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Fixed Annuities CommissionsCommissions are assigned to HBW and paid as earned. Please allow a minimum of 2 to 3 weeks for commission statements to be received by HBW. Commission checks are processed each week on Friday and mailed no later than Monday. Please note that a minimum in $100 in commissions must be obtained before checks are generated. In addition to the following commissions, AVPs, EVPs, and NDAs receive generational overrides.
*Includes all brokerage carriers offered through Creative Marketing International Corp. and Principal Financial Group, a direct access carrier, paid through HBW. Commissions and override percentages are based upon the product payout, then by your HBW level. HBW-Creative Marketing Fixed Annuities Brokerage Division CommissionsHBW-Creative Marketing Fixed Annuities Brokerage Division Commissions Commissions Limitations PeriodThe Commissions Limitations Period ("CLP") limits the initial commission payout for a fixed annuity sale to a maximum (cumulative) of $10,000.00 to the entire hierarchy for a 30 day period following the commission statement date. Any additional commissions still owed to the selling agent and hierarchy will be paid following the 30 day limitation period. This assures all of us that we are through the "Right of Examination Period" (Free Look Period) and the contract is in force prior to payment of an extremely large commission that could create a detrimental chargeback before the client's grace period is over. To learn more about the Fixed annuities offered through HBW, please visit these websites:
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