Roseline Jauregui
| Resumo da Biografia |
Because life and health insurance coverage commissions are front-loaded, representatives generally do not get a commission after the 3rd policy renewal. Sometimes, captive and independent agents might make contingent commissions, which are incentive-based. Insurance business or agencies may set specific objectives for accomplishing contingent commissions, such as: Reaching a certain volume of businessPolicy retentionGrowing a particular line of insuranceOverall success Overall, no matter the kind of representative, the higher an agent's book of business, the more commissions she or he makes. Most U.S. states have disclosure laws that require representatives and brokers to provide this details. Some insurance coverage representatives may receive quarterly, semiannual, or year-end bonus offers based on their sales efficiency. For captive representatives, performance perks can include up to 20% or more of their income. Independent agents generally do not |