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I found out yesterday that Cigna is offering a flat 6% both for new policies and renewals which is a bump from 4 last year.
What's really bugging me is that my MGA is offering the agent the official percentage for new policies but for renewals only 1%, same thing for Humana. Huge spread, I really don't understand.Is this the regular way MGA handle commissions?
Any insight?
What's really bugging me is that my MGA is offering the agent the official percentage for new policies but for renewals only 1%, same thing for Humana. Huge spread, I really don't understand.Is this the regular way MGA handle commissions?
Any insight?