Add Comp Plan and Carrier with Schedule Before Import

Add Comp Plan and Carrier with Schedule Before Import

The advantage to adding your carriers and comp plans to your database before importing your policies is accuracy.  Once added, the carrier and comp plan names can be added to your policy import template.  When the policies are imported, they will be linked to the carriers and comp plans automatically. This is the preferred method for importing your policies.

Add Carriers

  1. Go to the Main Menu.
  2. Click Carriers – Products – Revenue Types.
  3. Click ADD CARRIER.
  4. Enter the name of the Carrier.
  5. Click SAVE.


Add Comp Plans

  1. Go to the Main Menu.
  2. Click Comp Plans.
  3. Click ADD COMP PLAN.
  4. Enter a name for the plan.
  5. Select the Type. They type of comp plan represents the type of commission paid on the policy.
  6. Select a Carrier. One or more comp plans can be linked to the plan.
  7. Complete the other fields.
  8. Click SAVE.

Once your carriers and comp plans have been added, enter the names into the policy import template.  Make sure you enter the names exactly how they were added.

    • Related Articles

    • Add Comp Plan and Carrier with No Schedule Before Import

      A carrier and comp plan can be linked to a policy during the import process even if there is no schedule created for the comp plan. If a comp plan name is added to the template with no schedule in the application, it will be still imported and linked ...

    • Medicare Advantage Import Template

      The MA-PDP template is specific for Medicare Advantage and Prescription Drug Plans. The fee paid set each year by the Centers for Medicare and Medicaid Services (CMS). Depending on when an insured enrolls, the commission can be 100% of the fee or a ...

    • Target Premium Import Template

      The Target Premium template is specifically for universal life and whole life policies. These policies pay a base commission rate on the “target premium” and a smaller rate on the “excess premium”. The Base and Excess rate can vary from year to year. ...

    • Graded Import Template

      The Graded template is for policies that pay percentage of the premium paid. The percentage rate decreases throughout the year as the cumulative paid premium increases. Graded commission are paid on group products provided by an employer such as ...

    • Fee Import Template

      The Fee template is specific to policies that pay a fee. The fee is a dollar amount that is paid as earned or advanced. The fee can vary from year to year and is multiplied by the number of enrolled lives. The fee is entered at the comp plan level ...