IUL Commission

[RunnerDude]

What is the average commission on an IUL policy?

 

[Tahoe Ray]

What is the average commission on an IUL policy?

If run properly for max cash accumulation, probably around 30-35% of the premium.

 

[Amanda Ninh]

40%-70% of annual premiums

 

[Tahoe Ray]

40%-70% of annual premiums

That seems really high assuming max funding.

What carrier hits 70%?

 

[scagnt83]

40%-70% of annual premiums

40% maybe. No way 70% if you are max funding a good product. Ive never even seen 50% on a product I would personally own.

 

[Lewis_FL]

90% of first year Target, 2% on excess. Maybe a couple % trail.

 

[scagnt83]

90% of first year Target, 2% on excess. Maybe a couple % trail.

And Target on an overfunded policy is usually in the 30%-40% range of total premium paid.

 

[Sheryl J Moore]

That number really doesn't have any validity just because some companies use a high target/low payout, some use low target/high payout, and some land in the middle. However, per "Wink's Sales & Market Report," the most recent quarter's average IUL target premium was $10,920.00. sjm

 

[Life Hawk]

What is the average commission on an IUL policy?

... wow that was a long answer to a short question and I'm not sure @RunnerDude got an answer? Looking for percentage or average commission per sale?

 

[Tahoe Ray]

... wow that was a long answer to a short question and I'm not sure @RunnerDude got an answer? Looking for percentage or average commission per sale?

IUL commissions are based on target, not premium so it really isn't a cut and dry answer.