How do graded commissions work?

Graded Comp Plan

Graded commissions pay a percentage of 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 group life, AD&D, LTD, STD and Dental.

Sample Graded Schedule
Tier
Premium
Commission Rate
FIRST
$15,000
15%
NEXT
$10,000
10%
NEXT
$25,000
5%
OVER
$50,000
1%



Add

  1. Go to the Main Menu.
  2. Click Comp Plans.
  3. Click ADD COMP PLAN.
  4. Name the plan.
  5. Type - select Graded.
  6. Carriers - select the carriers for the comp plan.
  7. Enter the premium and commission rate for the FIRST premium threshold.
  8. Enter the premium and commission rate for the NEXT premium threshold.
  9. Click ADD ROW for additional premium levels.
  10. Enter the commission rate for the OVER premium threshold.
  11. Add a description of the plan (optional).
  12. Click the delete icon  to remove a row.
  13. Click SAVE.

Edit

  1. Go to the Main Menu.
  2. Click Comp Plans.
  3. Click the Comp Plan name.
  4. Make changes.
  5. Click SAVE.

Duplicate

  1. Go to the Main Menu.
  2. Click Comp Plans.
  3. Click the box next to the comp plan to duplicate.  Only one comp plan at a time can be duplicated.
  4. Click the duplicate icon .
  5. Make changes.
  6. Click SAVE.

Delete

  1. Go to the Main Menu.
  2. Click Comp Plans.
  3. Click the box next to the comp plans to delete.
  4. Click the delete icon .  The comp plan will be removed from all linked policies.
  5. Click CONTINUE.