First Year Commissions
are paid weekly based on commission schedules contained in Futurity First Product Carrier Compensation Grid.
The Compensation Illustrator displays the value of Futurity's agent contract payout as a) a Percentage of Premium and b) Potential First Year Compensation.
By inputting prior year production (using either First Year Commissions or Premium) and assuming results are repeated in the following year, you can view the potential value under the Futurity First agent compensation program.
Step 1:
Select
Commissions
or
Premium
for Input.
Commissions
Premium
Payouts
Life & Health Payouts
Prior Year
Current Year Expected
Annual
Annual
Annual
Life
LTC & DI
Health
First Year
First Year
First Year
Premium
Product Category
Commissions
Premiums/Deposits
FYC/Prem %
Life
$
% Total
$
% Total
|
Production Bonus
1
Whole Life
|
Taxes & Benefits
2
Universal Life
|
as % of Premium
"0"
"0"
"0"
Term
|
Final Expense
|
FYC
Total Life
|
Production Bonus
1
Fixed Annuity
|
Taxes & Benefits
2
5-year
Total $ Payout
"-"
"-"
"-"
7-year
|
10-year
|
Indexed Annuity
|
Annuity Payouts
5-year
|
7-year
|
Fixed
Indexed
10-year
|
Deposit
Total Annuity
|
FYC/Deposit %
Health
|
Production Bonus
1
Long Term Care
|
Taxes & Benefits
2
Disability Income
|
as % of Deposit
"0"
"0"
Med Supp/Med Adv
|
Indiv.Major Medical
|
FYC
Total Health
|
Production Bonus
1
Worksite Products
|
Taxes & Benefits
2
Life
|
Total $ Payout
"-"
"-"
Health
|
Total Worksite
|
Total
|
Total First Year Commissions
"-"
|
Notes:
|
Agent Production Bonus-Aggregate
1
"-"
1. APB are paid weekly based on the current period rate and are trued-up to dollar one at quarterly points.
|
2. Estimated employer contributions to taxes, health benefit costs and agent 401k (maximum Employer 401k Matching contribution is 3%).
Employer Contribution to Taxes, Health Benefit Costs and Agent 401k
2
"-"
Total First Year Compensation
"-"
This projection is for illustrative and discussion purposes only. It does not represent a guarantee nor a promise to pay compensation exactly as projected.
At any time and without notice, Futurity First reserves the right to modify the terms and conditions of the program including, but not limited to, the standards and levels of eligibility, rates of compensation
and the type and amount of any award or bonus. Agent compensation is subject in all respects to the terms and conditions of the applicable Agent Agreement and Agent Compensation Plan.
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