Business Ownership

Program

A Transamerica Company 1
The Business Ownership Program lets you take control of your career,
your business and your family’s economic future for generations
to come. Comprised of three levels, each with increasingly distinct
qualifications and benefits, the program allows you to make the
important decisions about your WFG business.1

Forms
• Platinum Assignment and Assumption Agreement – Sample Form
• Platinum Level Purchase Agreement – Sample Form
• Platinum Level Indemnity Agreement – Sample Form
• Gold Assignment and Assumption Agreement – Sample Form
• Gold Level Purchase Agreement – Sample Form
• Gold Level Indemnity Agreement – Sample Form

1 A s used in this document, “business” refers to your right to receive Vested commissions and Override Compensation under your AMA/
Agent Agreement and, for those qualifying under certain levels of this Program, the right to transfer your Income Stream and, in some
cases, your Downline team.

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The Dream of Creating a Family Legacy
Many people dream of one day starting their own business, and there is nowhere better to realize that dream
than in the United States and Canada. The entrepreneurial spirit helped to build these great countries, and
continues to fuel the ideas and innovations of generations of dreamers.

And nowhere is there an organization that offers a better platform on which to build a financial services
organization from the ground up than World Financial Group (referred to as WFG or World Financial Group).
Probably one of the first things that attracted you to WFG and its powerful business opportunity is your
ability to be in business for yourself but not by yourself. WFG’s mentoring business model, comprehensive
field training programs, and marketing and back office support, coupled with your drive and determination,
sets you on a course to achieve your dream of business ownership.

This document describes the terms of the World Financial Group Business Ownership Program (WFG
Business Ownership Program or Program) and constitutes part of your Agent Guidelines.

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 How the
Program Works2
Each level of the World Financial Group
Business Ownership Program has its
own requirements for qualification.3
The Program is administered by the
WFG Business Ownership Committee
(Committee). Once you qualify
for a Program Level, you may, with
the Committee’s approval, retain
that status during the term of your
Associate Membership Agreement
(AMA)/Agent Agreement.

2 A ll capitalized terms not defined in this document have the same meaning as used in your Associate Membership Agreement (AMA)/Agent Agreement.
The program is subject to change at any time.
3 P articipation in the Program requires an Agent to be in good standing with WFG under his/her AMA/Agent Agreement. Licensing requirements may
apply under certain circumstances.

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The Silver Level
At this first level of the Program, designated by the executor, your Vested
you qualify for the right to receive Commissions will be paid to your estate.6
Vested Commissions4 on fixed
insurance products after your AMA/ How Do You Qualify for the Silver
Agent Agreement terminates in Level?
good standing.5 As provided in the
You can qualify for the Silver Level if
AMA/Agent Agreement, Vested
you are an Agent who is a Marketing
Commissions are paid on the Silver
Director (Level 17) or higher on the date
Level Agent’s business and the
of the termination of your AMA/Agent
business of his/her Downline Agents
Agreement in good standing.
when commissions are received from
the Product Providers on policies in
At the Silver Level when your AMA/
force at the time of Termination.
Agent Agreement terminates in good
standing:
Benefits
In the case of your disability, or other • Upon retirement7 or becoming
termination of your AMA/Agent disabled, you can receive your Vested
Agreement in good standing, you Commissions
are eligible to receive your Vested
Commissions. In the case of your death, • At death, a beneficiary designated
your Vested Commissions are paid to by the executor of your estate can
an appropriately designated beneficiary receive your Vested Commissions. If,
as instructed by the executor of upon death, there is no beneficiary
your estate. If a beneficiary is not designated by the executor, all Vested
Commissions are paid to your estate.
4 “Vested Commissions” include Commissions and Override Compensation as defined under your AMA/Agent Agreement as “Vested”.
5 Your AMA/Agent Agreement will be considered to have been terminated in good standing where the AMA/Agent Agreement was not terminated for “cause”.
6 Restrictions on the payment of Vested Commissions may apply in certain jurisdictions.
7 “Retire” or “retirement” means termination of AMA/Agent Agreement and leaving the business. 5
The Gold Level
At this second level of the Program A Qualified Buyer is a fully licensed How Do You Become Qualified
you qualify for the right to sell your WFG Agent who is an EMD or above, For The Gold Level?
WFG Income Stream8 to another in good standing under his/her AMA/
WFG Agent after meeting the Agent Agreement and who has been To qualify for the Gold Level, you
qualifications listed below. The Gold approved by the Committee. However, must meet all three of the following
Level is designed to reward those your immediate CEO MD or above requirements:
Agents who, as entrepreneurs, have Upline Agent has first and last rights
created their own businesses and have of refusal to purchase your Income • Achieved 750,000 at super base net
earned the continued reward for their Stream. Also, all of your WFG codes points or 2,500,000 at super team
entrepreneurial efforts even upon their transfer to your Qualified Buyer, net points in a rolling 12 month period
retirement, disability or death. including any WFG codes that you on average for the past three (3)
may have acquired from others.9 years

Benefits One of your Downline Agents may • Have at least three (3) direct
purchase your Income Stream with qualified Senior Marketing Directors
You can choose to receive all the the consent of your entire Upline (SMDs)
benefits and privileges of the Silver hierarchy. Your Qualified Buyer
Level, or you can arrange for a is required to maintain proper • Be currently active with WFG and in
Qualified Buyer to purchase your licenses and meet minimum WFG good standing with WFG and WFG
Income Stream. This sale may occur requirements. Any transfers outside of Affiliates, subject to Committee
at the time of your retirement or your hierarchy must be pre-approved review prior to sale.
disability, or you may make pre- by the Committee.
arrangements to sell your WFG
Income Stream to a Qualified Buyer
at the time of your death.

