Level Commission
Definition of "Level commission"
Compensation in which an insurance agent's fee for the sale of a policy is the same year after year. Most life insurance companies pay a high first year commission and lower commissions in later years. This commission structure is controversial since critics feel that it is heavily weighted towards selling a product at the expense of subsequent service.
Popular Insurance Terms
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Frequency of premium payment; for example annually, semiannually, quarterly, or monthly. ...
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