Life Quotes, Inc.
CONFIDENTIAL
est. 1984
Rev. Date:
Outside Agent Program, Form 1099 Income November 30, 2011
Independent Licensed Life Insurance Agent
Contact: Nathan Taylor
Phone: (800) 556-9393, ext. 204 ntaylor@lifequotes.com
Summary: Award-winning Life Quotes, Inc. (founded 1984) is a now appointing experienced, independent life
insurance agent to connect into our call center and work our fresh life leads by phone and computer
according to our scripts and procedures.
All leads are provided at no cost to you, but remain out property at all times.
As an independent agent working our leads on a contract basis (you are free to choose your own days and
hours) we pay $23 per hour of actual talk time for the first two months plus $50 per submission. Starting
on the third month you will begin to be paid $50 per submission on AND up to 35% of bonus eligible
commission!
With us, it’s easy to earn extra income in your agency by working full or part-time from your own home or
office. All initial training is free by webinar and takes about 15 hours. After that, we’ll then have you call-
grade 120 real calls and we’ll pay you $10 per hour for your time. After that initiation, you should be
ready to work our leads! You’ll log directly into our main telephone system so that you can advise, quote
and write life insurance applications as never before. Some days, we generate 1,000 fresh life insurance
leads. You are free to set your own days and hours subject to a minimum commitment of 20 hours per
week. As an experienced, independent life agent, you’ll love our award-winning, 30-company quote and
illustration system that can even produce accurate quotes in seconds for up to 33 common illnesses. It’s
very fast-paced here, so keep that in mind.
Life Quotes OutsideAgent Program Earnings Examples:
Program pays $50 per submitted application and 30% of the bonus eligible commission received.
• Earnings Example #1 – Full-Time: If you submit 15 applications a week, you’ll earn $3,000 a month in
submission payments. And if you produce $20,000 of net bonusable commission received per month with a
65% submitted-to-paid policy ratio, then you’d make an additional $6,000 per month. Total target annual
earnings: $108,000.
• Earnings Example #2 – Part-Time: If you submit 7 applications a week, you’ll earn $1,500 a month
submission payments. If you produce $10,000 of net bonusable commission received per month with a 65%
submitted-to-paid policy ratio, then you make an additional $3,000 per month. Total target annual earnings:
$54,000.
Advantages for Independent OutsideAgents
• Unlimited access to use our highly acclaimed, 30-company quote engine that makes it easy to run
comparative proposals in seconds. In addition to that, our perpetual auto-requote system will follow up
with your customer on a regular basis. We make it fast and easy to write life business even when health
conditions exist.
• No Cost to Join! All initial training and set up is FREE! Training is completed via online webinar and
takes about 15 hours. Once training is completed, you’ll spend a week with our Quality Control team
call-grading other agents’ actual incoming and outbound phone calls and get paid $10 per hour for your
time doing this! After that, you’ll be ready to deal with our actual customers running quotes, providing
advice and completing applications.
• No cold calling! All leads coming into our main phone system are from a) the dialer having immediately
called every website visitor within 60 seconds, b) the dialer having called prospective leads anytime from
1-90 days that such leads can legally be called and c) inbound calls to us from prospects and website
visitors wanting quote and advice.
• Free training and set up from us. Plus, you get unlimited toll-free help, advice and assistance from us
whenever you need it. Nothing is more important than the right advise; we’re here to back you up all the
way.
• We do all of the case management work for you, which will keep you paperless and frees you up to sell.
You and your applicants will appreciate our weekly update notices, which are prepared by us and sent in
your name. Talk about effortless!
• Ability to work from your own home or office; ability to work full or part-time.
In recent years, Forbes.com and Kiplinger’s have ranked Life Quotes a #1 life insurance
site. On June 1, 2009 we were awarded the coveted A+ rating by the Better Business
Bureau. In April 2009, MSN Money named us a “Top 100 Most Useful Website,” We’ve
used this same system to sell 275,000 life policies over the years. So, rest assured that
this program works and is very real. As an appointed OutsideAgent, you’ll be using these
exact systems.
Life Quotes has a unique, proprietary and award winning quote, illustration, order-entry, case management tracking,
delivery and commission tracking system that works. We know it works because our in-house phone sales just recently
th
sold their 280,000 life case through this system.
More Advantages for You
• You maintain independent contractor status.
• We do all of the case management work for you, which will keep you paperless and frees you up to sell.
Life Quotes, Inc. Outside Agent Qualifications
• You must hold, at your own cost, a valid life insurance license in your state and be in good standing with your state
insurance department.
• You must hold $1 million of valid E&O insurance with Life Quotes, Inc. listed as a certificate holder.
o You will not need to provide proof of E&O insurance until you have been accepted into the program.
• You must be able to pass our typing, aptitude and LOMA test for admission to the Life Quotes, Inc University
OutsideAgent Training Webinars.
• You must provide proof that you have purchased licenses in 10 states to be scheduled for the Life Quotes, Inc.
University OutsideAgent Training Webinars. See page 19 of this packet for the list of states and licensing
information.
• You must have no history or open or pending regulatory consumer complaints or disciplinary actions of any kind.
• You must be able to meet the appointment requirements of each of our carriers.
• You cannot be currently involved in a Chapter 7 bankruptcy or a Chapter 13 bankruptcy that does not yet have a re-
payment plan established. Also, no open liens, judgments or pending court dates (we want your company
appointment papers to sail through with no problems or delays).
Life Quotes is Safe and Easy to do Business with
• Founded in 1984.
• Employee-ownership culture pervades – you’ll always deal directly with the owner- founder who is a sales person
who thinks like you do.
• Our easy-to-use online order placement and case management system frees you up to make more sales without
getting bogged down in paperwork.
• No costly “field manager: structure – you’ll always deal directly with Life Quotes personnel.
Questions and Answers
Life Quotes OutsideAgent Program (v. 11-7-11)
Why are you contracting with independent outside agents to write life insurance
applications on your own leads?
We are experiencing increased growth in leads and using independents who know how to sell is
a faster way for us to meet and handle this demand than hiring more inside sales reps. Second,
we want phone coverage on our network during nights & weekends when our in-house agents
are not here.
So as an independent agent, Can I work from home and work the days and hours of
my choice? And there’s no cost to join?
Correct! You choose to work the days and hours of your choice provided you work a minimum
of 20 hours per week and produce no less than 16 submission every 30 days in a rolling period.
There is no cost to join, but you will have to take and pass a battery of sales aptitude tests that
normally take about 3 hours. Initial training takes about 15 hours and is also free.
