Pct of Premium Import Template

Pct of Premium Import Template

The Percentage of Premium template is for policies that pay commissions based on a percentage of the paid premium. Typical products for this template are term life, disability, LTC, and voluntary benefits.

Click the attachment at the bottom of the page to download the Percentage of Premium import template.

Sample Percentage of Premium Schedule
Begin Year
End Year
Commission Rate
Advanced Rate
Advanced Cap
1
1
90%
75%
$0
2
5
20%


6
10
5%


11
Endless
2%







Tips

  1. Enter the gross premium for the policy.
  2. Enter a policy fee. This is a non-commissionable fee that is deducted from the payment fee in the schedule.
  3. Create a comp plan for the policy BEFORE YOU IMPORT and add the name here. The name should be spelled exactly how it is in the application.
  4. Product – enter the name of the product as it appears in the commission statement. This field is used to help match a commission to a policy.
  5. Type – this is the type of insurance sold. An example is Life, Disability, Medicare, Group, Voluntary Benefits, etc… There are pre-defined types already created in the application. You can use them here, or create your own.
  6. Sub-type – this is subset of types. An example for a Life type is: 10 YRT, 20 YRT, Whole Life, Final Expense, etc… There are pre-defined sub-types already created in the application. You can use them here, or create your own.  To view the current types and sub-types:
    1. Go to Main Menu.
    2. Click Data – Types & Sub-Types.

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