What commissions do you get on term?
- Thread starter Survivor
- Start date
- 9,744
Anywhere from 85-115%.
- Thread starter
- #3
Hmmm, thought so. I don't write much term (been writing bigger stuff).
I wrote about 1700 AP of term this week, and looked closely at the rate on it. While I'm working on my contract validation, I only get 28% on term. After validation, (when I get a bonus on it too), it ends up being somewhere a little less than 50%.
So basically, if I go write a 20/mo term policy on someone while still in my validation period, I only get $67 commission credit towards it. 
With that said, I do get decent support at the office, so I suppose it balances out.
Hell, while I'm asking.... what do you get on a whole or universal life?
G
Guest
Guest
What GA is offering those numbers? Or are these based on your production?
Best I've seen for term is 70%
Al
- 9,744
No, no production requirement. I only do about 25-30 life cases a year.
If you want to PM me, I'll be happy to pass the info along.
If you want to PM me, I'll be happy to pass the info along.
- 3,863
85 to 110% is normal on term, any less and there are too many hands in the cookie jar.
- Thread starter
- #7
Damn, I guess there are really lower commissions when your captive.
What are you guys getting for whole and universal life?
- 15,319
I think I get around 90% but I only do a couple a year. A few % either way doesn't bother me.
However, I am always looking for a higher contract on plans I do write, like Medicare Supplements.
That being said, the product that is right for the consumer is more important to me that getting the last dime of commission.
Rick
However, I am always looking for a higher contract on plans I do write, like Medicare Supplements.
That being said, the product that is right for the consumer is more important to me that getting the last dime of commission.
Rick
Angelp
Expert
- 47
I am getting 90-100% on UL.
- 14,808
90%. Al, go to MyTopAgents.com | Services - Marty will hook you up with 90% on anything with no production requirements. I'm 90% with Fidelity through SASID.
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