Agents & Commissions

LIFEfit supports sophisticated Agent networks & hierarchies.

Commission Structure
Multiple commission hierarchies – structures (class of agent), plan access for individual agent types
Premium Based Commission, Trailer Commissions (Policy value based), Override Commission

COMMISSION PAYMENTS

Payment Methods:
  • Direct Credit
  • Cheque
  • Telegraphic Transfers – domestic and foreign
  • SWIFT
Full accounting
Full accounting for commission payment & earnings

Indemnification & clawback
Full record and control

Multi-currency
Currency conversion throughout the system: the agent can choose to be paid in any currency irrespective of policy currency.

COMMUNICATION
Agent related data is stored – which policies & charges belong to an agent Remote internet access for agents for their own clients.

Commission Statements:
  • generated automatically
  • include commissions hierarchy
  • emailed or posted to agents
Reports by agent for product types / size, identity, by automated mailshot.

Quotes. Policy referral. Proposal. Information access.

Automatic uplift of data reports, premium adjustment, group servicing, certificate issue, switching, riders & additional voluntary contributions.
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