COMPANY COMMISSION PAYOUT SCHEDULE

Carrier: Payment Type: Payout   Schedule: Cutoff Date: Commissions Release: Payment Minimum:
AIG/American General
Direct Deposit Weekly1 Friday 2 Business days following cutoff $50.00
Paper Check Bi-Weekly1 Friday 3 business days follwoing cutoff $50.00
 Allianz
Direct Deposit Daily Previous business day Following business day $0.00
Paper Check Weekly Friday Following Wednesday $0.00
 American National
Direct Deposit  & Paper Check Weekly Friday 3 Business days following cutoff $50.00
 Athene Annuity
Direct Deposit Weekly Friday Following Monday $20.00
Paper Check Monthly Last Friday of the month Following Monday $20.00
 Aviva
Annuity: Direct Deposit Daily End of day 2 Business days after cutoff $100.00
Annuity: Paper Check Monthly Last day of month 1 Business day after cutoff $300.00
Life: Direct Deposit Weekly and Month End Friday & last Monday of the month Following Tuesday $100.002
Life: Paper Check Monthly Last day of the month 1 Business day after cutoff $300.002
AXA
Direct Deposit & Paper Check Weekly Thursday Following Friday Renewals – $250.00
Fidelity
Direct Deposit & Paper Check Weekly Friday Following Tuesday $50.00
Genworth
Life & Annuities: Direct Deposit Weekly Thursday Following Monday $50.00
Life & Annuities: Paper Check Quarterly Thursday Following Monday $50.00
LTC: Direct Deposit & Paper Check Weekly Friday Morning Following Monday $50.00
Great American
Direct Deposit & Paper Check Choice of Daily, Weekly, or Monthly Varies Varies $50.00
ING
Annuity: Direct Deposit Daily End of day 3 Business days after policy issue $25.003
Annuity: Paper Check Weekly Friday Following Thursday $200.003
Life: Direct Deposit Weekly Friday Following Tuesday $5.00
Life: Paper Check Monthly Lasy day of the month 2 Business days following cutoff $25.00
John Hancock
Direct Deposit Weekly Friday Following Wednesday $0.00
Paper Check Weekly Friday Following Tuesday $150.00
LTC: Direct Deposit & Paper Check Weekly End of day on Tuesday Within 3 business days after cutoff $0.00
Legal & General
Direct Deposit & Paper Check Choice of Daily, Weekly, Bi-Weekly, 3x per month, or Monthly Varies – Determined for each agent 3 Business days after cutoff $50.004
Lincoln Financial
Direct Deposit & Paper Check Weekly Friday Following Tuesday $10.00-DD, $2,500.00-Ck
MetLife
Life: Direct Deposit Weekly Friday Wednesday $0.00
Life: Paper Check Quarterly Last Friday of the quarter-end 3 Business days after quarter-end $250.00
LTC: Direct Deposit & Paper Check Weekly Friday Following Wednesday $5.00
National Western
Direct Deposit & Paper Check Choice of Daily, Weekly, Bi-Weekly, or Monthly Varies- Determined for each agent 1 Business day after cutoff Daily: $500.00; Other Modes: $50.00
Nationwide
Direct Deposit Weekly Friday Following Monday $0.00
Paper Check Weekly Friday Following Tuesday $0.00
North American
Annuity:Direct Deposit & Paper Check Daily End of day Following Business day $50.005
Life: Direct Deposit & Paper Check Weekly6 Thursday Following Tuesday $50.00-DD, $150.00-Ck
Principal
Direct Deposit & Paper Check Twice per month-15th & 30th Twice per month-15th & 30th 2 Business days after cutoff $50.00-Ck
Protective
Direct Deposit Weekly Friday Following Monday $0.00
Paper Check Monthly Last day of the month 2 Business days after cutoff $100.00
Prudential
Direct Deposit & Paper Check Weekly7 Friday Following Tuesday $0.00-DD, $100.00-Ck
SBLI
Direct Deposit & Paper Check Weekly Friday Following Tuesday $10.00-DD, $200.00-Ck
Transamerica
Life: Direct Deposit & Paper Check Bi-Weekly Friday Ck: Monday, EFT: Tuesday $250.00-Ck
LTC: Direct Deposit & Paper Check Monthly8 21st-22nd of the month 5 Business days into the following month $25.00
United of Omaha
Direct Deposit & Paper Check Weekly Monday-DI & LTC, Tuesday-Life & Annuities Friday $25.00-DD, $150.00-Ck
Zurich
Direct Deposit & Paper Check Weekly Wednesday – noon Thursday $100.00

NOTES

1AIG/American General: Commission above $50k is held for 7 days once the policy is inforce.

2Aviva Life: $25K maximum commission per policy until 10 days following signed delivery receipt is processed. $100K limit per agent.

3ING Annuity: $30K maximum commission- balance is held until 30 days after the signed delivery receipt is processed.

4Legal & General: Premium above $25K- commission is held for 14 calendar days from the premium received date.

5NA Annuity: Premium of $500K and above- holds the entire commission until 30 days after signed delivery receipt is processed.

6NA Life: 1035 premiums- commissions are held for one cycle.

7Prudential: First commission is sent as a check- pre-note EFT- release as EFT 2 weeks after pre-note.

8Transamerica LTC: For direct deposit, there is the option of receiving “issue payments,” which pay daily for the first payment on any new case.

TO LEARN MORE…

Contact the BSMG Contracting, Commissions, and Licencing team!