Given that life and medical insurance commissions are front-loaded, representatives generally do not get a commission after the third policy renewal. Sometimes, hostage and independent agents may earn contingent commissions, which are incentive-based. Insurance provider or agencies may set particular goals for achieving contingent commissions, such as: Reaching a certain volume of businessPolicy retentionGrowing a particular line of insuranceOverall success In general, no matter the kind of agent, the greater an agent's book of business, the more commissions he or she makes.

Most U.S. states have disclosure laws that require representatives and brokers to provide this details. Some insurance representatives may receive quarterly, semiannual, or year-end benefits based on their sales efficiency. For captive agents, efficiency bonus offers can amount to 20% or more of their income. Independent agents typically do not receive performance rewards unless

check my blog