How Much Money Do You Need?

What Does it Cost?

The cost of the advance is typically 2%, multiplied by the number of months being advanced. For example, the fee on a 4-month advance would be 8% of the total amount to be advanced (4 months X 2%). The producer in this case gets 92% of the total advance in cash immediately and repays the full-face value out of commissions earned on renewals.