But as an independent agent, you will have some start-up expenses of your own. For example,
we require that you have in place and maintain life licenses in the Top 10 most populous states
BEFORE we will schedule you for initial training. This will cost about $1000. Visit sircon.com or
nipr.com to apply for multiple state licenses at once.
We also require that you obtain and maintain no less than $1 million of insurance agent’s
errors and omissions insurance at your own cost.
How much money can I make doing this?
Assuming that you are licensed in 10 states or more and that you are good at script-reading
and sales and that you elect to work a full-time schedule, you can make anywhere from
$54,000 - $98,000 per year under this program. It all depends upon you.
So under this program I will be working your leads according to your scripts and
procedures on recorded calls. Is that right?
That’s correct. Under this program you will be working our leads using our scripts and
procedures on recorded calls. At no time can you offer or cause to be offered any product or
service to these leads and all commissions to you stop immediately if your membership is
canceled for any reason. Again, ownership of these leads rests with our partners and us and
never reverts or is transferred to you. The pace here is very fast and our quality control
measures, including call recording and call grading, are very tight, so this program is not for
everybody.
How does the talk-time, submission payments and commission-sharing payment
plans work?
Remember, you will be earning two payout components under this plan. Subject to certain
defined minimum performance levels, we pay you $23 per hour of actual talk-time for the first
two months you are on the phone plus $50 per submission and then on the third month you
will be paid $50 per submission and up to 35% of the bonus eligible commission received.
Billable talk time is when you are talking to a prospect or customer. Talk-time payments will
be paid at a maximum of 2 hours per 1 application written. The talk time payments are there
so that you can start making money with us right away at time of launch! Then on the third
month you will be paid for application submitted to the life insurance carrier. You must have 16
submitted applications in a 30-day rolling period. Additionally, you will earn up to 35% payout
of our bonus eligible commission received on paid policies of your making so long as you are
active with us. If you resign or get terminated for any reason, all payments cease as of your
termination date. There is no vesting of commissions to you because the leads are all owned
by us and our partners and affiliates, so keep in mind that under this program, you are working
and selling our leads using our scripts and procedures and that no lead or account ownership
will ever accrue to you under this program. See actual contract for more details and make
certain that you thoroughly read the Agreement before you sign up or apply.
By compensating new agents for talk-time then submission payments up front as earned, we
hope to make the transition into our program a little easier for everyone.
Who owns the leads that I’ll be working?
The Agreement between us specifies that all leads and customer lists that you come into
contact with under this program shall remain the sole property of Life Quotes, Inc. and that you
agree to never directly or indirectly solicit or cause to be solicited by others for any other
product or service of any kind at any time. So under this program, understand that you will be
working our leads, using our scripts and procedures and recorded calls that are graded. It’s a
very fast-paced, call center kind of operation. It is nothing like selling insurance face-to-face.
Where can I see a copy of the Life Quotes OutsideAgent commission payouts
schedule?
Our master commission schedule is contained within this packet and are always available to
you online in real-time.
How many fresh life leads per day are you now generating as a firm?
Approximately 600-1,000 at present pace depending upon the day of the week. We currently
have 10 in-house agents and about 100 outside agents that are working with us.
How long does it take to write a life application on the Life Quotes system?
About 25 minutes per applicant and we require that you talk directly to the applicant when you
write an application.
So Life Quotes’ personnel will do all of the case management chores and follow-up
for me once the submission is made? After I write an application and enter it in the
system, what are my responsibilities? Will I be notified if a submission is stalled for
any reason?
Yes! You remain paperless and focused on sales because we’ll do all of the case management
for you. All updates to the customer (at least weekly) are sent in your name (with your phone
number shown) and we’ll also send a cc to you so that you are kept abreast of any declines,
rate-ups or normal progress reports.
Once you write an application and set a paramed date, time and place that’s convenient to the
applicant, you’ll then call the applicant again 72 hrs. before the paramed exam so that you can
reconnect with the customer and re-confirm the paramed.
In this model, do I really stay paperless at all times?
Yes! In our model, the application that you enter online is then electronically transmitted via
E-mail directly to the customer. The customer can then print it out and have it signed and
dated. Your responsibility is to use our scripts and procedures, to give advice that’s compatible
with our business model, to write complete applications and to make the required 72 hr. phone
call before the set paramed date to remind our customer of the upcoming appointment. None
of this involves the printing of any paper at your end and all information that you will need or
want will be always ready for you at any time in real-time on your Life Quotes Dashboard.
As an Outside Agent, will I become appointed with each of the Life Quotes
companies?
Yes, appointment paperwork must be completed for each carrier and we’ll help with that. We'll
start with our top 5 carriers first and any carriers that require pre-appointments in the state
you reside in or are licensed in. This will ensure that you are approved to sell their products
prior to submitting business to them. From there, we’ll get you appointed as applications are
written.
Will you give me free training to get started?
Absolutely! All Life Quotes Outside Agents are required to attend 12 hours of training prior to
getting started over a three-day period and you must pass a 90-minute final exam before you
can start.
Also, during your first week, you’ll be call grading actual calls completed by our agents. This is
a great way to learn our scripts and procedures and is a very important step in our training
process. Want even more good news? We’ll pay you 10 per hour while completing the call
grading. Agents are still held to the 20-hour per week minimum while participating in call
grading.
Consider it a positive that we’ve sold 280,000 life policies using this system in recent years.
This tells you that the system works and that it was designed completely from the ground up
from the agent and broker’s perspective. Our quote engine is awesome in that it quotes 30
leading companies and can handle up to 35 common illnesses.
I've never sold term life insurance before. Should I pursue this opportunity with you?
Honestly, no. This program is designed only for experienced term life agents and brokers. We
do not have the training resources to teach you the life insurance business under this program,
nor can we risk wasting any new leads under this program. We only recommend this system
for people who have experience, selling life insurance. In this fast-paced environment, we’ve
set as a goal the writing of 4 applications per day for our agents, so keep in mind that the pace
is very fast and not suitable for everybody.
I’m already appointed with or under other GA’s or MGA’s. Will working with you
affect those appointments?
You’ll have to check with each company home office regarding their own rules on appointments
and hierarchies as each company has different rules regarding this. If you are a high volume
producer and you have outside life business that you could move, call our CEO Robert Bland at
1-800-556-9393, ext. 101 to discuss how we might work together to increase your
compensation.
When I log into your phone system, will I be handling outbound or inbound calls?
Both. Under our system, you will be trained on how to handle both inbound and outbound
calls. While on our system, all the calls you make and receive will be billed to Life Quotes, Inc.
and not yourself. In addition, while on our system you will appear to the customers to be
calling from Life Quotes, Inc.
