Bird Tressie
| Resumo da Biografia |
Given that life and medical insurance commissions are front-loaded, representatives normally do not receive a commission after the 3rd policy renewal. Sometimes, hostage and independent agents may earn contingent commissions, which are incentive-based. Insurer or firms might set particular objectives for accomplishing contingent commissions, such as: Reaching a certain volume of businessPolicy retentionGrowing a specific line of insuranceOverall profitability Overall, no matter the type of agent, the higher a representative's book of service, the more commissions she or he earns. Most U.S. states have disclosure laws that require agents and brokers to offer this details. Some insurance agents may receive quarterly, semiannual, or year-end perks based upon their sales efficiency. For captive representatives, efficiency bonus offers can amount to 20% or more of their earnings. Independent agents typically do not receive efficiency perks unless they work |