Because life and health insurance commissions are front-loaded, agents typically don't receive a commission after the 3rd policy renewal. At times, slave and independent agents may make contingent commissions, which are incentive-based. Insurer or companies might set specific objectives for accomplishing contingent commissions, such as: Reaching a specific volume of businessPolicy retentionGrowing a particular line of insuranceOverall success Overall, no matter the kind of representative, the greater a representative's book of organization, the more commissions he or she makes.

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

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