STAY AWAY from Equitable!
They have the following clause in their contract "In the event the renewal-service commission compensation payable to General Agent falls below $300 for any six consecutive month period, it will be the option of the Company, in its sole discretion, to make renewal-service commission compensation NONPAYABLE to the General Agent”.
In other words, having 2-3 clients will not protect you. Not only will they terminate your contract (and I’ll understand it), they will also STEAL your commissions.
I was a victim of that rule. I think it is plainly illegal
Source of insurance-forums.net
They have the following clause in their contract "In the event the renewal-service commission compensation payable to General Agent falls below $300 for any six consecutive month period, it will be the option of the Company, in its sole discretion, to make renewal-service commission compensation NONPAYABLE to the General Agent”.
In other words, having 2-3 clients will not protect you. Not only will they terminate your contract (and I’ll understand it), they will also STEAL your commissions.
I was a victim of that rule. I think it is plainly illegal
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