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    Izzati Azwani
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    The document outlines the budgeted performance for the 2004/05 fiscal year, including starting with 30 agents and recruiting 3 new agents per month to reach a total force of 63 agents by March 2005. It projects the force size, new cases, and overriding commission on a monthly basis. The total budgeted first year commission is $686,400 based on recruiting up to 1,188 new cases over the fiscal year with a 100% persistency rate.

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    The document outlines the budgeted performance for the 2004/05 fiscal year, including starting with 30 agents and recruiting 3 new agents per month to reach a total force of 63 agents by March 2005. It projects the force size, new cases, and overriding commission on a monthly basis. The total budgeted first year commission is $686,400 based on recruiting up to 1,188 new cases over the fiscal year with a 100% persistency rate.

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    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
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    Download as xls, pdf, or txt
    14 views3 pages

    Calculator

    Uploaded by

    Izzati Azwani
    The document outlines the budgeted performance for the 2004/05 fiscal year, including starting with 30 agents and recruiting 3 new agents per month to reach a total force of 63 agents by March 2005. It projects the force size, new cases, and overriding commission on a monthly basis. The total budgeted first year commission is $686,400 based on recruiting up to 1,188 new cases over the fiscal year with a 100% persistency rate.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    of 3

    Budgeted Performance for year 2004/05

    FYC $ 686,400.00
    Policy Amt 1188
    FYC (after persistency) $ 686,400.00

    Ratios
    Persistency 100%
    Productivity 4 cases
    Activity Ratio 50%
    Average Case Size 100 per month

    Recruitment
    Current Agents 30
    New Recruit per month 3
    Budgeted Performance for Year 2004/05

    Apr May June July Aug Sept Oct Nov


    Current Agent Force 30 33 36 39 42 45 48 51
    New Recruit 3 3 3 3 3 3 3 3
    Total Agents 33 36 39 42 45 48 51 54

    Contribution Monthly 6600 6600 6600 6600 6600 6600 6600 6600
    7200 7200 7200 7200 7200 7200 7200
    7800 7800 7800 7800 7800 7800
    8400 8400 8400 8400 8400
    9000 9000 9000 9000
    9600 9600 9600
    10200 10200
    10800

    Total FYC 6600 13800 21600 30000 39000 48600 58800 69600

    New Cases Monthly 66 72 78 84 90 96 102 108

    UM Overriding Comm 858 1794 2808 3900 5070 6318 7644 9048
    Year 2004/05

    Dec Jan_05 Feb_05 Mar_05 Total


    54 57 60 63
    3 3 3 3
    57 60 63 66

    6600 6600 6600 6600


    7200 7200 7200 7200
    7800 7800 7800 7800
    8400 8400 8400 8400
    9000 9000 9000 9000
    9600 9600 9600 9600
    10200 10200 10200 10200
    10800 10800 10800 10800
    11400 11400 11400 11400
    12000 12000 12000
    12600 12600
    13200

    81000 93000 105600 118800 686400

    114 120 126 132 1188

    10530 12090 13728 15444

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