PhxSunsFan
Guru
- 602
wondering if other agents are getting more than 75% with GTL? how much? thanks
GTL comm rates
- Thread starter PhxSunsFan
- Start date
Discussing commissions is like a 80 yr old woman discussing her age . If I worked a deal out with my IMO for 10-15 above street he doesn't want me telling everyone . Just like selling a policy depends on the skill of the salesman . Negotiating contracts takes a willing IMO to negotiate and the ability for the agent to negotiate and what do you have to offer . Few IMO's are giving you more than 75% unless you have an relationship with them . The 75% commish is really 70% as they don't pay commish on the policy fee .
- Thread starter
- #3
PhxSunsFan
Guru
- 602
thanks for the reply... takeaway is that 75 is street and a big user of gtl can try for 90? thanks... without discussing imo ,,,,
- 4,122
75 is very fair for an agent
FinalExpenseMan
New Member
- 8
GTL comp requirements for Heritage plan are as follows:
75% - max without proof
80% - 100k proof
85% - 250k proof
90%&Up - 500k proof
75% - max without proof
80% - 100k proof
85% - 250k proof
90%&Up - 500k proof
- 4,122
Plus they make you wait 6 months to get an increase after transferring.
This is common for traditional life. Is this uncommon for FE?
- 4,122
Yes, generally uncommon.
Thanks...that's interesting.
A lot of the carriers (life and annuity) have those rules so somebody above street can't just jump in and offer an agent 5 points extra to move their contract.
My guess is those are normally the worst agents to contract anyway (unless you're getting hosed w/ your current IMO).
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