Are there any ongoing minimum performance requirements that I must meet under
this program?
Yes, there are several. See Agreement for details.
As an appointed Outside Agent, will I have an e-mail and voice mail account at Life
Quotes? What about other sales support?
Yes. You’ll have the same tools, access to management and trainers that we give to our in-
house agents. On Thursdays we conduct continuing sales, education and system training to our
in-house agents for 1-2 hours and you are always invited to dial in to listen, ask questions and
participate in those sessions. Also, each sales team has a daily call-in Q&A session where
questions can get asked and answered. Additionally, your Sales Team Leader can and will
provide one-on-one training and support whenever needed or asked for.
Will I be working unique leads or leads that have been sold multiple times?
No!! Our leads are all 100% unique and exclusive to us via our own website or from our
business partners, which include the largest direct-to-consumer auto insurer. Generally
speaking, we do not buy multiple-sold leads. Our leads are also very highly detailed (please
visit www.lifequotes.com and click into our main life quote request form and study it). And as
every experienced life agent knows, unique leads are the most expensive. In the last ten years,
we’ve spend $105 million acquiring 3.2 million high quality life insurance leads, of which
275,000 of them having bought a policy from us!
As an Outside Agent, will I be required to adhere to your scripts and procedures on
all calls and e-mails to prospects and customers?
Yes. We have a very precise business model that all of our agents must follow at all times on
recorded phone lines with all calls being graded by our quality control unit. It’s this kind of
detail and consistency that has led to our success and we only want to contract with people
who know, understand, appreciate and respect our model.
Could I fly to Chicago at my own expense and spend some time in your Darien
headquarters to work in your call center to see and hear how your high volume
agents actually work their leads?
Sure! Just give Michael Bruce (ext. 355) advance notice of the days you’ll be here and we’ll
welcome you with open arms. Many of our in-house agents write 75 or more applications per
month and we’ll be happy to have you meet and sit with them to see how they do it.
How long does it take to get started?
The current application and acceptance and training process takes about 2 weeks.
What kind of computer setup must I have?
1. Must have Windows XP or Windows 7.
2. Must use Internet Explorer version 7 or 8.
3. Have at least 2GB of RAM for Windows XP, 4GB for Windows 7.
4. We do not support Apple computers.
5. No wireless Internet, phones or VOIPs.
Can I use my cell phone to login to your phone system?
No. Wireless systems are not allowed at any time on our system due to poor line quality and
frequency of dropped calls.
Can my employees work these leads, too?
No. Only duly authorized, trained, licensed and appointed agents with $1 million of E&O
insurance under their own name can work our leads.
Life Quotes OutsideAgent Program Application
Complete this application and fax it to:
Nathan Taylor
Life Quotes, Inc.
FAX (630) 839-0604
______________________________ __________________
My Name Today’s Date
_______________________________
Firm Name
_______________________________ _______________________________
Address City, State, ZIP
_______________________________ _______________________________
Cell Phone Day Phone
_______________________________ _______________________________
Evening Phone E-mail address
LIFE QUOTES, INC. INTERNAL ROUTING CHECKLIST
________ Date Received
________ Date background check completed and reviewed by Michael
________ Date training completed: __________________________
Dear Nathan,
I am an experienced, independent life insurance agent with high moral and ethical standards. I
have a lot of energy and drive and I am fully capable of representing Life Quotes in the
marketplace to prospective life insurance shoppers according to your business model, scripts
and procedures, which will also include the highest standards of conduct and reliability from me.
I wish to apply to become an appointed OutsideAgent with Life Quotes, Inc. Here’s a little more
about me:
____ I have ______ years of experience in selling life insurance.
____ I sold _____ life insurance policies this year.
____ I have no history of conviction, I am not currently involved in a bankruptcy (personal or business), bad
credit, current open liens, current unpaid debts or judgments of any kind and have no pending court
cases of any kind.
____ I have never had a consumer or insurance company complaint against me with any insurance
department or government agency or any other professional complaint of any kind and I’ve never had,
used or been known by an alias name.
____ Here are the life insurance companies that I have been appointed with over the past 5 years:
______________________________ ________________________________
______________________________ ________________________________
______________________________ ________________________________
______________________________ ________________________________
____ I hereby grant you blanket permission to conduct a background check on myself at any time to the
same degree that you customarily conduct for all new Life Quotes employees. I also understand that
each life insurance company that I subsequently seek to become appointed with will also run their
own background checks on me.
____ I am now licensed to sell life insurance in the following states: _______________________________
____ Starting on (date) ___________________________, 2011, I am or will be available to work the
following days and times (Central time). Note: this must include some availability 5-9p.m. weeknights
and some 9a.m.-3p.m. on Saturdays for your first 90-day probationary period. Your schedule during
your first two weeks may change depending on your Team Leaders schedule. Our goal is to have your
Team Leader freely and immediately available to answer any questions as you become familiar with our
system. Please give realistic goals of availability and total hours per week at the start of program.
Total Hours Per Week: _______________________
Monday __________ ____________
Start End
Tuesday __________ ___________
Start End
Wednesday __________ ___________
Start End
Thursday __________ ___________
Start End
Friday __________ ___________
Start End
Saturday __________ ___________
Start End
Sunday __________ ___________
Start End
____ I understand that you will get back to me with exact time availabilities.
____ I understand that I must complete all 12 hours of Life Quotes OutsideAgent University Training
in 1 week to be fully accepted into the program.
____ I understand that it is required that I obtain licenses in the top 10 states.
(CA, TX, NY, FL, IL, OH, MI, NJ, GA, PA) WARNING! THE NY LICENSE MUST BE A LIFE AGENT
AUTHORITY. LIFE BROKER AUTHORITY IS NOT ACCEPTABLE!
____ I am enclosing a copy of all of my state life insurance licenses.
____ I am enclosing a copy of my current and up to date resume.
____ I am enclosing a certificate of insurance proving that I have $1,000,000 or more of insurance agents’
Errors and Omissions insurance in force and, if acceptable into this program, I promise to keep such
coverage in force at all times.
____ I am enclosing a copy of my state driver’s license.
____ I am enclosing a copy of completed anti-money laundering training or will complete upon acceptance
to the program.
____ Here is a description of any non-business, civic or charitable pursuits:
_________________________________________________________________________
________________________ _____________________
Signature Date
Life Quotes, Inc. est. 1984
OutsideAgent Program Questionnaire
1. How well versed are you overall in using personal computers, online surfing and forms filling technologies such as
PDFs?
