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Commission on a typical 20 Year Term Product:
$635 - $50 (policy fee) = $615 x 85% =
$522.75
No renewals. |
Commission on typical UL
Product:
Year 1:
3580 x
80% = $2864
Many of our UL products have a "rolling target" meaning you receive
first year commission levels (in this case 80%) until the commissionable
premium amount has been paid.
In this example it breaks down like so:
CP is $4600. So, 4600 - 3580 =
1020 x 80% = $816
(Remainder) 3580 - 1020 = 2560 x 2%
(renewal) = $51
Year 2 Commissions = $867
Years 3-10:
$3580 x 2% for 8 years =
$572
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