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Generational Overrides
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Generational overrides are only available to AVP, EVP, and NDA levels. An AVP can override and EVP or NDA at the 1st or 2nd override levels, respectively.
$25,000 in annual base shop production, $10,000 in annual personal production, or 10 licensed recruits per year is required to maintain overrides.
Generational Overrides for Life Insurance
| Level |
AVP over AVP
EVP over EVP
NDA over NDA |
EVP over AVP
NDA over EVP |
NDA over AVP |
| 1st Level |
7% |
12% |
17% |
| 2nd Level |
3% |
8% |
13% |
| All Subsequent Levels |
- |
5% |
10% |
Generational Overrides for Fixed Annuities, Disability Insurance, and Long Term Care
| Level |
AVP over AVP
EVP over EVP
NDA over NDA |
EVP over AVP
NDA over EVP |
NDA over AVP |
| 1st Level |
3% |
5.5% |
8% |
| 2nd Level |
2% |
4.5% |
7% |
| All Subsequent Levels |
- |
2.5% |
5% |
NOTE: Generational overrides may not apply to all fixed annuity products.
Generational Overrides for Senior Settlements and Residential Mortgages
| Level |
AVP over AVP
EVP over EVP
NDA over NDA |
EVP over AVP
NDA over EVP |
NDA over AVP |
| 1st Level |
7% |
12% |
17% |
| 2nd Level |
3% |
8% |
13% |
| All Subsequent Levels |
- |
5% |
10% |
Generational Overrides for Commercial Mortgages
and Reverse Mortgages
| Level |
AVP over AVP
EVP over EVP
NDA over NDA |
| 1st Level |
5% |
| 2nd Level |
2% |
EVPs override AVPs at all levels including third and below by an additional 2.5%
NDAs override AVPs at all levels including third and below by an additional 5.0%
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