We are committed to providing the compensation disclosure information you need to appropriately advise your customers.
Commission payouts are affected by the following thresholds:
Commission earnings not exceeding the above mentioned amounts will be held until additional commissions are earned to surpass the minimum payout amount.
For a commission period, $200.00 of commission is earned by an agent that is paid by check. A commission check will not be issued. Instead, the earnings will be held until additional commissions are earned and it surpasses $1,000.00. During the next commission period, $800.00 in commissions is earned. At the end of that period, a check for $1000.00 will be issued.
For commissions received via EFT, the same principal applies only the earnings threshold is $50.00.
EFT is a convenient service we offer our Producers. Consider these advantages:
• You’ll receive your commissions sooner via EFT.
• Commissions paid via EFT have a lower minimum payment threshold.
• Your commissions will be conveniently deposited into your bank account.
Simply complete a Commission Electronic Funds Transfer Form and return it to our Administrative Office along with an unsigned, blank voided check or savings deposit ticket.
Find answers to the most Frequently Asked Questions regarding commissions or contact us if you need further assistance.
* Commission schedules vary by State.