Reminder: New commission payment options make getting paid easier and faster!
For brokers appointed on or after February 5, 2018, Legal & General America offers four choices for commission payment:
- Daily EFT
- Weekly EFT
- Monthly EFT
- Monthly Paper Check
Standard (three times each month) and bi-weekly paper checks will no longer be offered as payment options.
EFT payments provide advantages for agencies and brokers:
- Quick and easy signup.
- Everyone gets paid faster. Commission can be conveniently deposited into your account on a daily basis.
- Agencies save time by not having to sort and deliver paper checks.
- Agencies save money by not having to mail checks to brokers.
- "Go Green" - It's an opportunity to be more environmentally friendly.
The BK-12 form has been revised to reflect these options.
You can find the new BK-12 form (Commission Payment Profile) by logging into the Partner Dashboard. Click on Forms and then View All Forms. Type BK-12 (for Banner) and BK12WP (for William Penn) in the search bar. To get a copy without logging on, click here for Banner, here for William Penn, or use the buttons below.
Already appointed?
Brokers that are already appointed with Legal & General America and are currently receiving paper checks can also take advantage of these EFT options by simply completing a BK-12 Form and providing a copy of a voided check. All paperwork should be submitted through the GA.
