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Whole Life Insurance Commission Schedule Example

  Commissions - Percentage of Premium
  1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th
Whole Life                      
WL-I, WL-IV, & Grad. Death Ben. Pln. 95.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0 ---
 

* On the Graded Death Benefit Plan if death occurs in the first six months there will be a 100% chargeback of commissions. If death occurs in the second six months there will be a 50% chargeback of commissions - thereafter no chargeback.

 
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In addition to Whole Life Commissions:

     
  • Renewal Commissions
  • Persistency Bonus
  • Production Bonus
  • Contests
  • Growth Bonus
 
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North Coast Life Insurance
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