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LNL0529 Recruiting

LNL0529 Recruiting. TMK1688. All calculations assume:. New Agent in 1 st 26 weeks Commission and override rates are averages 25% Agent bonus deferral Dollar amounts rounded DCN or QOB multiplier not applied No DCNs or return EFTs Commission account $500+. Agent Scenario 1.

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LNL0529 Recruiting

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  1. LNL0529 Recruiting TMK1688

  2. All calculations assume: • New Agent in 1st 26 weeks • Commission and override rates are averages • 25% Agent bonus deferral • Dollar amounts rounded • DCN or QOB multiplier not applied • No DCNs or return EFTs • Commission account $500+

  3. Agent Scenario 1

  4. Week 1 – New Agent writes $2,500 AP Agent receives no take home pay until Week 2

  5. Week 2 — Agent writes $2,500 AP $2,500 AP Week 1 50% Commission Rate* Take Home Pay $1,250 Commission Week 1 $875 70% Direct Pay Rate $875 Direct Pay Week 1 * Average commission rate

  6. Week 3 — Agent writes $2,500 AP $2,500 AP Week 2 50% Commission Rate* Take Home Pay $1,250 Commission Week 2 $875 70% Direct Pay Rate $188 $875 Direct Pay Week 2 $1,063 $2,500 AP Week 1 10% Bonus Rate $250 Bonus Week 1 75% Direct Pay** *Average Commission rate **25% bonus deferred to 10th month $188 Bonus Week 1

  7. Week 4 — Agent writes $2,500 AP $2,500 AP Week 3 50% Commission Rate* Take Home Pay $1,250 Commission Week 3 $875 70% Direct Pay Rate $375 $875 Direct Pay Week 3 $1,250 $2,500 AP Week 2 20% Bonus Rate $500 Bonus Week 2 75% Direct Pay** *Average Commission rate **25% bonus deferred to 10th month $375 Bonus Week 2

  8. Week 5 — Agent writes $2,500 AP $2,500 AP Week 4 50% Commission Rate* Take Home Pay $1,250 Commission Week 4 $875 70% Direct Pay Rate $563 $875 Direct Pay Week 4 $1,438 $2,500 AP Week 3 30% Bonus Rate $750 Bonus Week 3 75% Direct Pay Rate** *Average Commission rate **25% bonus deferred to 10th month $563 Bonus Week 3

  9. Week 6 — Agent writes $2,500 AP $2,500 AP Week 5 50% Commission Rate* Take Home Pay $1,250 Commission Week 5 $875 70% Direct Pay Rate $1,500 $875 Direct Pay Week 5 $2,375 $2,500 AP Week 4 80% Bonus Rate (1st time 40% Double Bonus) $2,000 Bonus Week 4 75% Direct Pay Rate** *Average Commission rate **25% bonus deferred to 10th month $1,500 Bonus Week 4

  10. Agent 1st Year Earnings $82,501

  11. Unit Manager Scenario 1

  12. Week 1 – New Agent writes $2,500 AP Agent and Unit Manager receive no take home pay until Week 2

  13. Week 2 — Agent writes $2,500 AP Agent AP Week 1 UM 25% Comm. Override* $2,500 70% Direct Pay Rate $438 Agent’s Take Home Pay UM Gross Pay $875 $438 *Average Commission rate

  14. Week 3 — Agent writes $2,500 AP Agent AP Week 2 UM Commission Override UM Commission Override $2,500 25% 25% Comm. Override* Comm. Override* 70% 70% Direct Pay Rate Direct Pay Rate $438 $438 Agent Gross Bonus Week 1 - 10% UM Bonus Override UM Bonus Override $250 40% 80% Bonus Override Bonus Override $100 $200 Agent’s Take Home Pay UM Gross Pay UM Gross Pay $1,063 $538 $638 *Average Commission rate

  15. Week 4 — Agent writes $2,500 AP Agent AP Week 3 UM Commission Override UM Commission Override $2,500 25% 25% Comm. Override* Comm. Override* 70% 70% Direct Pay Rate Direct Pay Rate $438 $438 Agent Gross Bonus Week 2 - 20% UM Bonus Override UM Bonus Override $500 40% 80% Bonus Override Bonus Override $200 $400 Agent’s Take Home Pay UM Gross Pay UM Gross Pay $1,250 $638 $838 *Average Commission rate

  16. Week 5 — Agent writes $2,500 AP Agent AP Week 4 UM Commission Override UM Commission Override $2,500 25% 25% Comm. Override* Comm. Override* 70% 70% Direct Pay Rate Direct Pay Rate $438 $438 Agent Gross Bonus Week 3 - 30% UM Bonus Override UM Bonus Override $750 40% 80% Bonus Override Bonus Override $300 $600 Agent’s Take Home Pay UM Gross Pay UM Gross Pay $1,438 $738 $1,038 *Average Commission rate