____ Advanced ____ Average ____ Below Average
2. How many hours per week are you able to fully commit to this program?
____ 0 – 10 ____ 11-20 _____ 20-40 _____ 40+
3. Do you now have a life insurance agent’s Errors & Omissions insurance policy in-force?
_____ Yes _____ No, but am willing to purchase if accepted
4. Do you currently hold a valid and in good standing life insurance producer’s license in your resident state?
_____ Yes _____ No
5. Are you currently and actively selling life insurance?
_____ Yes _____ No
6. Have you ever had a regulatory or professional conduct complaint fine levied against you by any consumer, insurance
company or regulator?
_____ Yes _____ No
If yes, please give details,
__________________________________________________________________________
7. Have you ever been convicted of a crime?
_____ Yes _____ No
If yes, please give date and details,
__________________________________________________________________________
8. Do you have a current bankruptcy, unpaid collections or open court dates of any kind?
_____ Yes _____ No
9. How many years of experience do you have selling life insurance over the phone?
____ 0-2 _____ 3-5 _____ 6-9 _____ 10+
10. Please advise as to what operating system you are currently using on your computer, i.e. Windows XP, Windows 7,
MAC? ________________________ How much RAM does your computer have? _________________________
11. Are you now using high speed or cable internet connection?
______ Yes ________No
12. Are you willing to upgrade your computer system if it is not compatible with our software?
______ Yes ________No
Here’s how I’d rank myself on some basic skills:
Term Life Ins. Knowledge: __ novice ___ average ___ above average
Sales Ability: __ novice ___ average ___ above average
Phone Selling Skills: __ novice ___ average ___ above average
Typing: __ novice ___ average ___ above average
MS Word: __ novice ___ average ___ above average
E-Mail: __ novice ___ average ___ above average
13. Do you currently own, co-own or are a partner in an independent agency?
______ Yes ________No
a. Do you plan to continue operating an insurance agency or brokerage in addition to participating in our program?
______ Yes ________No
b. What do you hope to gain participating in our program?
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
14. Do you plan on staying with your current employer while participating in our program? ______ If no, why? If yes, will
there be any conflict of interest while you are participating? (i.e. carrier appointments, non-compete or your current
work schedule preventing your from being able to work the required minimum of 20 hours per week). Please be
realistic we are looking for a minimum of 20 hour commitment per week if this is not possible please consider
why
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
15. Anti-Money Laundering(AML) training is federally mandated for life insurance agents. All agents are required to take
the AML on a yearly basis. This training is not included in state licensing classes. AML training is given through a
certified training corporation such as LIMRA. An agent appointment cannot be completed without this training. If
you are unsure of what AML training is please contact Michael Bruce at extension 355.
Please provide your AML training completion date and provider below:
Date Completed: _____________ Provider Name: ___________________________________
16. Affiliate certifies and warrants that they have no knowledge of any personal health or family health issues or of any
care giving responsibilities that would either impede or prevent Affiliate from participating according to their promised
days and hours, such schedule to be provided by Affiliate to Life Quotes before each Monday. Affiliate agrees and
understands that this Program requires a time commitment of no less than 20 hours per week under present
rules.
17. Below is a list of any of my planned absences or vacations lasting over 3 days that will occur in the next 6 months.
______________________________ ________________________________
______________________________ ________________________________
______________________________ ________________________________
____________________________ _________________
Signature Date
Employment History Form v. 10-14-11
____ Please complete entire form. Do not leave any portion blank or incomplete.
____ Also attach a copy of your resume showing your entire employment and education career. Your resume
must contain no gaps or omissions of any kind and list every employer or moneymaking job you have
had since your formal schooling ended.
(If you were seeking employment or not working just state that on this form example:
05/05/09-09/15/09 Seeking Employment)
This employment history form and attached resume is a true and completely accurate accounting of my entire
employment and educational career. It contains no gaps or omissions of any kind and it lists every employer
and source of earned income that I have undertaken since my formal schooling ended.
Signature ___________________________ ______________ Date____________________________
Dates of Employment:
Employer:
Address:
Phone Number:
Position:
Supervisor’s Name:
Reason for Leaving:
Dates of Employment:
Employer:
Address:
Phone Number:
Position:
Supervisor’s Name:
Reason for Leaving:
Dates of Employment:
Employer:
Address:
Phone Number:
Position:
Supervisor’s Name:
Reason for Leaving:
Dates of Employment:
Employer:
Address:
Phone Number:
Position:
Supervisor’s Name:
Reason for Leaving:
Dates of Employment:
Employer:
Address:
Phone Number:
Position:
Supervisor’s Name:
Reason for Leaving:
Dates of Employment:
Employer:
Address:
Phone Number:
Position:
Supervisor’s Name:
Reason for Leaving:
Dates of Employment:
Employer:
Address:
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Position:
Supervisor’s Name:
Reason for Leaving:
Dates of Employment:
Employer:
Address:
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Reason for Leaving:
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Employer:
Address:
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Reason for Leaving:
Life Quotes, Inc.
OUTSIDE AGENT COMMISSION SHARING AGREEMENT (v. 11-7-11)
AFFILIATE INFORMATION
Legal name of Affiliate: ________________________________________________________________________
First Middle Last
DBA (if applicable):____________________________________________________________________________
Type of Entity: __Individual __Partnership __LLC __Corporation DOB: ____/_____/_______
Taxpayer ID#: ___________________________ Social Security Number: ________________________
Street Address: _____________________________________________________
City: __________________________________ State: ____ ZIP: ______________
Phone: (_____) _____-__________ Fax: (_____) _____-__________
E-mail: ___________________________________________________
Website address (if any): ______________________________________
Number of years licensed to sell life insurance: _____
Estimated annual life insurance paid premium last year: $_________________
E&O Carrier: _________________________________ E&O Limit: $_______________________
WHEREAS, Life Quotes, Inc., a Delaware corporation located in Darien, Illinois (lifequotes.com”) and
______________________________, located at _____________________________(“Affiliate”), are both duly licensed and
experienced independent life insurance agencies that are distinct from each other as to their business objectives and business goals,
but both of which are and will remain in good standing with their respective state insurance departments.
WHEREAS, Life Quotes, Inc. and Affiliate hereby desire to establish a life insurance agreement regarding those prospective life
insurance customers developed by Life Quotes that will then be made available to Affiliate throughout the term of this Agreement.
