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
| Carrier | Product Payout 1st Year | Product Payout Years 2-10 | Product Payout Years 11+ |
|---|---|---|---|
| GE Capitol | 55% | 5% | 5% |
| John Hancock | 60% | 5% | 5% |
| MedAmerica | 55% | 7% | 3.5% |
| MetLife | 55% | 7% | 1% |
| Prudential | 55% | 7% | 1.5% |
* NOTE: Due to some state specific first year commission rate restrictions, "Year 1" commissions will be paid at lower rates than the above schedule. This applies to the states of Delaware, Indiana, Michigan, and Wisconsin. Call HBW for details.