Originally Posted by FMOadvisor
Yes, that is correct, the agent will retain all renewals (as long as they are contracted as an agent and not a "solicitor"). Agents are paid directly by UHC and retain renewals. Solicitors are paid by their upline. I don't know many uplines that would pay renewals to a solicitor unless they had a prior written agreement to do that.
Interesting....so lets run that through.
1. Solicitor gives notice to present Upline broker.
2. Agent leaves the broker starts writing his own biz.
3. In 6 mths, he gets a release from broker (automatically)
QUESTION: (since the agent won't be released for 6mths), when does the "agent" get paid on his "New Business?"
IE: Perhaps you can give an example of what you are talking about?