Series 6, 7 and 63 License . . .

[goillini52]

Ha - you never know with me . . .

When she showed me her growth - man, it was crazy. The way I understand it - I earn commissions on that "growth" in addition to the initial Annuity funding.

Not certain on that ^^^ still researching . . .

Just a heads up, the E&O you've got won't cover you for Variable Annuities.

 

[myinsurebiz]

Those are called trails and are a commission option that you can choose.

The less upfront comp you take, the higher your annual comp (normally topping out at 1%)

To add one thing: when the market invariably goes down, so will your trails. I know several advisors that struggled in '01/'02 and '08/'09 essentially losing >30% of their income.

It is recoverable but not fun during......

1% of the GDC or of the investment dollars? I saw in one area that an Adviser could make 30% to 40% of the GDC created . . .

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Just a heads up, the E&O you've got won't cover you for Variable Annuities.

Yea - true . . . But - that's only money right

 

[goillini52]

Ha - you never know with me . . .

When she showed me her growth - man, it was crazy.

Well, at least her husband didn't show you his "growth". That would be icky!

 

[myinsurebiz]

Well, at least her husband didn't show you his "growth". That would be icky!

Bahahahaha - you missed your calling. You'd make a great Stand Up or Improv Comic . . . You have awesome, quick comebacks. I can't wait to meet you in person Amtrak!

 

[Tahoe Ray]

1% of the GDC or of the investment dollars? I saw in one area that an Adviser could make 30% to 40% of the GDC created . . .

----------

Yea - true . . . But - that's only money right

1% of the assets.

 

[goillini52]

Bahahahaha - you missed your calling. You'd make a great Stand Up or Improv Comic . . . You have awesome, quick comebacks. I can't wait to meet you in person Amtrak!

Hey, I'm the Unknown Comic.

 

[myinsurebiz]

1% of the assets.

How does the earned commission % of the GDC created work? Is there such a commission structure?

 

[DHK]

Oh geez. I wish I saw this thread before I responded to a PM.

Oh well.

 

[Tahoe Ray]

How does the earned commission % of the GDC created work? Is there such a commission structure?

I don't understand the question...short of death or surrender in the first year, you normally don't have a chargeback on an annuity.

 

[goillini52]

Oh geez. I wish I saw this thread before I responded to a PM.

Oh well.

I thought you had your PM machine turned off. Did it automatically restart at midnight?