What Are Daily Commissions?

[goillini52]

I thought this was a joke.

Daily commissions ~ Commissions paid daily. So if a policy us issue/paid on Tuesday it pays that day. If a as earned is earned on Thursday it pays Thursday. Renewals then to pay bi~weekly or once a month. I do not care for that option.

The commissions are processed daily, but it takes a couple of days to show up in your account.

 

[Newby]

I thought this was a joke. Daily commissions ~ Commissions paid daily. So if a policy us issue/paid on Tuesday it pays that day. If a as earned is earned on Thursday it pays Thursday. Renewals then to pay bi~weekly or once a month. I do not care for that option.

I run it pretty tight. I'm looking for one that pays hourly. Daily just isn't fast enough for me.

 

[WinoBlues]

I run it pretty tight. I'm looking for one that pays hourly. Daily just isn't fast enough for me.

Ha, back in my adult day care days I had people losing their minds if they had to wait a weekend. Could not understand that if they kept the pipeline full something would always be coming out the other end.

 

[Iwillpay]

I set mine up for weekly because it made sense. What is daily? Sounds like an accounting nightmare.

You would be surprised how this option helps your cash flow.

 

[Tahoe Ray]

I set mine up for weekly because it made sense. What is daily? Sounds like an accounting nightmare.

I don't understand how this is an "accounting nightmare"

I have a few annuity carriers that pay daily, and it hasn't been a problem.

My books are done every two weeks so everything just rolls together.

 

[The Gimp]

Daily means you have to wait for a specific day of the month to receive a deposit.

Wow my bad. I have no idea how that happened!

 

[goillini52]

Wow my bad. I have no idea how that happened!

Hahaha...I do. What've you been smoking?

 

[Tkruger]

Hahaha...I do. What've you been smoking?

That's not legal (yet) in FL.

 

[goillini52]

That's not legal (yet) in FL.

Hahaha, then he'd better be more careful until it is.

 

[WinoBlues]

I don't understand how this is an "accounting nightmare"

I have a few annuity carriers that pay daily, and it hasn't been a problem.

My books are done every two weeks so everything just rolls together.

Ray the difference may be that annuities typically pay once. So that would be more like a life insurance advance.