So if you are on 110% commission then the maximum amount of premium on any one case they will advance on is $4242.00 AP or $353.50 MP..
Foresters or Amcon/Aetna, Who's Better?
- Thread starter Agentguy5
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So if you are on 110% commission then the maximum amount of premium on any one case they will advance on is $4242.00 AP or $353.50 MP..
Basically you are correct Mr Rousemark.... SIR.
Lean heavy on that SIR.. I am not used to getting respect around here.. The Rodney Dangerfield of the FE Forum.
$400.....LOL I know... Real low, but Most of my guys have large books and it never is an issue with agents that produce.
One of my largest producers just in the last 2 weeks was capped at $3,500 with Foresters on a $150k Smart UL. I don't worry about him.... He has about $30k in renewals per year with them....
There are probably a lot of people wondering why a top producer would still be on advance.. If they are anything like me, it is psychological. Even though I don't need the advance, I still take one because it is hard to motivate myself chase after a case for $50 (one month as earned) but now for $300 (6 month advance) it seems worthwhile..
- 29,527
You're right Skipper, I looked at that wrong.
Maximum advance % =75%...Maximum advance = $3,500.
I guess I got that a little backwards, because I'm a little backwards.
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