WHEREAS, Life Quotes, Inc. has developed and brought to market a proprietary life insurance quotation, order-entry and case
management system that is designed to enhance the life insurance underwriting process for consumers. Life Quotes, Inc. desires to
share such technology and know-how with selected Affiliates of Life Quotes, Inc. and to allow such selected and independent
affiliates access to the Life Quotes telephone and lead collection system so that affiliate can advise, quote and write applications of
life insurance on prospects and leads belonging to Life Quotes. So while Life Quotes is providing the life insurance leads and
technology platform, the independent affiliate is providing the place and manner of work that best results in the creation of paid
policies.
NOW THEREFORE, in consideration of the promises, mutual covenants, agreements and understandings set forth herein, the parties
hereto agree as follows:
1) Life Quotes will use its staff and best efforts to setup and train Affiliate via web-based teleconference on how to properly use
and utilize the Life Quotes systems. Affiliate agrees to convert leads into applications at a rate of 15%, write a minimum of 16
submitted applications to underwriting per 30 calendar days in a rolling period, and 50% of the submitted applications become paid
policies. Affiliates also understands that if the carriers charge Life Quotes, Inc. for paramed exams ordered, completed but do not
result in a submission, Life Quotes, Inc. will deduct the cost from the affiliate's commissions due.
2) Trademarks. Each party shall remain the sole owner of its own trademarks, services marks and all other intellectual property.
Neither party shall have the right to use the trademark, service mark or other intellectual property of the other without first obtaining
explicit written permission from the other party. Such use by Affiliate shall result in immediate termination of this Agreement for
cause. Affiliate agrees, confirms and acknowledges that by virtue of this Agreement, it has no right to ever use the name, logo or
likeness of Life Quotes, Inc. or any name similar to Life Quotes, Inc. in any business activity not expressly defined by the scope of this
Agreement. Affiliate agrees, confirms and acknowledges that its use of the Life Quotes, Inc. is expressly limited to the scope of this
Agreement. Affiliate expressly agrees, confirms and acknowledges that Life Quotes, Inc. will retain any rights it may have in the Life
Quotes, Inc. content, whether or not such rights now exist or come into existence hereafter, and whether or not such rights are now
known, recognized or contemplated
3) Independent Contractor Relationship: Affiliate understands, represents and warrants that it has no authority to act as an agent of
Life Quotes, Inc. and that it is and shall remain, an independent contractor of Life Quotes for the duration of this Agreement. Affiliate
warrants that it is an operating business distinct from that of Life Quotes and that all premises expenses, phone lines and computer
equipment and other gear required by Affiliate to conduct the business contemplated hereunder shall permanently remain the sole
domain of independent Affiliate as will the opportunity for profit and loss. Affiliate shall retain status of an independent contractor and
agrees, confirms, acknowledges and warrants that its agent-related actions in relation to any sales lead routed to Affiliate by Life
Quotes, Inc. shall be at affiliate’s sole risk. Nothing in this agreement shall be construed to constitute Life Quotes, Inc. and Affiliate as
partners, nor to establish an employer-employee relationship between Affiliate and Life Quotes, Inc. Both parties agree to work
together to clarify the firm differences to every user-customer so that there is no confusion by consumers about the identity or roles
each firm has assumed. Moreover, both parties acknowledge and agree that there is no effort nor intent here to establish an
employee-employer relationship now or at any time in the future primarily because Affiliate is an independent businessperson that has
its own facilities, equipment, identity and working days and hours not under the control or supervision of Life Quotes. Because
Affiliate agrees and understands that it is and will retain independent contractor status under this agreement at all times, Affiliate
hereby agrees to provide 30 days’ prior written notice to Life Quotes of any intention, or action, to file a wage claim of any sort with
any governmental agency.
4) In the event that a party is determined to have any rights with respect to the other’s Trademarks or other intellectual property rights
as a result of its use thereof, such party hereby irrevocably assigns, conveys, and transfers to the other all such rights, including any
trademark (and the goodwill associated therewith), copyright or other intellectual property right, throughout the world in perpetuity.
5) The Term of this Agreement shall begin on date each party has signed this Agreement (see below) and continue on a day-by-day
calendar basis until terminated by either party. This Agreement shall continue until either party terminates as provided in section 7
below.
6) Either party may terminate this Agreement, for any reason or no reason, at any time after giving no less than 1 days’ written notice
to the other party by U.S. letter or overnight courier, or fax or e-mail. Upon termination on this Agreement, all rights and licenses
granted hereunder shall terminate and the parties shall immediately cease use of the other party’s services, website and Trademarks.
Affiliate understands that talk time and commission payments will cease to be paid if affiliate resigns or is terminated from the
OutsideAgent Program.
7) Affiliate will be paid by Life Quotes every two weeks, 26 times per year. All payments to Affiliates are paid on an independent
contractor, Form 1099 basis, wherein Affiliate agrees that they are an independent businessperson and thus free to work the days
and hours of their choosing at all times.
Talk Time Payments: Affiliate will be paid $23 per hour for the first two months after the initial two month period this pay will be
replaced by submission payments for qualified Affiliates. This of actual talk time provided that Affiliate is producing written
applications at a maximum of two hours of talk time per application written. In the event that Affiliate's actual talk time exceeds
two hours per application written, then Affiliate will be paid $23 per hour of talk time subject to a maximum of two hours of talk time
per application written.
Submission Payments: Affiliates who are actively working with Life Quotes will be paid $50 on each application that is submitted to
a life insurance carrier. Submission is defined, as an application being submitted to the life insurance carrier for an exam required
policy and a no-exam policy must be placed inforce and paid. Affiliates must have 16 applications within a 30-day rolling period to be
eligible for the submission payment. Affiliates that go below the minimum 16-submission for a consecutive 3-month period will be
subject to termination of this contract.
Commission Payments: Affiliates in good standing who are also actively working with Life Quotes will also be paid on a graduated
commission structure on the "Bonus Eligible Commission" actually received by Life Quotes on any placed business provided that
Affiliate has achieved a minimum paid submit to paid policy ratio of 50% defined as 50% of submitted applications turn into paid
policies. The graduated commissions structure pays 30% commissions with a submit to paid policy ratio of 50%-59%, 30%
commissions with a submit to paid policy ratio of 60%-69%, 30% commissions with a submit to paid policy ratio of 70%-79% and 35%
commissions with a submit to paid policy ratio of 80% or higher. Paid policy is defined as receipt of the first commission. Termination
happens if you achieve 3 consecutive months less than 55% placement ration. Again, Affiliate must be actively working with Life
Quotes in good standing in order to receive any commission payments on placed business.
