I did not see where he said it was a Mutual. However, Columbian is New York Mutual and they pay in excess of 100% to the GA with the expense allowance. I have enver written one of their par plans and I am not sure they are competitive but that doesn't change teh comp..I assume GA and IMO are interchangeable, hey I am old!
In NY the highest comp a GA can get is 100%.
He has to hit certain benchmarks to get there.
Lots of companies pay 100% on whole life?, I dont know the FE market but no mutual licensed to do business in NY pays 100 points.
I cannot see any reputeable GA offering this guy much override.
He has no experience, he is entering the business part time and making no committment to the GA.
If he is offered 80% he should take it.
Asking this board what he is getting is ridiculous.
Ask the GA what he gets at $1000 of premium, that will be his final and correct answer.
On limited pay products he will get less......that is a different discussion.
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