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I'm actually establishing a down line within my Indy agency...new to Life. Current agreement here for other lines is producers get 40-70% of initial and 25-30% of renewal commission received by the agency, depending on how much premium they produced and retain on the book. After maxing out above $2M, longevity is rewarded by replacing renewal commission with 10% per year ownership in the economic value of the book produced (up to 50%). This essentially makes the producer a minority partner eventually.
Overly generous for Life?
Unless there is some serious training AND marketing for that, that is pretty crappy.
An agent would be better off at a mutual or even somewhere like Bankers or a Torchmark company. They will get some training, it may not be the best depending on the manager, but they will get some.