Fredda Desrosier
| Resumo da Biografia |
Because life and health insurance commissions are front-loaded, representatives usually don't get a commission after the 3rd policy renewal. At times, slave and independent representatives might make contingent commissions, which are incentive-based. Insurance coverage business or companies might set specific goals for achieving contingent commissions, such as: Reaching a specific volume of businessPolicy retentionGrowing a specific line of insuranceOverall success Overall, no matter the kind of representative, the higher a representative's book of company, the more commissions she or he earns. The majority of U.S. states have disclosure laws that need agents and brokers to supply this information. Some insurance representatives may get quarterly, semiannual, or year-end bonuses based on their sales performance. For captive agents, performance perks can amount to 20% or more of their income. Independent agents usually do not receive performance benefits |