Mutual of Omaha Commission in IL

Mar 8, 2019

  1. insurgal81
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    insurgal81 Expert

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    Hi everyone. I am primarily a med supp agent but I recently wrote a Mutual of Omaha LTC policy in Illinois. Does anyone know what the average commission should be? I was told I am at a 50% level which I feel like may be below street level.
    My upline just pretty much told me that is what my level is and MOO cant discuss commissions with me when I call.

    Any help is appreciated, thank you!
     
  2. Allen Trent
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    Allen Trent Guru

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    depends on age, if group or employer paid, etc. if the attached below is still accurate. Looks like between 37% & 72% depending on age, so looks like you got a pretty good deal I found it posted here from the Googler: https://www.bestmedicaresupplement.com/state/mo-product-commissions.pdf

    upload_2019-3-8_17-25-15.png
     
  3. insurgal81
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    insurgal81 Expert

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    They are both 63 so if the commission for under 65 is 72% I feel like 50% is a little low.....

    Do you know if that is that the standard “street” commission schedule?
     
  4. Todd King
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    Todd King IMO/FMO Owner

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    And it is. The pic that Allen put up should be street level.
     
  5. ltcadviser
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    ltcadviser Guru

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    50% is low.
     
  6. yankee466
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    yankee466 Guru

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    Are you being provided with the leads, or you are generating your own business. It can make a difference if an upline is doing a lot of work to get you the biz, possibly through an association., or you work for a health insurance agency like Insphere who takes a cut. Here you agreed to work for a specific level, but the upper end of the pyramid gets more money, and possibly your renewals if you are not careful.
     
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