Every percentage in an increased commission level can make a massive difference!
Think about it...
(Disclaimer: just using random numbers, percentages and levels to show a point, just for example)
Let's say you currently have a 80% commission contract for a Life Insurance product. If you are writing just $10,000 a month in annualized premium - then your overall commission (advanced and as earned for year one) would be about $8,000 a month.
Not bad, but what if your goal is to earn at least $10K/month in Life commissions?
You "could" try to go find a few additional clients every month, which would be even more work & time that you may not have already...
OR
You could simply go get a 100% contract, and earn $10,000 a month for the same amount of effort you are putting in right now! However, on your own, a higher commission level may not be possible because you haven't written millions of dollars in premium and carriers won't up your level.
Well, we have! And that is why aligning with MyBrokerageWerks can allow you to obtain your own customized, higher level if you are a regular producer.
So let's play out this example with annuities:
(Disclaimer: again, using random numbers, percentages and levels to show a point, just for example)
Let's say you write 1 or 2 annuities every month, and average about $100,000 in premium each month. If you have a 4% commission level, that would be $4,000 a month in commissions.
BUT...
What if you were on a 6% commission contract with that same $100,000 in business?
Easy math here: That would be $6,000 in commissions or an ADDITIONAL $2,000 a month in commissions for the same effort!
** Disclaimer: Percentages are hypothetical and may be higher than some carriers will allow - these are simply examples.
Of course, high commission levels is not the only perk of "werking" with us... but it's a good one :) Simply click the button below to get more details of how you can receive personalized contract levels.
info@mybrokeragewerks.com