Compensation Example

Example:

Compensation Rate = 110%
Premium: $100 per month
Annual Premium (AP): 1,200
1,200 X 110% Comp = 1,320 (Total Comp)
1,320 X 75% Advance = $990 (Total Advance)

You will be advanced $990 based on this example once the policy is approved.

The remaining balance of the Total Compensation:
1,320 (Total Comp) - 990 (Total Advance) = $330 (Remaining amount of the Total Comp)
You will receive the remaining $330 over a course of 3 months

This will be divided into months 10,11 and 12.
Month 10 = $110
Month 11 = $110
Month 12 = $110

Total Comp = 1,320 (Over a period of 1 year)