Understanding your compensation plan!. BORNBORN DIEDIE Just how exciting is this plan?

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Presentation transcript:

Understanding your compensation plan!

BORNBORN DIEDIE Just how exciting is this plan?

BORNBORN DIEDIE

Rep 25% Sr. Rep 35% District 50% Division 60% Regional 70% RVP 110% 15% 10 % 5 %.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$7001,100 $100$150$100 $400 Total payout Total payout is % 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 paid Would 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 The Company actually pays out closer to 182% or $1,820 per $1000 with the Bonus programs!

Rep 25% Sr. Rep 35% District 50% Division 60% Regional 70% RVP 95% 14.5% 5.5% 4.5%.50 % % 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 $250 Total 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, % $30,000 x 30%=$9000x 70%= $6,300 x 80% = $7,200 $145 $55 $45 $15 $5

Rep 25% Sr. Rep 35% District 50% Division 60% Regional 70% RVP 95% 14.5% 5.5% 4.5%.50 % % 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 $250 Total 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% bonus If you have 3 you get promoted to SVP and you’ll get %20 If 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)=$10,125 Produce 6 1 st generation RVP’s, you’ll get promoted to NSD and receive 5% on 1 st and 2 nd generation RVP’s Promote 9 1 st generation RVP’s and get promoted to SNSD 2% on 1 st thru 3 rd ! $145 $55 $45 $15 $5

 Builders Track Bonus  Securities bonus  Mortgage bonus  OSJ Bonus  PLPP 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?