Because life and medical insurance commissions are front-loaded, representatives usually don't get a commission after the 3rd policy renewal. At times, captive and independent agents might earn contingent commissions, which are incentive-based. Insurance business or agencies may set specific objectives for accomplishing contingent commissions, such as: Reaching a specific volume of businessPolicy retentionGrowing a specific line of insuranceOverall success Overall, no matter the type of representative, the greater an agent's book of company, the more commissions he or she earns.

The majority of U.S. states have disclosure laws that need representatives and brokers to supply this details. Some insurance coverage representatives may receive quarterly, semiannual, or year-end bonus offers based on their sales efficiency. For captive agents, performance benefits can amount to 20% or more of their income. Independent representatives generally do not get

her response