Call-Grading Payments: Affiliate agrees and understands that, as a final part of their training and launch process, Affiliate will be
expected to call-grade no less than 120 calls under the direction of our designated trainer and that Affiliate will be compensated for
such call-grading activities at the rate of $10 per hour.
Gifted Account Payments: Affiliates who are actively working with Life Quotes will be paid an 15% of bonus eligible received bonus
received. A gifted account is defined by an application that is written by someone else, put in force by the Affiliate. Case history must
contain a electronic recording in the case history proving that the Affiliate talked with the customer and case history is shown as the
current agent on the case history screen.
8) Life Quotes shall render to Affiliate statements of activity every two weeks. Affiliate agrees to carefully examine each such periodic
statement and to notify Life Quotes, Inc. in writing of specific mistakes, errors or discrepancies in such statements. Failure of Affiliate
to so notify Life Quotes, Inc. within 60 days of the date of each such statement alleged to contain such error, mistake or discrepancy
shall bar Affiliate to any right of recovery for such error, mistake or discrepancy.
9) Each Party shall indemnify and hold the other party; its officers, directors, employees and agents, and any associates of such
party, harmless from and against any third party claims or causes of action, including all liabilities, costs and expenses (including
reasonable attorney’s fees) associated therewith, arising out of or related to any breach of any of the representations or warranties
contained herein.
10) Affiliate shall be solely responsible for maintaining its state insurance licenses. As required by the insurance carrier, Life Quotes,
Inc. will assist Affiliate in becoming appointed with those insurance carriers that require such appointment.
11) Insurance Requirement. Affiliate agrees to obtain and maintain in force insurance agents’ errors and omissions insurance
coverage of not less than $1,000,000 during the term of this Agreement and to provide a valid certificate of such insurance to Life
Quotes, Inc. for the duration of this Agreement. Affiliate agrees to obtain and maintain in force comprehensive general liability
insurance providing no less than $1,000,000 coverage and to provide a valid certificate of such insurance to Life quotes for the
duration of this Agreement.
12) Legal Jurisdiction. This agreement is entered into and shall be governed by the laws of the State of Illinois without giving effect to
its conflicts of laws principles and without regard to its location of execution or performance. Any lawsuit brought in connection with
this agreement must be filed in a court in the State of Illinois.
13) Legal Agreement. This Agreement shall be construed as being in compliance with the insurance regulations of all 50 states and
immediately self-modified to cure any deviation or out-of-compliance situation should any provision herein become declared out of
compliance by any state insurance department or that of the District of Columbia.
14) Assignment. Affiliate agrees not to cause or permit any assignment, sublease or transfer of this Agreement or its rights or
obligations under this Agreement to any third party without the prior written consent of Life Quotes, Inc. It is agreed and understood
that either party may assign this Agreement to its parent corporation or any subsidiary of that party or its parent corporation without
consent of the other party.
15) Waiver/Severability. No previous waiver, forbearance or course of dealing or other failure of a party to enforce any term, right or
condition of this Agreement shall be construed as a waiver of or affect the right of either party to require strict performance of any
provision of this agreement. If any provision of this Agreement shall be held invalid or unenforceable, such provision shall be deemed
deleted from this Agreement and the remaining provisions of this Agreement shall continue in full force and effect so long as the
deleted provision does not eliminate or otherwise substantially change the economic benefits of this Agreement to either party or
significantly impair the rights or increase the obligations of either party. The parties shall make good faith efforts to replace each such
deleted provision by a valid and enforceable provision mutually agreeable to the parties. Failure to do so shall result in termination by
mutual consent.
16) Ownership of customer information. Both parties agree and acknowledge that ownership of the customer information is and shall
always remain the sole property of Life Quotes, Inc. Affiliate agrees, throughout the term of this Agreement and for perpetuity
thereafter that it shall not directly nor indirectly solicit nor cause to be solicited any good or service other than the life insurance
brokerage services that are contemplated hereunder.
17) Background Check. Affiliate understands and agrees that Life Quotes may, at any time, conduct a thorough background check.
18) Entire Agreement/Amendments. The terms contained in this Agreement constitute the entire agreement between the parties with
respect to the subject matter hereof and supersede all prior negotiations, representations or agreements, whether written or oral,
relating thereto. No amendment or modification of this Agreement shall ever be valid or binding upon the parties unless in writing and
signed by both parties hereto.
19) Affiliate understands and agrees that a leave of absence for any reason or a period of non-activity for any reason beyond 7
consecutive day period will result in termination of this Agreement. Any leave of absence of 3 day’s duration or more must first be
requested in writing and agreed to by an officer of Life Quotes, Inc. prior to such leave period. On any leave of absence of longer
than 3 day’s duration, Affiliate understands that all prospect leads and customer accounts will be re-distributed and thus lost to the
Affiliate on Day 1 of any planned leave of absence so that service to such prospective buyers can continue to be performed by other
agents.
20) Affiliate both certifies and warrants that they have no knowledge of any personal health or family health issues or of
any care giving responsibilities that would either impede or prevent Affiliate from participating according to their
promised days and hours, such schedule to be provided by Affiliate to Life Quotes before each Monday. Affiliate agrees
and understands that this Program requires a time commitment of no less than 20 hours per week under present rules.
Life Quotes, Inc. OutsideAgent
By:________________________ Signature: ________________________
Name: Robert Bland Name: ____________________________
Title: CEO/President Title: _____________________________
Phone: 630-515-0170, ext. 101 Phone: ___________________________
Fax: 630-839-0604 Fax: _____________________________
E-mail: bob@lifequotes.com E-mail: ___________________________
Date: __________________ Date: _____________________
Life Quotes, Inc.
►Auto ►Life ►Health ►Home ►Business Est. 1984
8205 South Cass Avenue, Darien, Illinois 60561 Tel. (630) 515-0170 Fax (630) 839-0604
Attention Agents! This form allows Life Quotes, Inc. to digitally place one of your signatures below as
needed on any and all forms that require the signature of the writing agent.
Handy tips for completing this form:
• use a black pen
• don’t let your signatures touch or overlap
This form must be returned by U.S. Mail or E-Mail. Faxed copies of this form will not be
accepted. Please email signed copy to ntaylor@lifequotes.com or mail to address above.
I ______________________________ hereby authorize Life Quotes, Inc. to use one of my signatures
Print Name
below on life insurance applications I complete through my OutsideAgent account.
X_______________________________ X_____________________
Signature Date
PLEASE SIGN TO THE RIGHT OF ALL 3 “X’S.”
