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Ok so it doesn't matter anyway until one gets to that level.
Weird that they would have a policy like that. Seems like a good way to save some money and cut the agent/broker out in the process. After all how many agents actually would get to that level unless they are selling LH product exclusively.
Or perhaps the most important thing (to LH atleast) is how many DON'T get to that level! If only 1 out of 10 producing broker/agents make it to their renewal payment then thats 9 other agents who just got cut out and they don't have to worry about!
It's not that hard to get to that level. I was and certainly didn't write that much LH. Most I ever wrote in a year was $30,000.
Your thinking is flawed. if an agent doesn't get to the $250 level, he never gets anything.
The first time my was below that level it was $243. I don't what it's down to now as I don't get the report anymore and they don't ever pay me anything.
It's not a minimum amount before they will pay the way OM has a $100 minimum. I haven't written for them in almost fiur years now and it was all term. They don't pay until the renewal is at least $100. I check my report every Sat. It takes about three weeks now for me to get over $100 in renewals. As soon as I do they deposit it into my account.
That doesn't happen with LH. If it's under $250 for a month, they keep it. We have one LH apologist here that says they give it to your upline manager. I don't know if that's true or not. LH told me that they keep it. I can verify that I don't get it.