Iul how do you paid on it ? If monthly or lump sum single payment ?
- Thread starter tjwade1
- Start date
Usually you are paid your FYC % up to target premium and then paid on the Excess % in your commission Scale.
Ex: Target is $6,000 and excess prem is $94,000 on a lump sum payment of $100,000.
FYC is 100% and Excess is 3%.
Commission is $6,000 + $2,820 for a total FYC of $8,820.
Hope this helps you.
Skipper.
Ex: Target is $6,000 and excess prem is $94,000 on a lump sum payment of $100,000.
FYC is 100% and Excess is 3%.
Commission is $6,000 + $2,820 for a total FYC of $8,820.
Hope this helps you.
Skipper.
- 179
Most carriers have a $2500 limit on advances as well, the rest goes as earned.
That's my experience anyway
That's my experience anyway
- 211
Midland will pay you a single lump sum option c or target plus excess. You choose which is higher commission
Wouldn't that be considered "arned" since it's a single premium?
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