understanding your compensation plan!. bornborn diedie just how exciting is this plan?
TRANSCRIPT
Understanding your compensation plan!
BORN
DIE
Just how exciting is this plan?
BORN
DIE
15%
10 %
5 %
.75 %
.75
1.75%
1st
2nd
3rd
4th
5th
6th
This model is built on a $83.33 monthly plan or $1000 of commissionable premium
$250
$350 $500 $600 $700 1,100
$100 $150 $100 $100 $400Total payout
Total payout is 143.25% plus bonus
Most people wonder… How do you Pay out $1,432 when you only collected $1000?
$1000 X 10 years of premiums is $10,000$10,000 collected $1432 paidWould you exchange $10,000 for $1432? All day long right!
The insurance company pays us to do the work they don’t want to do.
$150
$100
$50
$17.5
$7.5
$7.5The Company actually pays out closer to 182% or $1,820 per $1000 with the Bonus programs!
14.5%
5.5%
4.5%
.50%
.50
1.5%
1st
2nd
3rd
4th
5th
6th
This model is built on a $83.33 monthly plan or $1000 of commissionable premium
$250
$350 $500 $600 $700 $950
$100 $150 $100 $100 $250Total payout
Total payout is %122 plus bonus
Base shop bonus program is where the real money is made!
$5,000-$9,999 15% $5000 x 15%= $750 x 70%(QBI)=$525
$10,000-$29,999 20% $10,000 x 20%=$2000x70%= $1,400 x 80%= $1,600
$30,000 + 30% $30,000 x 30%=$9000x 70%= $6,300 x 80% = $7,200
$145
$55
$45
$15
$5
$5
14.5%
5.5%
4.5%
.50%
.50
1.5%
1st
2nd
3rd
4th
5th
6th
This model is built on a $83.33 monthly plan or $1000 of commissionable premium
$250
$350 $500 $600 $700 $950
$100 $150 $100 $100 $250Total payout
Bonus on your RVP’s makes our compensation the greatest in the insurance industry!
If you do $10,000 in your base then you will receive bonus dollars on the RVP’s that you promote. These dollars are paid in addition to over rides.
RVP’s must bonus for you to bonus!
RVP does $10,000 and get 15% bonusIf you have 3 you get promoted to SVP and you’ll get %20If you do $30,000 in your base, you’ll get a 30% bounus.
3 RVP’s doing $15,000 each is $45,000 x 30% is $13,500 x 75%(QBI)=$10,125Produce 6 1st generation RVP’s, you’ll get promoted to NSD and receive 5% on 1st and 2nd generation RVP’s Promote 9 1st generation RVP’s and get promoted to SNSD 2% on 1st thru 3rd!
$145
$55
$45
$15
$5
$5
Builders Track BonusSecurities bonusMortgage bonusOSJ BonusPLPP Bonus
Focus on getting new recruits off to a fast start Meet influencers ASAP Everyone goes to class with their team. Never go
alone! 3 appointments minimum before PFSU Got to get two in Two! Days? Weeks? Months? 3 recruits and 8 appointments fast 3 recruits and 6 sales to District Guests to meeting Players club ( 1 recruit and 1 life sale) Team Captain Finish the month strong 30 x $40,000 How many will you have at the next big event?