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 |
|
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 |
|
