Commission After Draft

[donamese]

I know there was a thread here but I can't find it. I know there are a couple companies that pay commissions 3-5 days after the draft date (theoretically so they know they have the money). I can't remember who it was. Anyone know or remember the thread it was in?

 

[Baseball7]

Liberty bankers will hold the commissions until they receive premium. Generally you’re looking at a two week delay but it’s a pretty foolproof system if you’re afraid of first draft chargebacks. I’m pretty confident that Great western doesn’t release commission until they’ve received premium back as well.

 

[FinalExpenseDojo.com]

I don't remember the thread. But...

The 2 carriers that come to mind that do this are Prosperity & Liberty Bankers Life. I'm sure more agents will come in with more below

 

[Crazytiger]

Equitable also

My suggestion would be to write a co that has a solid ss billing program and not worry about if the draft clears or not

 

[Life Hawk]

Great Western is one... and talk about slow, they are the slowest paying company I've ever had.

Is KSKJ life the same?

 

[NAF1138]

Great Western is one... and talk about slow, they are the slowest paying company I've ever had.

Is KSKJ life the same?

Not slow like they used to be but still run a couple days behind the draft. Used to be almost a week though. Progress!