Sale, Written, & Issued Premium- What's the Difference?

What is the difference between the total Sale Premium, Written Premium, and Issued Premium?

Written Premium	The total premium entered into the Written Premium field on the sales form within any given calendar month
Issued Premium	The total premium entered into the Issued Premium field on the sales form within any given calendar month
Sale Premium	The Sale Premium is the higher premium between the Written Premium and the Issued Premium

• Sale Premium: The Sale Premium was created as a solution when a Team Member forgets to enter an “issued premium” during the process of marking sales as Issued. In the past, if the Issued Premium field was left blank, the system would interpret the policy at a $0 premium, thus affecting potential bonus payouts. With the introduction of the Sale Premium, the system can now interpret the written value and assume it is the same as the issued premium.

      The Sale Premium is also used in situations when a sale issues higher than what was originally written.

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