What are heaped commissions?

What are heaped commissions?

Heaped Commissions – a commission structure where fixed and indexed annuity compensation is paid up-front to the producer in a lump sum. This commission is typically paid at the time the annuity contract is issued to the annuitant and is based on the amount of premium paid into the contract. May 5, 2011

See also  Why are dividends from a mutual insurer not subject to taxation?