Immediate Annuity Commissions

Standard commission: 

• Almost all Lifetime and period certain SPIA's pay a one time upfront commission
• Most SPIA's pay a reasonable 3.00% agent level commission
• The commissions are built into the illustration pricing of a SPIA
• Most carriers require or allow direct deposit of the commission
• Large premium case bonuses are available from FSD
• Standard commission can range from 0.50% to 4.00% based on carrier

Reduced commission:

• Short term period certain often have a reduced commission (under 10 years for example)
• Some carriers reduce commission based on age of client. 
• Some carriers will reduce commission on premiums over a certain amount. 
• In the few states charging a premium tax, commission may excluded premium tax portion. 
• On qualified funds a carrier may allow the agent to dial in commission from 0.00% to 5.00%

Non-Commission SPIA or NO LOAD:

• No Load SPIA's do not always provide the highest income but often they do! 
• Available for Immediate Income, Deferred (DIA) and QLAC 
• Fee Based Advisors can use a NO LOAD SPIA in their practice
• Use to fund life insurance and maximize death benefit