Compensation

  • Bonuses
  • Charge Backs
  • Commissions
  • Fee For Service
  • Fee Only
  • Flexible Compensation
  • Overrides
  • Servicing
  • Target Premium
  • Trips, etc
  • From a distribution perspective, I think one of the challenges that face us in UL is the servicing of UL. 
  • Flexible premium, high-degree-of-service UL products have little or no renewal compensation paid if there’s no premium paid. 

—  Daniel F. Byrne

1999 – SOA – The Next Generation Universal Life, Society of Actuaries – 30p

  • 1986 – SOA – New Forms of Agency Compensation — Impact On Product Design And Company Profitability, Society of Actuaries – 42p