mikelnix
Expert
- 58
How are commissions handled after a contract is terminated. Or should they still be paid to you? Not sure how these situations are normally handled.
Commissions After a Contract
- Thread starter mikelnix
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this may sound stupid... or i may sound like a smarty pants... not intended... they pay as the contract stated.... whup it out and read it... it varries per contract
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- #3
mikelnix
Expert
- 58
I read it, but I've learned that there is no standard in this industry and this is the first time I've come across such a clause.
- 11,995
Not meaning to give you a hard time, but if you're asking for an industry standard when you know there is one, that seems like an odd question.
Nonetheless, what type of a contract is it and why was it cancelled?
In the MA world, not a chance.
In the life world, you would still get your renewals.
In both of those situations I'm referencing the carrier standards, if your upline and/or carrier has something different in place, that would obviously alter things, but there are too many variables here to give you a definitive answer one way or the other. Hope that helps.
Nonetheless, what type of a contract is it and why was it cancelled?
In the MA world, not a chance.
In the life world, you would still get your renewals.
In both of those situations I'm referencing the carrier standards, if your upline and/or carrier has something different in place, that would obviously alter things, but there are too many variables here to give you a definitive answer one way or the other. Hope that helps.
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- #5
mikelnix
Expert
- 58
I'm going into the health world, so I was not sure. I've been primarily doing life business. No contracts have been canceled; again, I was just reading them and I was curious.
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