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Dear Representative:
We are offering you an incentive program for placing your fixed insurance and fixed annuity business through Harbour Investments, Inc. We will give you production credits for your fixed business that will be applied to your production on your securities business. If you are writing a significant amount of fixed business this could increase your overall GDC payout level and give you a better opportunity to achieve “Admirals Club” and “Captains Club” status.
Admirals Club: Top 10-production credits [Qualification period: Jan 1 - Dec 31] Earns you and a guest a fabulous trip at a tropical location with Harbour’s President, Nick Sondel.
Captains Club: Top 40-production credits [Qualification period: Aug 1 - Aug 1] Earns you 3 free nights lodging at our 2008 Annual Marketing and Compliance Conference held at the beautiful Heidel House Resort in Green Lake, WI. Included in this club are many give-a-ways, awards and lots of recognition.
Harbour Reps production credit on their fixed business will be 10 times the amount of the override paid to Harbour. Examples of fixed production credit application are as follows:
Example 1: Annuity for $100,000 X 6%=$6,000 agent commission Assuming Harbour gets .25% override=$250.00 Agent receives 10 times the $250.00=$2,500 production credits
Example 2: Annuity for $100,000 X 6% = $6,000 agent commission Assuming Harbour gets .50% override=$500.00 Agent receives 10 times the $500.00=5,000 production credits
Example 3: Life premium of $20,000 X 80%=$16,000 agent commission Assuming Harbour gets 10% override=$2,000.00. Agent
receives
Harbour would like to earn your fixed insurance and annuity business by offering you top-notch insurance companies with helpful brokerage houses to process your business. We will also be offering other incentives throughout the year for your fixed production.
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