Stupid Commission Question

[bhoward]

If I have a policy where the monthly premiums are $100, or the annual policy is $1150, and the client goes with the monthly installments, are commissions based on $1200 or $1150?

I picked the numbers for ease of math...

 

[David C]

It depends.

With as earned you will get a percentage of the monthly premium. Paid every month.

With advanced commissions you'll get a percentage of the 1200.00.

 

[Newby]

You are usually paid a % of annulized premiums. Regardless of if you are as earned or advanced. It doesn't matter if the client pays monthly or annually.

 

[briko3]

Yep...based on annualized commissions. Usually if your'e talking about a UL policy, the target is going to be the same regardless of how they pay.