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expertestateattorney t1_j2dvyy1 wrote

I assume when they say "Reversed policies" it means customers canceled policies soon after buying them. If that is the case, clawing back commissions paid to the advisor is common. I have no experience with Northwestern to give insight into how hard they will push to collect this money. I would guess that they will be aggressive.

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K_b_lld OP t1_j2dwfvw wrote

Thank you. Yes, two policies lapsed so they have sent an invoice for the commissions they paid. Good to know it’s common as this was a new field for us.

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expertestateattorney t1_j2dwz89 wrote

In his employment paperwork it will set out how long the policies need to be in place before there is no reverse commission charge. You need that info before you can determine if it is owed, but it likely is a valid charge back.

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