5% pension that fully vests in 3 years. It was the best and only pension I've seen from a private company.
Pension is based on your sales of certain products and you must be with the company 5 years before you are vested.
Pension plan is based on years of service and the business done in those years.
Pension plan is great if you qualify for it. There was a cutoff employment date based on the year you started to determine eligibility so employees hired after a certain date are no longer eligible.
Company pays whole deal as percent of income. 2.75% of income per year
They do put money in, but its not much.
Pension plan provides you based on performance and income.
Good wth your renewals that is the good part of life insurance industry
If you perform very well and are with the company 30+ years your pension could reach close to $1 million annually. most agents will not take the pension though because by this time you business should be large enough that you could work 1 day a week servicing accounts and far exceed the pension.
Fully contributed by the company