Because life and health insurance coverage commissions are front-loaded, representatives usually don't receive a commission after the 3rd policy renewal. At times, slave and independent representatives might earn contingent commissions, which are incentive-based. Insurance companies or firms might set certain objectives for achieving contingent commissions, such as: Reaching a certain volume of businessPolicy retentionGrowing a certain line of insuranceOverall profitability In general, no matter the type of agent, the greater a representative's book of business, the more commissions he or she earns.

The majority of U.S. states have disclosure laws that require agents and brokers to offer this information. Some insurance coverage representatives might get quarterly, semiannual, or year-end benefits based upon their sales performance. For captive representatives, efficiency perks can include up to 20% or more of their earnings. Independent agents normally

check this