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Compensation Disclosure
FDL is committed to providing the compensation disclosure information you need to appropriately advise your customers.
Commission Payment Details
As of the June 30, 2008 commission cycle commission payout will be affected with the following thresholds based on how payment is received:
- The minimum commission payment threshold will be increased from $0.00 to $100.00 for checks.
- The minimum commission payment threshold will be increased from $0.00 to $10.00 for Electronic Funds Transfer (EFT).
Commission earnings not exceeding the above mentioned amounts will be held until additional commissions are earned to surpass the minimum payout amount.
Commission Payment Example
For the June 30th 2008 commission period a $95.00 commission is earned by an agent that is paid by check. A commission check will not be issued. Instead, the earnings will be held until additional commissions are earned and it surpasses $100.00. During July, 2008 $105.00 in commissions is earned. At the end of July when the commissions are generated, a check for $200.00 will be issued.
For commissions received via EFT, the same principal applies only the earnings threshold is $10.00.
 Hide the Benefits of EFT
The Benefits of EFT
EFT is a convenient service Fort Dearborn Life offers its Producers. Consider these advantages:
- You’ll receive your commissions sooner via EFT.
- Commissions paid via EFT have a lower minimum payment threshold.
- Your commissions will be conveniently deposited into your bank account.
Simply complete a Commission Electronic Funds Transfer Form and return it to our Administrative
Office along with an unsigned, blank voided check or deposit ticket.
Commission Statement Walk-through
View a standard commission statement from Fort Dearborn Life along with field definitions.
Commission FAQ
Find answers to the most Frequently Asked Questions regarding commissions.
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See the Benefits of EFT
