Commissions Question

[5starfinancialhealth]

Supposing you sell a standard Major med with a 15% contract rate at $200 premium and you don't take any advanced commissions what would they pay out be for issuing the policy?

Also if it was a 3 month advance what would you be looking at?

 

[tins]

Supposing you sell a standard Major med with a 15% contract rate at $200 premium and you don't take any advanced commissions what would they pay out be for issuing the policy?

Also if it was a 3 month advance what would you be looking at?

The payout would be 15% of that premium.

If you get a 3 month advance, multiply by...3

 

[5starfinancialhealth]

The payout would be 15% of that premium.

If you get a 3 month advance, multiply by...3

Thats what I figured. There is no signing on bonus or anything for initally enrolling them with the carrier though?
- - - - - - - - - - - - - - - - - -
so is that a no? its just the flat percentage when you enroll them? no enrollment bonus?

 

[taterpeeler]

Flat percent.... 15% exceds the normal 10 or 12. You must be assignincommission...if so enjoy your short time in the biz