Effective next commission cycle, paying February 21, 2024, there will be a Minimum Check Threshold re-established to the field for life & annuity earnings, including ESI securities compensation. This will only impact agents/registered representatives receiving a paper check. Earnings less than $500.00 will accumulate each cycle. Once the threshold of $500 is met, a check will be cut for payment. Additionally, any earnings that have been held, but not yet met the threshold, will be released at quarter end.
Agents/registered representatives can avoid this by simply adding direct deposit information into the Commission Payment Portal. They will need to notify ESICommissions@nationallife.com when they make this change, so that any held earnings can be released. There is a note on the Commission Overview page in the Agent Portal notifying agents to this change.
For any questions regarding this process change please reach out to ESICommissions@nationallife.com.
TC139722(0224)1