This type of TICA is eligible to earn Premium Builder Payments.
What is EVERYONE (Traditional or New Market Agents)
100
SMVC ---- not in an Acronym
What is Semi-Monthly Variable Compensation?
100
$18,000
What is the signing bonus?
200
This is the commission percentage a TICA earn for a Universal Life during year 2 and 3 for written premium.
What is 27% PCP and 12% excess?
200
Schedule A - $3,500
What is the entry point?
200
Calendar Years 1 & 2 at 2%
What is the default rate?
200
The 15th of your first month as an Agent.
What is the day you receive payment for the signing bonus?
300
This Health Product pays the highest commission rate.
What is LTC or DI
300
5 years
What is the maximum number of years a New Market TICA Agent is eligible to receive premium builder?
300
The Variable Rate after your default period
What is 0 - 3%
300
The additional % you earn that is considered Business Development Allowance.
What is 12%
400
5% of Finance Charges but no less than $35 and no more than $150
What is base commission on Vehicle Loans
400
As a New Market Agent who is on Schedule A, they receive $5,500 on their first commission check when they reach this amount of new P&C premium issued in their first 15 days.
What is $8,500
400
$11,500 or 5$ times the prior year Auto PIF whichever is less.
What is the minimum benchmark for the financial services commissions portion of SMVC?
400
Paid on premiums earned for written and issued life insurance policies sold in your first 12 months.
What is Business Development Allowance
500
You earn the highest percentage of writing commissions for this Life Insurance Policy(ies) in year 1
What is Whole Life or 5 Year Term or Universal Life (PCP)?
500
Agent A is a New Market Agent in a territory identified as Schedule A for Premium Builder Payments. Agent A has $12,000 of New P&C Premium issued in Month 1. Agent A will receive this amount of PBP on the 15th day of Month 2.
What is $4,000
500
In their 2nd full calendar year a TICA can earn up to .5% more in SMVC assuming they meet this criteria.