Commission and chargeback changes on Equimax Wealth Accumulator

Commission and chargeback changes on Equimax Wealth Accumulator

Introducing a new 25-month chargeback for Wealth Accumulator®!

The chargeback on first year commission for Equimax Wealth Accumulator policies is changing to a 25-month chargeback for policies that do not qualify as Producer and Producer Related.

What's changed? Moving from a 61-month ("5-year") to 25-month chargeback for Wealth Accumulator.

Other important information:

To make the transition as smooth as possible, please take a moment to review the information below. Commission rates and chargeback schedule will apply based on the issue date of the Wealth Accumulator policy regardless of when or how the application is received.

Full transition rules can be found here.

Login to secure EquiNet to get access to the updated commission schedule.

Select Field Payroll (Commission), then Contracting and Compensation. Schedule A can be found under the Compensation tab.