Compensation Example
- 1. Primerica Compensation Example Changing Lives Has Its Rewards Bob & Susan Smith 35 & 34 years old with two children Before Primerica With Primerica District Leader Regional Leader Regional Vice President Debt: Debt: Writing Representative’s Compensation $22,000 in consumer debt. Combined all debt at $209,000. New Mortgage of $180,000. Total monthly mortgage payment of $1684. monthly debt of $2280. Mortgage Debt free in 20 years. Saved $752 $1,421 $2,090 paid in 24 years $596/month Life Insurance Life Insurance Writing Representative’s Compensation $100,000 of cash value life $300,000 of life insurance on Bob & insurance in both Bob & Susan Susan and $25,000 on the children. and $0 on the children. Total Total momthly cost: $108. Saved $648 $907 $1,231 monthly cost: $250 $142/month Retirement Retirement Writing Representative’s Compensation Bob & Susan had $20,000 in an Transferred the RRSP's into mutual RRSP at the bank earning 3% in a funds. Monthly contributions GIC, with $100/month increased to $500 ( $250/each). $400 $550 $650 contributions. Accumulated Accumulated savings at 10% at age 65 savings at age 65 = $107,410 = $1,527,000 PLPP PLPP Writing Representative’s Compensation Bob & Susan had no will,and no access to a respected, Bob & Susan get a will, and access to $80 $100 $125 full-service law firm. a respected, full-service law firm. Bottom Line: Increased retirement contributions by $400/month. $1,880 $2,978 $4,096 Saved $403 in monthly budget. A or B RL Overriding a District RVP Override On a scale of 1-10, 10 being the highest, how would you ` rate your desire to become debt free and financially $1,098 $1,118 independent? ___________________ RVP Overriding a District Primerica — One of the Greatest Part-Time and Full-Time $2,216 Opportunities in North America Today … For illustrative purposes only. Each debt situation will vary. Amounts and monthly payments rounded to the nearest whole numbers. Monthly payment illustrations do not include payments for taxes and insurance. Weighted average APR of consolidated personal debt and mortgagenot shown. Assumes no additional debt incurred. 2. Using Primerica’s Custom Advantage 30; Primary: male, age 35, non-tobacco user, Spouse: female, age 34, non-tobacco user. 3. The investment example is for illustrative purposes and does not represent an actual investment. This example shows a constant rate of return, unlike actual investments which will fluctuate in value. It does not include fees and taxes, which would lower results. Consult your tax advisor with any questions. Rates of return used in the above illustration are hypothetical and do not represent the returns of an actual investment, which will fluctuate in value. The figures show a 10% nominal rate of return compounded monthly and do not take into consideration taxes or other factors. For training purposes only, not to be distributed to the public © 2009 Primerica Financial Services