Avelina Hession
| Resumo da Biografia |
Given that life and health insurance commissions are front-loaded, agents generally do not receive a commission after the 3rd policy renewal. Sometimes, hostage and independent agents may earn contingent commissions, which are incentive-based. Insurance companies or companies may set particular goals for accomplishing contingent commissions, such as: Reaching a particular volume of businessPolicy retentionGrowing a certain line of insuranceOverall success In general, no matter the type of representative, the greater a representative's book of business, the more commissions she or he makes. Many U.S. states have disclosure laws that need agents and brokers to offer this info. Some insurance coverage representatives may receive quarterly, semiannual, or year-end rewards based on their sales performance. For captive agents, efficiency perks can add up to 20% or more of their earnings. Independent agents typically do not receive performance rewards unless |