Ensure Charity operates under a Full Disclosure policy in order to ensure each of our clients knows the amount of commission to be made and the subsequent amount that will be donated. This is true across all product lines.
Life Insurance
Commissions on Life Insurance can vary greatly depending on the type of policy and/or the carrier with which the policy is placed. The average commission can range between 40% -100% of the first years premium following by trailing commissions of 1%-5% of the subsequent years premium. Ensure Charity will fully disclose the commission that will be generated from a sale prior to the client putting the policy in force. Ensure Charity will donate 50% of the gross incoming commission generated from all life insurance sales. This includes the first years commission as well as all trailing commissions generated in perpetuity from the policy. The amount of commission is determined by our contract rate with each carrier.
Donations will be distributed within 30 days of receipt of the commissions. In the event there is a possibility of a “charge back” from the insurance carriers, Ensure Charity will be required to hold the funds until they are determined earned and not subject to a potential charge back.
Ensure Charity works through an affiliated life insurance wholesaler that provides underwriting and case management services. This wholesaler receives an override from the insurance carrier for these services and Ensure Charity does not receive any portion of the override.
Annuities
Commissions on Annuities can vary depending on the type of annuity and its underlying characteristics and/or the carrier with which the annuity is placed. The average commission can range between 1% -12% of the deposited funds.
Ensure Charity will fully disclose the commission that will be generated from a sale prior to the client depositing the funds. Ensure Charity will donate 50% of our gross incoming commission generated from annuity sales. The amount of commission is determined by our contract rate with each carrier.
Donations will be distributed within 30 days of receipt of the commissions. In the event there is a possibility of a “charge back” from the insurance carriers, Ensure Charity will be required to hold the funds until they are determined earned and not subject to a potential charge back.
Ensure Charity works through an affiliated annuity wholesaler that provides underwriting and case management services. This wholesaler receives an override from the insurance carrier for these services and Ensure Charity does not receive any portion of the override.