EIUL agent commissions

Message

Author

	Add to del.icio.us
	Add to YahooMyWeb
	Add to Simpy
	Add to BlinkList

Posted: Sat Nov 14, 2009 9:09 pm Post subject: EIUL agent commissions

What are common agent commissions on this product? ie: $10,000 premium years 1-7 what would the agent receive 1st year and trailing 2-7? Thanks. _________________ Register Now to have your Insurance queries solved.

anonymous59

Guest

Posted: Mon Nov 16, 2009 7:13 am Post subject:

Quote:

$10,000 premium years 1-7 what would the agent receive 1st year and trailing 2-7?

Has anyone come up with such an offer for you?
I'm not quite quite sure of what these figures signify. I thought this $10,000 has to be paid as 'premiums' for over a period of 7 years.
_________________
Register Now to have your Insurance queries solved.

Crossbreed

Guest

Posted: Mon Nov 16, 2009 4:12 pm Post subject:

70,000.00 total premiums @ 10,000 per year for 7 years. _________________ Register Now to have your Insurance queries solved.

anonymous59

Guest

Posted: Tue Nov 24, 2009 3:22 pm Post subject:

Nobody??? Did I ask on the wrong forum??? _________________ Register Now to have your Insurance queries solved.

anonymous59

Guest

Posted: Wed Dec 23, 2009 6:23 am Post subject:

it would depend on the contract level of the agent. The first year premium is the most substantial to the agent. The insurance company may pay over 110% commission on the first year. An agent with an 80% comm rate would receive 8000 in the first year, but subsequent years would only receive 2-3% renewals on the 10 grand (2-3 hundred comm). Of course, I'm not an expert in this arena... _________________ Register Now to have your Insurance queries solved.

anonymous 57

Guest

Posted: Wed Dec 23, 2009 7:43 pm Post subject:

Thanks anonymous 57 _________________ Register Now to have your Insurance queries solved.

anonymous59

Guest

Posted: Thu Dec 24, 2009 2:52 am Post subject:

Many carriers will give you 75 to 95% first year premiums with 2 to 4% years 2 through 7, or possibly 10. Annualization may NOT be offered because ULs are flexible premium (even if target premium is x)...taking commish As Earned is not so bad on such a large premium as this. _________________ Register Now to have your Insurance queries solved.