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What is fyc in insurance?

Asked By: Parv Verma

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Health And Safety Adviser Continuous Improvement Medical Device Real Estate Hris Hyderabad India

First Year Commission (FYC): the basic compensation on a Life Insurance policy. First Year Commission (FYC): This amount is a percentage of the total premium. A first year commission is the fee an insurance company pays an agent for selling a new policy. What Is a Fee-Only Financial Advisor? Family. The bonus thresholds are laid out for agents in what is known as the bonus compensation schedule. Assumption Life's total compensation threshold is $10,000 (FYC and Life Insurance Bonus).


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