---
title: "What Is Bonus? Definition | Epic Life Glossary"
description: "A bonus is extra pay a carrier or agency gives an agent for meeting goals, such as sales volume or a contest. It is separate from base commission."
url: https://epicline.preview.multisites.ai/glossary/bonus
publisher: Epic Life Group
apply: https://epicline.preview.multisites.ai/apply
quote: https://epicline.preview.multisites.ai/get-a-quote
---

Compensation

# Bonus

A bonus is extra pay a carrier or agency gives an agent for meeting goals, such as sales volume or a contest. It is separate from base commission.

## Why it matters

Bonuses may be tied to production, new business count, or persistency. They can also carry conditions, like repayment if policies lapse. Read the rules, deadlines, and chargeback terms before counting on one. Programs can change from year to year. Bonuses are not guaranteed pay, so do not build a budget around them.

Source: [law.cornell.edu](https://www.law.cornell.edu/wex/commission)

[Read next, for agentsHow do life insurance agents get paid? An honest breakdown](https://epicline.preview.multisites.ai/careers/compensation)

## Where we use this term

-   [Fixed vs fixed index annuity: how do they work and who do they fit?](https://epicline.preview.multisites.ai/guides/fixed-vs-fixed-index-annuity)
-   [Life insurance chargebacks explained: how they work and how to protect your cash flow](https://epicline.preview.multisites.ai/guides/life-insurance-chargebacks)

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