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Prospective Agents: Insurance Calculator As an Agent of yourCFO, all of your insurance business would be conducted through yourCFO Wealth Management Inc. You will be pleased to know that our broker bonus levels are among the highest in the industry. Any commissions generated by the sale of insurance products will be paid directly to the Agent by the applicable carrier. Such commissions include First Year Commission (FYC), 100% of annual renewals and asset-based trailer commissions. All FYC amounts subject to override (bonus) receive a 160% bonus rate. Commissions and override levels for segregated funds and GICs vary by carrier, but where a ‘peg rate’ is used by the carrier, (total of 5% commission paid to all parties), the Agent shall receive 85% of total commission paid.
Please note this illustration does not reflect any one firm’s compensation strategy, but is presented solely for comparison purposes. We advise you to run your own comparison based on your current situation.
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