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Liberty Bankers: Update Regarding Commissions
Commission Reserve Program Update
Liberty Bankers Life is pleased to share that they are eliminating their commission reserve program for Final Expense business.
What does this mean?
Currently, LBI holds back a percentage of your commissions on all new Final Expense business submitted with Liberty Bankers Life. The commission reserve program was established to help manage debit balances.
Effective September 9, they will be eliminating the holdback. As a result, you will receive 100% of your commissions moving forward.
Good news!
If you have a current reserve balance and it exceeds your debit balance, you should expect to receive a deposit in your account the week of September 9. The deposit will be combined with any due commission.
If you have questions, please call the Agent Support team at 214-245-5292.
Questions? Call us at 855-888-8326.
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