1) The document outlines the commission structure and projected earnings for an insurance agent over 3 years for 4 different product types. 2) In the first year, the agent earns a total commission of $60,816 with an additional $2,928 year-end bonus for net first year earnings of $63,744. 3) In the second year, the agent earns renewal commissions along with additional bonuses for total net income of $146,036.40. 4) In the third year, renewal commissions continue to be paid along with bonuses, resulting in projected total net income of $195,636.40 for the third year.

2. Plan Name No. of Product type sold Premium / Product type Commission % Commission Payout Commission Structure
Product type 2a 4 $550 annually 30% $165 x 4 = $660 First year 30%
5% second year onwards
Product type 1a 4 $200 MONTHLY 45% $90 x 4 = $360 First Year 45%
25% second year
Decline till 6th
year
Product type 1b 4 $20000 SINGLE
PREMIUM
2% $400 x 4 = $1600 Only 1 time
Product type 2b 8 $30 MONTHLY 30% $9 X 8 = $72 MONTHLY PERPECTUAL
AS LONG AS PAYMENT
MADE
TOTAL COMM for THE
MONTH $2692$2692
Same effort for the next 12 month payout
 Jan = $2692 Feb = $3,124
Mar = $3556 Apr = $3988
May = $4420 Jun = $4852
July = $5284 Aug = $5716
Sep = $6148 Oct = $6580
Nov = $7012 Dec = $7444
Total First Year Comm =Total First Year Comm = $60,816$60,816
11stst
Year End Bonus payout :Year End Bonus payout : $2,928$2,928
Net Comm : $Net Comm : $63,74463,744
// for illustration purpose only

3. 2ND
YEAR monthly income inclusive of renewals
MONTH COMM MONTH COMM MONTH COMM MONTH COMM
Jan $7,826 Apr $8,642 July $9,458 Oct $10,274
Feb $8,098 May $8,914 Aug $9,730 Nov $10,546
Mar $8,370 Jun $9,168 Sep $10,002 Dec $10,818
OVERALL INCOME FOR 2ND
YEAR
Total First Year Income for current year $ 70,128.00 1st
Year End bonus $ 29,996.80
Single Premium Income for current year $ 19,200.00
2nd
Year Product type 1 Renewal Income $ 15,600.00 2nd
year Product type 1 Bonus $ 1,748.00
2nd
year Product type 2 Renewal Income $ 6,936.00 2nd
year Product type 2 Bonus $ 2,427.60
Total Earned IncomeTotal Earned Income $111,864.00$111,864.00 Total Bonus PaidTotal Bonus Paid $34,172.40$34,172.40
Total Net Income FOR 2Total Net Income FOR 2ndnd
YEARYEAR $146,036.40$146,036.40
// for illustration purpose only

4. 3rd
YEAR monthly income inclusive of renewals
MONTH COMM MONTH COMM MONTH COMM MONTH COMM
Jan $11,080 Apr $11,536 July $11,992 Oct $12,448
Feb $11,232 May $11,688 Aug $12,144 Nov $12,600
Mar $11,384 Jun $11,840 Sep $12,296 Dec $12,752
OVERALL INCOME FOR THE 3RD
YEAR
Total First Year Income for current year $ 70,128.00 1st
Year End bonus $ 29,996.80
Single Premium Income for current year $ 19,200.00
2nd
Year Product type 1 Renewal Income $ 28,800.00 2nd
year Product type 1 Bonus $ 13,548.00
2nd
year Product type 2 Renewal Income $ 11,688.00 2nd
year Product type 2 Bonus $ 3,336.00
3rd
Year Product type 1 Renewal Income $ 6,240.00 3rd
year Product type 1 Bonus $ 3,336.00
3rd
year Product type 2 Renewal Income $ 6,936.00 3rd
year Product type 2 Bonus $ 2,427.60
Total Earned Income $142,992.00 Total Bonus Paid $52,644.40
Total Net Income FOR 3Total Net Income FOR 3rdrd
YEARYEAR $195,636.40$195,636.40
// for illustration purpose only