Lincoln National Renewals

[cltinsurance]

What are the renewals for Lincoln? My contract says no renewals, but I'd like to know what everyone else is getting. I'm thinking of going out on my own.

Thanks!
- Paul

 

[peteybear]

What are you making first year on there ul products?Depending on your contract if you have a ga contract you should be making 80-95% first yr and 1/5-3% renewals.renewals suck on ul products as many companys only pay 1-2% even on ga contracts.

 

[cltinsurance]

What are you making first year on there ul products?Depending on your contract if you have a ga contract you should be making 80-95% first yr and 1/5-3% renewals.renewals suck on ul products as many companys only pay 1-2% even on ga contracts.

I make 80% on UL and no renewals.

 

[scagnt83]

Lincoln pays renewals on UL. So your upline is getting your renewals. Are you paid directly or are your commissions assigned to your upline?

I think my Lincoln renewals are around 3% for the first 5 years then it drops lower after that.

80% is basic first year street comp if I remember correctly, so that is normal.

 

[slcbtff]

Lincoln ULs do have renewals. All but their executive ULs have at least 3 points available to the agent.

Your upline tells Lincoln what to set you up at when you are appointed. If you aren't receiving anything... they are keeping it.

 

[BNTRS]

Generally speaking the renewal rate at Lincoln is the same regardless of what you get paid for FYC, 3% for years 2-5 and then a reduction to ~1.8% thereafter.