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.