X
X
X
State License Fees (v. 11-30-11)
NOTE: We require all Outside Agents to have and to start with licenses in Top 10 States (54% of U.S. population)
We recommend that all Outside Agents hold licenses in Top 30 states (90% of U.S. population)
On our system, more licenses means writing more orders and having less wait times between calls.
Yellow means fingerprinting required
Rank STATE Population % Cume % Time to License FEES Additional Information
1 California 37,253,956 12.07% 12.1% 4 Weeks $ 128
2 Texas 25,145,561 8.14% 20.2% 3 Weeks $ 50
3 New York 19,378,102 6.28% 26.5% 3 Weeks $ 80 Depending odd or even DOB
4 Florida 18,801,310 6.09% 32.6% 3-1/2 Weeks $ 55 $58.25 fingerprint fee
5 Illinois 12,830,632 4.16% 36.7% 4 Weeks $ 250
6 Pennsylvania 12,702,379 4.11% 40.8% 3 Weeks $ 110
7 Ohio 11,536,504 3.74% 44.6% 1 Week $ 20
8 Michigan 9,883,640 3.20% 47.8% 3-1/2 Weeks $ 16
9 Georgia 9,687,653 3.14% 50.9% 2 weeks $ 65
10 North Carolina 9,535,483 3.09% 54.0% 14 Weeks $ 100 Top 10 Total $874
11 New Jersey 8,791,894 2.85% 56.9% 1 Week $ 170
12 Virginia 8,001,024 2.59% 59.4% 2-1/2 weeks $ 30
13 Washington 6,724,540 2.18% 61.6% 1 hour if no "yes" answers $ 60
14 Massachusetts 6,547,629 2.12% 63.7% 3 weeks $ 225
15 Indiana 6,483,802 2.10% 65.8% 1- 2 Weeks $ 90
16 Arizona 6,392,017 2.07% 67.9% 3 days online, 4 wks paper $ 120 Fingerprints may be required
17 Tennessee 6,346,105 2.06% 70.0% 8 weeks $ 250 Dependent on Resident state
18 Missouri 5,988,927 1.94% 71.9% 2 weeks $ 100
19 Maryland 5,773,552 1.87% 73.8% 2 weeks $ 54
20 Wisconsin 5,686,986 1.84% 75.6% 12 weeks $ 150 Top 20 Total $2,123
21 Minnesota 5,303,925 1.72% 77.3% 2 Weeks $ 153
22 Colorado 5,029,196 1.63% 79.0% 1 Weeks $ 224
23 Alabama 4,779,736 1.55% 80.5% 2 Days $ 60
24 South Carolina 4,625,364 1.50% 82.0% 3 days $ 25
25 Louisiana 4,553,372 1.47% 83.5% 2 days online, paper 1 week $ 75
26 Kentucky 4,339,367 1.41% 84.9% 1 Weeks $ 150
27 Oregon 3,831,074 1.24% 86.1% 2 Weeks $ 75
28 Oklahoma 3,751,351 1.21% 87.3% 1 Week $ 270 Dependent on Resident state
29 Connecticut 3,575,097 1.16% 88.5% 2 Weeks $ 140
30 Iowa 3,046,355 0.99% 89.5% 2 days $ 50 Top 30 Total $3345
31 Mississippi 2,967,297 0.96% 90.5% 3 weeks $ 100
32 Arkansas 2,915,918 0.94% 91.4% 2 days $ 70
33 Kansas 2,853,118 0.92% 92.3% 2 Weeks $ 80
34 Utah 2,763,885 0.90% 93.2% 2 Weeks $ 96
35 Nevada 2,700,551 0.87% 94.1% 2 Weeks $ 195
36 New Mexico 2,059,179 0.67% 94.8% 3 Weeks $ 40
37 West Virginia 1,852,994 0.60% 95.4% 2 Weeks $ 36
38 Nebraska 1,826,341 0.59% 96.0% 2 Weeks $ 60
39 Idaho 1,567,582 0.51% 96.5% 3 days $ 60 $80 paper
40 Hawaii 1,360,301 0.44% 96.9% 2 Weeks $450-600 Depending on DOB
41 Maine 1,328,361 0.43% 97.3% 2 Weeks $ 85
42 New Hampshire 1,316,470 0.43% 97.8% 2 Weeks $ 210
43 Rhode Island 1,052,567 0.34% 98.1% Same Day $ 130
44 Montana 989,415 0.32% 98.4% 4 days $ 100
45 Delaware 897,934 0.29% 98.7% 1 week $ 80
46 South Dakota 814,180 0.26% 99.0% 4 Weeks $ 44
47 Alaska 710,231 0.23% 99.2% 1 day online, 10 days paper $ 200
48 North Dakota 672,591 0.22% 99.4% 2 Weeks $ 113
49 Vermont 625,741 0.20% 99.6% 3 Weeks $ 200 Dependent on Resident state
50 DC 601,723 0.19% 99.8% 1 day $ 113
51 Wyoming 563,626 0.18% 100.0% 2 days online, paper 3 Weeks $ 170
308,766,538 100% 100% Total $6,029
OutsideAgent Program
Commission Rates By Carrier
v. 10-31-11
Outside Agent Pay Plan (v. 11-7-11)
Plan Guaranteed Not To Change Before June 30, 2012
First Week Quality Control (120 call-grades)
$10 per hour
First 2 Months on Phone Talk Time
$23 per hour
Limited to 2 hours per application
Plus $50 per submission
Each non-med submit must go paid to be
considered a valid submission
After First 2 Months Pay per Submission
on Phone $50 per submission
All no medical exam submissions must go paid
Must generate 16 submits every 30 days rolling
and each non-med submit must go paid to be
considered a valid submission
Commission Accounts You Wrote:
% of Bonus Eligible Received, based
on Placement Ratio paid policies / submissions):
Placement Commission
Ratio Rate
<50% 30%
50-59% 30%
60-64% 30%
65-69% 30%
70-79% 30%
80% and up 35%
Gifted Accounts (Written by someone else,
put in force by you)
15 % of Bonus Eligible Received
The case history must contain a WAV file proving
that you talked to the customer and got the policy
placed in force. You must also be shown as the
current agent on the case history screen.
