Commissions are assigned to HBW and paid as earned. Please allow a minimum of 4 to 6 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.
| HBW Level | NDA | EVP | AVP | PAVP | SAM | AM | REP 2 | REP 1 |
|---|---|---|---|---|---|---|---|---|
| Percentage Payout | 95% | 92.50% | 90% | 80% | 70% | 60% | 50% | 45% |
Commissions and override percentages are based upon the product payout, then by your HBW level.
Example: Commissionable Premium x Product Payout x HBW Assigned Level = Commission
| Disability | Products | Product Payout 1st Year |
Product Payout Years 2 to 10 |
|---|---|---|---|
| Standard Insurance | IDI, BOE, DBO | 50% | 3% |
| MetLife | IDI, BOE | 50% | 3% |
| Union Central | IDI, BOE | 50% | 3% |
| Mass Mutual | IDI, BOE, DBO | 50% | 3% Years 2-5 1% Years 6-10 |
| Assurity | IDI | 50% | 5% CA / 6% All other states |
| Assurity | Graded Benefit | 35% | 2% |
| Assurity | Graded Benefit (CA/FL) | 30% | 1% |
| Fidelity Security | IDI | 30% | 2% |
| Lloyds/Peterson | IDI, BOE, DBO | 10% | 6% Years 2-3 |
IDI - Individual Disability Insurance. BOE - Business Overhead Expense. DBO - Disability Buy/Sell.