Prudential Financial Commissions

[bluemarlin08]

Much more liberal and I do a fair amount of business with all 3. In addition, Banner gives some very good rates because they retain the first million of coverage and don't send it out to reinsurance.

 

[CHUMPS FROM OXFORD]

For you guys that have been around a while, so you remember CNA's "smoker's choice"?

They gave smokers a standard NS rate for three years as an inducement to quit smoking.

CNA also had a "combo rider" that essentially meant a $1,000,000 policy was really a $10,000 policy with a $990,000 rider. I'm sure they had a reason for doing that. It did not have any bearing on the convertibility though.

And seceral butcher's aprons.

 

[Winter_123]

145%....man you guys are getting screwed!

Through what kind of arrangement. Are you a managing general agency/broker/whatever or what?

Winter

 

[bluemarlin08]

senior advisor indiana,
I think you might be pulling our leg, but if not, what kind of deal would you do if I wrote business with your firm?

 

[senior-advisor-indiana]

I'm sorry guy, I was pullin your leg. I tried to make the number high enough that you would know...my bad

 

[WBunch]

What brokerage firm gives you higher than 75%? Please let me know because I need to contract with them. Pru is now the new leader with impaired risk in the term market, plus has a special class for tobacco users that don't smoke cigs.

I am contracted with Pru through LifePro. They only give that level to Platinum Level Producer Group level producers.

 

[bluemarlin08]

WBunch,
What level commish does Lifepro offer?

 

[WBunch]

I have a 90% contract with them but I'm also a Platinum member of their Producer Group. Being a member gets you above street level and as you qualify for gold and platinum gets you a higher payout. I have no idea what their street level is. I contracted with Pru after I was a Gold Qualifier.

 

[Marc]

Thanks all.

Thanks for the replies I just wanted to make sure i didn't settle for less than I deserved. Also glad to hear all of the positive feedback on underwriting!

 

[Rick C]

What kind of commissions are you guys getting on Prudential Financial term products? Just trying to see what's out there. thanks!

95% on Term Essential 30 year
100% on Term Elite

My commissions are paid as earned.