---
title: "What Is Full Contract? Definition | Epic Life Glossary"
description: "A full contract is the highest commission level a carrier offers on its schedule for a given product. Agents with it receive the maximum share of..."
url: https://epicline.preview.multisites.ai/glossary/full-contract
publisher: Epic Life Group
apply: https://epicline.preview.multisites.ai/apply
quote: https://epicline.preview.multisites.ai/get-a-quote
---

Distribution structure

# Full Contract

A full contract is the highest commission level a carrier offers on its schedule for a given product. Agents with it receive the maximum share of premium that the carrier pays.

## Why it matters

IMOs and agencies may hold full contracts and pass on a slightly lower level to their agents, keeping the difference as a spread. An agent can only get a full contract by meeting carrier rules. Exact percentages differ by carrier and product and are not public. Do not assume a posted number applies to you, because each carrier decides who qualifies.

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

-   [How to join an IMO: the questions to ask before you sign](https://epicline.preview.multisites.ai/guides/how-to-join-an-imo)

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