InsuranceBrah
Expert
- 40
I just closed my first case as an indie and built up some serous expenses between my E&O, Licensing Costs, CRM, ect. I was really looking forward to that $300.00 check which is roughly 90% commission through Mutual of Omaha. I'm already in the process of switching brokerages because the service at One Resource group sucks, and Ash Pays better. But now I run into this on one of the cases I placed with them.
After waiting for my check and following up with them this is what I get
"United of Omaha has a $25.00 minimum to pay commissions. You have $22.91 pending to pay on the XXXXXXXX case so when the next premium is paid, you should be over the minimum to pay and commissions will release for the 2 payments.
25.45 prm x.90 rate = 22.91
Is this normal? I can't see making a living while building my business getting paid peanuts like this. Maybe down the road it could build up. But I've got expenses now! I don't have time to wait a year to recoup the money I put in. I received no indication that I would be paid monthly. Is this a mutual of Omaha thing? If that's a case I better be seeing a freaking years worth of interest on top of the money I'm to be paid.. WTH
What Solutions do you have for me?
After waiting for my check and following up with them this is what I get
"United of Omaha has a $25.00 minimum to pay commissions. You have $22.91 pending to pay on the XXXXXXXX case so when the next premium is paid, you should be over the minimum to pay and commissions will release for the 2 payments.
25.45 prm x.90 rate = 22.91
Is this normal? I can't see making a living while building my business getting paid peanuts like this. Maybe down the road it could build up. But I've got expenses now! I don't have time to wait a year to recoup the money I put in. I received no indication that I would be paid monthly. Is this a mutual of Omaha thing? If that's a case I better be seeing a freaking years worth of interest on top of the money I'm to be paid.. WTH
What Solutions do you have for me?