Bonuses None planned, could happen as announced
Termination Happens if you achieve 3 consecutive months < 16 submits
or
Happens if you achieve 3 consecutive months <55% placement ratio
Commission Rates
Non-Commissionable
Policy Fee 10 Year 15 Year 20 Year 30 Year
American General (5859)
Select-A-Term $64 (Note 3) 23% 29% 32% 32%
ROP Select-A-Term 30% 30% 30%
ContinUL Extend Plus 26%
American National
Budget Guard 17% 17%
Value Guard UL 17%
Banner
OPTerm $55 26% 29% 30% 30%
Life Choice UL 27%
Centrian Life (6697)
Term Life $60 (Note 6) 26% 29% 30% 30%
Straight Life Whole Life $50 9%
Companion Life (6258)
Term Life Answers $62 (Note 8) 23% 23% 23% 23%
UL 23%
Fidelity Life (6390,6387)
RD Term 26% 28% 30% 30%
RD Term w/ ROP 28% 30% 30%
Fidelity Life (6395)
Accidential Death 26%
Fidelity Life (6389,6392)
Graded Death Benefit 21% 21% 21%
Page 1
OutsideAgent Program
Commission Rates By Carrier
v. 10-31-11
Commission Rates
Non-Commissionable
Policy Fee 10 Year 15 Year 20 Year 30 Year
Fidelity Life (6388,6391)
Graded Death Benefit Whole Life 21%
Fidelity Life (6393,6394)
RD Mortgage Term 32% 32% 32%
RD Mortgage Term w/ ROP 32% 32% 32%
First Central - NY (8256)
Simple Issue Term 21% 21% 21% 21%
First MetLife Investors (6119, 6121)
GL Term 23% 23% 23% 23%
Genworth (6403)
Colony Term $50 26% 29% 32% 32%
Colony Term UL 26% 29% 32% 32%
LifeLong UL 27%
Genworth Life of NY (6085)
Term 23% 23% 23% 23%
Lifetime Flex Plus II UL 23%
Household Life/HSBC (9129) $100
Simple Issue Term 30% 30% 30% 30%
Independent Order of Foresters (6133)
LifeFirst-Non Medical Term 32% 32%
(ING) Reliastar Life Insurance (7026)
ING TermSmart $68/98 (Note 1) 24% 29% 30% 30%
ING ROP Term Enhanced 30% 30%
(ING) Reliastar of NY (6157)
ING TermSmart*NY $68/98 (Note 1) 23% 23% 23% 23%
ING ROP Term NY 23% 23%
Liberty Life/RBC (6628) $50
Term 21% 21% 25% 25%
Lincoln Life and Annuity of NY (6026)
Life Elements $125 23% 23% 23% 23%
Life Guarantee UL 23%
Lincoln National Life (6904)
Life Elements $125 35% 38% 41% 41%
Life Guarantee UL 30%
Metropolitan Life Insurance (6704)
Whole Life 21%
MetLife Investors USA (6125)
GL Term $69 21% 24% 24% 21%
Promis Whole Life 27%
Mutual Of Omaha (7164)
Term Life Answers $62 (Note 8) 24% 27% 30% 30%
Term Life Express 32% 32% 32%
UL 27%
North American (6827, 6828)
ADDvantage Term $65 27% 29% 32% 33%
Custom Guarantee UL $68 33%
Protective Life and Annuity (8860) $75 or $60 (Note 7)
Empire 23% 23%
SBLI of MA (A+) (6696)
Term Life $60 (Note 6) 26% 29% 30% 30%
Straight Life Whole Life $50 9%
Security Life of Denver (7029)
Graded Death Benefit Universal Life II 27%
Starmount Life (9370)
Gold Term to 95 (
Gold Term to 95 (age 71+) 11%
Value Life Gold 21%
Stonebridge Life (6779)
Stonebridge Term 26% 28% 30% 30%
Stonebridge Term w/ ROP 30% 30%
Transamerica Financial -NY (7267)
Trendsetter Super 22% 22% 22% 22%
Transamerica Financial -NY (7268)
Final Expense 22%
Page 2
OutsideAgent Program
Commission Rates By Carrier
v. 10-31-11
Commission Rates
Non-Commissionable
Policy Fee 10 Year 15 Year 20 Year 30 Year
Transamerica Occidental (6848)
Trans Term 27% 29% 30% 30%
Trendsetter Super 27% 29% 30% 30%
Trendsetter ROP 30% 30%
TransACE 2010 UL 27%
Transamerica (6849)
United Farm Family Life (7168)/United Home Life (7172)
Graded Benefit Term 10 21%
Express Issue Term Plus 20 30%
Express Issue Term Deluxe 20 25%
Express Issue Term 30 30%
Express Issue Term 65 30%
Premier 20,30,and 65 30% 30% 30%
Whole Life 30%
United States Life (7192)
Select-A-Term $64 (Note 3) 23% 23% 23% 23%
ROP Select-A-Term 23% 23% 23%
ContinUL Extend Plus 23%
West Coast Life (7222)
Focus $60 or $70 (Note 9) 26% 30% 32% 32%
Life Time Platinum III $60 32%
Secure T $70 (Note 2) 26% 30% 32% 32%
Western Reserve Life (7239)
WRL Term Plus 24% 25% 26% 26%
WRL Term Plus ROP 26% 26%
William Penn Life
Penn Term $55 23% 23% 23% 23%
Life Choice UL 23%
Note 1 - Commissionable for face amount less than $200,000, otherwise non-commissionable
$68 for face amounts $200,000 - $999,999, $98 for $1 Million and up
Note 2 - Commissionable for face amount $0 - $249,999, otherwise non-commissionable
Note 3 - $64 for face amount $0 - $249,000 is commissionable, otherwise non-commissionable
Note 4 - $50 for face amount $0 - $249,000 and $85 for face amount $250,000 and over
Note 5 - $65 for face amount $100,000 - $199,000 is commissionable;
$65 for face amounts $200,000 and over is non-commissionable
Note 6 - Commissionable for face amount equal or less than $300,000, otherwise non-commissionable
Note 7 - $75 for 15 year and $60 for 20 year
Note 8 - $62 for face amounts $ 0 - $249,000 is commissionable, over $250,000 non-commissionable
Note 9 - $60 on 10 Year and $70 on all others is non-commissionable on face amounts of $250,000 and up
NOTE: The following carriers charge
back all commissions if the policy
lapses within the first six months:
Centrian
Fidelity Accidental Death*
Genworth Life & Annuity
Genworth Life Insurance Co. of NY
ING/ Reliastar-NY- UL Only
Lincoln Life & Annuity of NY*
Lincoln National*
Protective Life & Annuity
SBLI
Security Life of Denver
West Coast*
* Note: These carriers also charge
back 50% of commission if the
policy lapses in months 7-12)
The following carriers charge back all
commissions if the policy lapses in
the first year, and 50% if the policy
lapses during the second year:
NationwideLife & Annuity-Term
Nationwide Life - NY - Term
Page 3