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. |