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.

FIT Ltd