Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Renewal Commission

Commissions that are paid to an agent for a certain period of years, typically nine, after the initial policy year. The renewal commission rates are typically lower after the first year, and commission is only paid on the policies that remain in force.

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Renewable Term Insurance

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Renewal Premiums

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