Iul how do you paid on it ? If monthly or lump sum single payment ?

Aug 2, 2015

  1. tjwade1
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    tjwade1 New Member

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    Just wondering how commissions are paid on big IUL CASES AND THE AVERAGE MONTHLY PMT CASES ...AND lump sum single payment hundred grand
     
    tjwade1, Aug 2, 2015
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  2. TwiLight
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    TwiLight Guru

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    State:
    Michigan
    Usually you are paid your FYC % up to target premium and then paid on the Excess % in your commission Scale.

    Ex: Target is $6,000 and excess prem is $94,000 on a lump sum payment of $100,000.

    FYC is 100% and Excess is 3%.

    Commission is $6,000 + $2,820 for a total FYC of $8,820.

    Hope this helps you.

    Skipper.
     
  3. cowgoesMoO
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    cowgoesMoO Super Genius

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    Most carriers have a $2500 limit on advances as well, the rest goes as earned.

    That's my experience anyway
     
  4. Hopwood04
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    Hopwood04 Super Genius

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    State:
    Illinois
    Midland will pay you a single lump sum option c or target plus excess. You choose which is higher commission
     
  5. jboussea
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    jboussea Guru

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    Wouldn't that be considered "arned" since it's a single premium?
     
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