Is it possible that two insurance agent service each other's policies and save on commission money?

Yes it is possible as long as they are not the same insurer.

If its your insurer, you will need to buy it yourself.

Better for another agent to do the claims because if you are tied with your own issues, you may not be able to claim.

Hi anon,

Yes. I'm servicing my own policies, since there's no one that better knows what I need other than myself.

But ultimately, in cases such as CI or hospitalization, I'll always want a next of kin to know what I have, so that claims can be made. If I'm incapacitated, at least there is still a hotline to call for assistance.