LegalShield offers brokers and agencies several commission options for selling its legal and identity theft protection plans, including:
1) A level compensation plan that pays commissions ranging from 12-16% on first year sales and renewals. An additional 2.6-3.4% bonus is paid for reaching certain sales thresholds.
2) An advanced compensation plan that pays higher first year commissions as an advance, ranging from 36-50.8% depending on sales volume. Renewal commissions are variable based on member retention rates.
3) Additional recognition and incentive programs, such as performance bonuses, that reward meeting sales and retention goals.