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What no ones mentioning is Akim could care less if persistency is 60% in the first yr are even if the agent makes it more than a yr or 2. Were he;s making the huge money is the back end renewal overwrite. He"s paying his agents 2-3% and probably his contract pays him 13-15%. Think about making 12% overides yr after yr on Millions of $'s of premium in addition to making 70-80% off the first yr commission. All he wants to do is break even after all costs off the first yr business and his huge profit comes off the renewals.
He could care less? Or couldn't care less? I assume you meant couldn't by the rest of the statement.
But seriously, he has to care. The companies he works with care.