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First Year Commissions are
paid weekly based on commission schedules contained in FFIG Product Carrier
Compensation Grid.
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First Year Commissions are
annualized on monthly bank draft, EFT and monthly credit card payment modes.
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The Compensation Illustrator displays the value of
FFIG’s agent contract payout as a) a Percentage of Premium and b) Potential
First Year Compensation.
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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 FFIG agent compensation program.
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Step 1: Select Commissions or Premium for Input.
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Payouts
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Step 2: Input your prior year production in the green shaded cells.
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Step 3: Select your expected 401k contribution level.
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Life & Health Payouts
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Prior Year
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Current Year Expected
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Annual
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Annual
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Annual
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Life
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LTC & DI
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Health
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First Year
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First Year
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First Year
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Premium
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Product Category
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Commissions
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Premiums
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FYC/Prem %
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Life
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$
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% Total
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$
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% Total
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Production Bonus 1, 2
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Whole Life
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Taxes & Benefits 3
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Universal Life
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Total % Payout
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Term
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Final Expense
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FYC
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Total Life
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Production Bonus 1, 2
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Fixed Annuity
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Taxes & Benefits 3
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5-year
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Total $ Payout
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7-year
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9-year
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Indexed Annuity
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Annuity Payouts
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5-year
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7-year
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Fixed
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Indexed
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9-year
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Deposit
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Total Annuity
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FYC/Deposit %
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Health
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Production Bonus 1, 2
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Long Term Care
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Taxes & Benefits 3
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Disability Income
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Total % Payout
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Med Supp/Med Adv
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Indiv.Major Medical
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FYC
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Total Health
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Production Bonus 1, 2
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Worksite Products
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Taxes & Benefits 3
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Life
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Total $ Payout
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Health
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Total Worksite
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Total
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Total First
Year Commissions
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Notes:
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Agent
Production Bonus-Aggregate1, 2
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1. Only production eligible product commissions are
included in the Agent Production Bonus (APB).
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2. APB rates and result assumes agent generates the
same level of production as inputted from prior year.
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Employer Contribution to Taxes, Health Benefit Costs and Agent
401k 3
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3. Estimated employer contributions to taxes, health benefit
costs and agent 401k (maximum Employer 401k Matching contribution is 4% when
agent contributes 5%).
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Total First Year Compensation
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This projection is for illustrative and discussion
purposes only. It does not represent a guarantee nor a promise to pay
compensation exactly as projected.
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At any time and without notice, FFIG 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
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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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