Given that life and medical insurance commissions are front-loaded, agents typically do not get a commission after the third policy renewal. At times, slave and independent agents might earn contingent commissions, which are incentive-based. Insurer or firms might set particular goals for attaining contingent commissions, such as: Reaching a particular volume of businessPolicy retentionGrowing a particular line of insuranceOverall success In general, no matter the kind of agent, the higher a representative's book of business, the more commissions he or she earns.

Most U.S. states have disclosure laws that need agents and brokers to supply this info. Some insurance coverage representatives might get quarterly, semiannual, or year-end bonus offers based upon their sales efficiency. For captive representatives, performance benefits can amount to 20% or more of their earnings. Independent representatives usually do not receive efficiency bonuses unless

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