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What is target premium?
Target premium is the amount that the agent's commission is based off of. It is neither the planned premium or minimum premium to keep the policy in force. Sometimes called the "commissionable premium."
The main purpose of writing a business plan is to?
The main purpose of writing a business plan is to have a clear objective establishing what is significant about the business. Some examples of what should be thought about is who the target customer is, how to market to the customer, what does it cost to operate the business, and goals of the business.
What is the purpose of establishing a business?
to make money as a life job
What is the purpose for a target audience?
The purpose for a target audience is to make the discussion, presentation etc. More presentable and understanding.
What is premium target for lic mdrt?
The premium target for Lic MDRT is Rs.30.70 Lacs in a calender year. Alternatively, commission earning in a calender year should be Rs.7.50 lacs to achieve MDRT target. If the achiever fails to achieve the target next year, his MDRT accreditation will be cancelled for that year.
What is a rolling target?
Target premium only refers to the amount that the insurance broker or agent's commission is based on. A rolling target means that the broker will be paid commission (a percentage of the target) for up to two years if the target premium is not met in the first year. In some cases, this may an indicator of an under funded policy, but not always. You may want to seek the advice of multiple professionals if you are unsure.
What if an adjustable target life insurance policy?
WHAT???? Updated: I think the asker meant what IS an adjustable target LI policy. An adjustable premium life insurance product is universal life. These terms are synonomous. The feature of this type of product is that the insured can pay more or less (not less than the minimum premium in the first five yrs of policy) and thereby increase the death benefit or the length of guarantee. The target premium is a amount based upon the calculations made at the time of the illustration. It takes into account the premiums, death benefit and product specs. Target premium is sometimes called the commissionable premium, because the agent's commissions for that policy are based off of it.
What is the purpose of establishing a final diagnosis?
it provides a logical basis for treatment and prognosis
What was the main purpose for establishing the United nations in 1945?
To maintain international peace.
What is the purpose of correction?
Purpose is the correct spelling. (Object to be reached/a target or goal)
What is the purpose of a crossbow?
Hunting, target shooting.
The purpose of establishing the independent nation of Liberia was to?
Provide an African homeland for freed slaves
