Delorse Goold
| Resumo da Biografia |
Given that life and medical insurance commissions are front-loaded, agents generally don't get a commission after the 3rd policy renewal. Sometimes, slave and independent agents might earn contingent commissions, which are incentive-based. Insurer or companies might set particular objectives for accomplishing contingent commissions, such as: Reaching a specific volume of businessPolicy retentionGrowing a specific line of insuranceOverall success In general, no matter the type of representative, the greater an agent's book of company, the more commissions she or he makes. Many U.S. states have disclosure laws that require representatives and brokers to provide this information. Some insurance coverage representatives may get quarterly, semiannual, or year-end benefits based upon their sales performance. For captive representatives, performance bonuses can include up to 20% or more of their earnings. Independent representatives generally do not get efficiency |