8 “Income Stream” includes all Commissions to be received under a specific WFG Code Number(s) as determined under the AMA/Agent Agreement.
9 If you hold multiple code numbers, all code numbers must be bundled in one sale to a Qualified Buyer. The primary owner of a “MAP” controls the code number for purposes of a sale or transfer.

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At the Gold Level when your AMA/
Agent Agreement terminates in good
standing, you may:

• Begin to receive your Vested

Commissions under the Silver Level,
or Sell your Income Stream to a
Qualified Buyer under the Gold Level.

At death:

• Your estate or named beneficiary,

as directed by your executor, can
receive your Vested Commissions
under the Silver Level or you can pre-
arrange to sell your Income Stream
to a Qualified Buyer for your estate’s
benefit.

All transfers are subject to Committee

review and pre-approval.

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The Platinum Level
At this third level of the Program, you codes that you may have acquired from
earn the ability to continue receiving others.11 In addition, transfers can either
income from your WFG business, be immediate or spread out over time
while someone else, upon meeting allowing you to remain active in the
the qualifications listed below, takes business. This is a great opportunity for
over the leadership of your business. you and your family to benefit from the
The Platinum Level rewards those sweat equity that you’ve put into your
Agents who, as entrepreneurs, have business. You may also pre-arrange for
created their own businesses and have the continuation of your business at
earned the continued reward for their your death.
entrepreneurial efforts even upon their
retirement, disability or death. A Qualified Transferee must:

Benefits • Be an Immediate Family Member

You can choose to receive all the
benefits and privileges of the Silver • Maintain appropriate active licenses
Level or Gold Level, or you can arrange and meet all minimum standards with
for a Qualified Transferee, who must all requisite entities to receive the
be an Immediate Family Member10, to transferred business
take over your team. Your Immediate
Upline Agent does not have first and • Be in good standing under his/her
last rights of refusal. AMA/Agent Agreement

All of your WFG codes transfer to your Any transfers outside of your
Qualified Transferee, including any WFG hierarchy must be pre-approved by the
Committee.
10 “Immediate Family Member” includes only an Agent’s direct descendant, a sibling, a spouse or a spouse of any of the foregoing.
11 If you hold multiple code numbers, all code numbers must be bundled in one transfer to a Qualified Transferee. The primary owner of a “MAP” controls the code number for
purposes of a sale or transfer. 8
How Do You Become Qualified
For The Platinum Level?
To qualify for the Platinum Level, you
must meet all three of the following
requirements:
• Achieved 1 million at first generation
super base net points and 3 million
at super team net points in each of
the last three (3) years
• Have at least 15 qualified SMDs, six
(6) of whom must be direct, within
your super team
• Be in good standing under the AMA/
Agent Agreement and current status
of the Agent will be reviewed by the
Committee prior to sale
At Platinum Level, when your AMA/
Agent Agreement terminates in good
standing, you may:
• Begin to receive your Vested
Commissions under the Silver Level, or
• Sell your business to a Qualified
Buyer under the Gold Level, or
• Arrange for a Qualified Transferee
(who is an Immediate Family
Member) to take over the business
you have built under the Platinum
Level
At death:
• Your estate or named beneficiary
(as directed by your executor) can
receive your Vested Commissions
under the Silver Level, or
• You can pre-arrange to sell your
Income Stream to a Qualified Buyer
under the Gold Level, or
• You can pre-arrange to transfer your
business to a Qualified Transferee
(who is an Immediate Family
Member) under the Platinum Level
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 U.S. Registered Representatives &
Investment Advisor Representatives
As important as it is to ensure that
transition plans are in place for
the fixed insurance portion of your
business, those U.S. WFG agents who
are Registered Representatives or
Investment Advisor Representatives
(representatives) of Transamerica
Financial Advisors, Inc. (TFA) want to
ensure that they have transition plans
in place for their securities and/or
investment advisory businesses.
Additional programs have been created
for eligible TFA representatives that
include two exclusive levels: Gold and
Platinum.
To qualify for these programs the
representative must:
• Be an MD (Level 17) or higher
advancement level
12 Subject to FINRA rules and regulations
• Be in good standing with TFA
• Fully life licensed and securities
registered
For both levels the transfer of
business will be reviewed and a final
determination made by TFA.
Gold Level12
To be eligible for this program, the TFA
representative must have:
• Earned a minimum of $500,000 in
Gross Commissions on average in a
rolling 12-month period over a three-
year period.
At this level, the TFA representative
can make arrangements for a Qualified
Buyer to purchase his/her business at
the time of retirement or disability, or
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make pre-arrangements for someone
to purchase the business upon his/her
death. The TFA representative’s Upline
has the first and last rights of refusal.
The Qualified Buyer must be a TFA
representative in good standing who is
fully licensed and registered.
Platinum Level12
To be eligible for this program, the
TFA representative must have earned
a minimum of $600,000 in Gross
Commissions on average in a rolling
12-month period over a three-year
period.
12 Subject to FINRA rules and regulations
At the Platinum Level, the TFA
representative can make arrangements
for a Qualified Transferee, who must
be an Immediate Family Member,
to take over his/her team. This is an
excellent opportunity for the TFA
representative’s family to benefit from
his/her hard work and dedication over
the years in this business.
Additionally, at this level, the TFA
representative’s immediate Upline
does not have first and last rights of
refusal. However, just as with the Gold
Level, the Qualified Transferee must be
a TFA representative in good standing
who is fully licensed and registered,
and an Immediate Family Member.
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WFG10025/5.20

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