurance Agency Owners Pay Themselves?
How do independent insurance agency owners decide what to pay themselves?
In this episode of Build Your Legacy: Insurance Edition, we dive into insurance agency compensation—how much to pay yourself, when to adjust your salary, and why stability matters more than spikes in income.
✅ Producer vs. Owner Pay – How to set your rate based on your role
✅ Market-Based Salaries – Why local benchmarks are essential
✅ Avoiding Overpayment – Don’t let good months create bad habits
✅ End-of-Year Planning – Reinvesting and structuring owner distributions
✅ Transitioning Roles – Adjusting compensation as your agency scales
This episode is a must for new and growing agency owners aiming to build stability and financial success.
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