FYC

(redirected from First-Year Commission)
AcronymDefinition
FYCFor Your Convenience
FYCFanshawe Yacht Club (Ontario, Canada)
FYCFor Your Consideration
FYCFine Young Cannibals (band)
FYCFuel Your Creativity
FYCFarnham Youth Choir (Surrey, England)
FYCFirst-Year Course (colleges)
FYCFor Your Comment
FYCFoundation Year Course (Cambodia)
FYCFirst-Year Commission
FYCFirst-Year Colloquium (various schools)
FYCFor Your Country
FYCFitness Yoga Canada
FYCFamily, Youth and Community Services
FYCForever Young Clothes (Brooklyn, NY)
FYCFight Your Corner Ltd (UK)
References in periodicals archive ?
Washington National pays a first-year commission of 40 percent and a second-year commission of 4 percent to sellers of its Washington National Critical Solutions policy.
The first-year commission for whole life insurance is usually between 50 and 70% of the first year's premium.
In addition, multlilife offers a heaped first-year commission structure.
The company says it will offer insurance agents who sell the product a high first-year commission and product training.
This incentive may be based on a small percentage of the first-year commission or a fixed-dollar amount per new policy sold.
A plan could pay a first-year commission that was any amount less than or equal to the fair market value limit, officials say.
The focus of rebating in life insurance sales has always been the agent's first-year commission.
These "trailing commissions" provide a smaller first-year commission, then ongoing commissions over the life of a policy.
The company has two VULs ready to go in 2005, designed to provide trail compensation instead of the traditional large first-year commission.