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Reply to Commissions for Spouse After Agent's Death     
Old 06-07-2012, 02:39 PM   #1
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Commissions for Spouse After Agent's Death Commissions for Spouse After Agent's Death
I'm sole propritor, I believe my renewals will go to my wife after I die. Does anyone know about this?
Any Comments Appreciated.
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Old 06-07-2012, 02:40 PM   #2
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VolAgent on Commissions for Spouse After Agent's Death - Insurance Forum
 
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Commissions for Spouse After Agent's Death Re: Commissions for Spouse After Agent's Death
What does your contract with each company say?

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You can pay the premium or you can own the loss.
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Old 06-07-2012, 02:41 PM   #3
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GreenSky on Commissions for Spouse After Agent's Death - Insurance Forum
 
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Commissions for Spouse After Agent's Death Re: Commissions for Spouse After Agent's Death
Originally Posted by VolAgent View Post
What does your contract with each company say?
Contract? Why would I look at a contract?

Rick
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Old 06-07-2012, 02:42 PM   #4
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moonlightandmargaritas on Commissions for Spouse After Agent's Death - Insurance Forum
 
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Commissions for Spouse After Agent's Death Re: Commissions for Spouse After Agent's Death
Originally Posted by dan21 View Post
I'm sole propritor...
Is that the same as a sole proprietor?
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Old 06-07-2012, 02:44 PM   #5
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WinoBlues on Commissions for Spouse After Agent's Death - Insurance Forum
 
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Commissions for Spouse After Agent's Death Re: Commissions for Spouse After Agent's Death
Originally Posted by dan21 View Post
I'm sole propritor, I believe my renewals will go to my wife after I die. Does anyone know about this?
Any Comments Appreciated.
Part of the answer is as Vol said look at your contract. Mostly if you are vested yes. However, how much will be there after other agents and or the IMO raid your book is a totally different issue.

I have several books that widows assigned to me after the death of their husbands. It became almost a full time job defending replacements. I am talking life books.

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Old 06-07-2012, 02:55 PM   #6
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VolAgent on Commissions for Spouse After Agent's Death - Insurance Forum
 
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Commissions for Spouse After Agent's Death Re: Commissions for Spouse After Agent's Death
Originally Posted by GreenSky View Post
Contract? Why would I look at a contract?

Rick
Don't worry. You have to have commissions before this becomes a problem. See if SAI will explain it to you.

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You can pay the premium or you can own the loss.
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