  17. Week 6 — Agent writes $2,500 AP Agent AP Week 5 UM Commission Override UM Commission Override $2,500 25% 25% Comm. Override* Comm. Override* 70% 70% Direct Pay Direct Pay $438 $438 Agent Gross Bonus Week 4 - 40% x2 UM Bonus Override UM Bonus Override $2,000 40% 80% Bonus Override Bonus Override $800 $1,600 Agent’s Take Home Pay UM Gross Pay UM Gross Pay $2,375 $1,238 $2,038 *Average Commission rate

  18. Unit Manager EXTRA Earnings on 1 Agent at 80% Override $62,738

  19. Unit Manager EXTRA Earnings on 2 Agents at 80% Override $125,476

  20. Branch Manager Scenario 1

  21. Week 1 – New Agent writes $2,500 AP Agent, Unit Manager, and Branch Manager receive no take home pay until Week 2

  22. Week 2 — Agent writes $2,500 AP Agent AP Week 1 UM Commission Override BM Commission Override $2,500 12% $438 Comm. Override* 70% Direct Pay $210 Agent’s Take Home Pay UM Gross Pay BM Gross Pay $875 $438 $210 *Average Commission rate

  23. Week 3 — Agent writes $2,500 AP Agent AP Week 2 UM Commission Override BM Commission Override $2,500 12% $438 Comm. Override* 70% Direct Pay Rate $210 Agent Gross Bonus Week 1 - 10% UM Gross Bonus Override 40% BM Bonus Override $250 65% $100 Bonus Override $65 Agent’s Take Home Pay UM Gross Pay BM Gross Pay $1,063 $538 $275 *Average Commission rate

  24. Week 3 — Agent writes $2,500 AP Agent AP Week 2 UM Commission Override BM Commission Override $2,500 12% $438 Comm. Override* 70% Direct Pay Rate $210 Agent Gross Bonus Week 1 - 10% UM Gross Bonus Override 80% BM Bonus Override $250 65% $200 Bonus Override $130 Agent’s Take Home Pay UM Gross Pay BM Gross Pay $1,063 $638 $340 *Average Commission rate

  25. Week 4 — Agent writes $2,500 AP Agent AP Week 3 UM Commission Override BM Commission Override $2,500 12% $438 Comm. Override* 70% Direct Pay Rate $210 Agent Gross Bonus Week 2 - 20% UM Gross Bonus Override 40% BM Bonus Override $500 65% $200 Bonus Override $130 Agent’s Take Home Pay UM Gross Pay BM Gross Pay $1,250 $638 $340 *Average Commission rate

  26. Week 4 — Agent writes $2,500 AP Agent AP Week 3 UM Commission Override BM Commission Override $2,500 12% $438 Comm. Override* 70% Direct Pay Rate $210 Agent Gross Bonus Week 2 - 20% UM Gross Bonus Override 80% BM Bonus Override $500 65% $400 Bonus Override $260 Agent’s Take Home Pay UM Gross Pay BM Gross Pay $1,250 $838 $470 *Average Commission rate

  27. Week 5 — Agent writes $2,500 AP Agent AP Week 4 UM Commission Override BM Commission Override $2,500 12% $438 Comm. Override* 70% Direct Pay Rate $210 Agent Gross Bonus Week 3 - 30% UM Gross Bonus Override 40% BM Bonus Override $750 65% $300 Bonus Override $195 Agent’s Take Home Pay UM Gross Pay BM Gross Pay $1,438 $738 $405 *Average Commission rate

  28. Week 5 — Agent writes $2,500 AP Agent AP Week 4 UM Commission Override BM Commission Override $2,500 12% $438 Comm. Override* 70% Direct Pay Rate $210 Agent Gross Bonus Week 3 - 30% UM Gross Bonus Override 80% BM Bonus Override $750 65% $600 Bonus Override $390 Agent’s Take Home Pay UM Gross Pay BM Gross Pay $1,438 $1,038 $600 *Average Commission rate

  29. Week 6 — Agent writes $2,500 AP Agent AP Week 5 UM Commission Override BM Commission Override $2,500 12% $438 Comm. Override* 70% Direct Pay Rate $210 BM Bonus Override Agent Gross Bonus Week 4 - 40% x2 UM Gross Bonus Override 40% 65% $2,000 Bonus Override $800 $520 Agent’s Take Home Pay UM Gross Pay BM Gross Pay $2,375 $1,238 $730 *Average Commission rate

  30. Week 6 — Agent writes $2,500 AP Agent AP Week 5 UM Commission Override BM Commission Override $2,500 12% $438 Comm. Override* 70% Direct Pay Rate $210 Agent Gross Bonus Week 4 - 40% x2 UM Gross Bonus Override 80% BM Bonus Override $2,000 65% $1,600 Bonus Override $1,040 Agent’s Take Home Pay UM Gross Pay BM Gross Pay $2,375 $2,038 $1,250 *Average Commission rate

  31. Branch Manager EXTRA Earnings on 1 UM with 1 Agent at 80% Override $36,970

  32. Branch Manager EXTRA Earnings on 2 UMs with 2 Agents at 80% Override $147,880

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