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the new … “AGENCY BUILDER SYSTEM, INC. " - Update 2015
As a REGIONAL MANAGER, you qualify for an additional 1% override (OR) BONUS on your entire 5 levels down line.
To qualify for REGIONAL MANAGER status, you must have 9 or more agents on your line 1 and your down line, 5 levels, has produced at least $500,000 in Net Sales Commission (NSC) for the calendar year.
To explain how easy this is, we will use a 2015 IUL that pays a GA commission of 100% on target premium. Your bonus on this product is 10%. You also make a 10% override from agents you recruit and a 2% override from agents your agents recruit, 4 levels, for a total of 5 levels of agents you are earning overrides on.
In the example below you recruit only 9 agents. All the agents in your down line recruitonly 3 agents. Everyone makes a term sale for $2000 ( could be two sales). Your income for the month would be $47,200.00 ....... X 12 = $566,400.00. WOW!
Average. Premium Per Agent This Month |
Your Comp, Your Bonus Percent, & % going to you from Your agent sales | Your Comp, Your Bonus, Total Comp to OR Per Sale | Number of Agents You Recruited | Your Month Comm + Bonus + ORs | |
---|---|---|---|---|---|
Your GA Commission | $2000 | 100% | $2000 | $2000 | |
Your Bonus | $2000 | 10% | $200 | $2000 | |
Line 1 Overrides | $2000 | 10% | $200 | 9 | $1800 |
Line 2 Overrides | $2000 | 2% | $40 | $1080 | |
Line 3 Overrides | $2000 | 2% | $40 | $3240 | |
Line 4 Overrides | $2000 | 2% | $40 | $9720 | |
Line 5 Overrides | $2000 | 2% | $40 | $29160 | |
Month Total |
$47,200.00 |
The Best Way to Get Paid.