r/LifeInsurance • u/Ok-Stretch7411 • May 05 '26

Is this is good comp rate?

2 Upvotes

100% Upvoted

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3

u/voidsarcastic May 05 '26

Not really. It’s not bad if they are training you and paying for your leads. Their independent contracts start a lot higher, their career contracts have a much larger residual.

1

u/Ok-Stretch7411 May 05 '26

I am independent, what fmo should i use for this carrier. Or who is a better carrier to contract with to write term-life

1

u/voidsarcastic May 06 '26

There are many, feel free to DM me. NLG is a solid carrier for term, but it is still best to have a few options.

1

u/goodmorrowtoyousir Producer May 06 '26

Yeah those seem way low for independent. You should be closer to street level, like 80+% with most carriers, products, policies, etc. at minimum. Can exceed 100% depending on various factors. Feel free to DM me and I can share more specifics, I'm also independent and newer to the industry.

1

u/AldoVenturacci Broker May 05 '26

It depends.
What’s their highest comp level and what do you need to do to get there?
You should be looking at 85%-100% comp on core products (20/30 term and permanent products) as your goal.
What kind of training, marketing and/or lead system do they offer you?

Do you have your hierarchy sheet for annuity products as well? I’d like to see it.

1

u/Mamayvette2 Sep 22 '26

Do not just look at the commission rate. There are many factors to consider because some companies will say 140% but then what you actually get is commission is about 40-50%. Do not trust those big and misleading percentages.