Commission Frequency Change – Now Daily! Effective 01/13/2025
Exciting News! Effective January 13, 2025, Corebridge Financial will transition commission payments from a weekly to daily cycle. Please see the FAQs and transition rules below.
FAQs
| # | Question | Answer | ||||||||||||||||||
| 1 | When will the commission frequency transition from Weekly to Daily? | Beginning the week of 1/13/2025. See important transition rules below. | ||||||||||||||||||
| 2 | Who will be impacted by this change? | The commission frequency will be set at the topline of the IMO hierarchy and impacts anyone who earns commission in the IMO hierarchy. | ||||||||||||||||||
| 3 | Where can Commission Statements be accessed and when will they become available after the transition? | Commission statements will continue to be available via the Connext portal and accessible the following day after commissions have posted. | ||||||||||||||||||
| 4 | Is this commission payment frequency applicable to Life products? | No. The transition to daily compensation only applies to Annuity products listed below. | ||||||||||||||||||
| 5 | Who do I contact for issues regarding commissions and/or commission statements? | Please email the Corebridge Commissions team @ imobgacomp@corebridgefinancial.com. | ||||||||||||||||||
| 6 | Which Corebridge products are eligible to transition to daily commission? |
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| 7 | Which products are excluded from this pilot commission frequency change? | American Pathway Series® | ||||||||||||||||||
| 8 | How will DTCC feeds and EFTs be impacted? | When the topline IMO changes to daily frequency, both DTCC feeds and EFT transactions would be changed to daily, regardless of the current frequency. |
Commission Payment Frequency Transition Rules
For the eligible FIA and Assured Edge products listed above, transitioning from weekly to the daily commission cycle effective January 13, 2025, the below transition will apply:
Transition Rules
For commissions earned from 1/6/2024 through 1/10/2025, commission payments and statements will be released via the current process on Monday January 13, 2025. Receipt of payment will be determined by the agent’s bank processing times.
For commissions earned starting 1/13/2025, commission payments and statements will be released the following day. Receipt of payment will be determined by the agent’s bank processing times.