Thursday, 22 March 2012

How Much Can You Earn?

As an Independent Field Advertiser you determine how much you earn, depending on the amount of work you put in. IFAs earn in the following ways: through IFA earnings, Clubs and New Bonuses.: IFA Earnings. Earnings are paid on a monthly basis. You become an IFA Earner when you introduce five qualifying Key Appointments who all pay premiums in the same commission period. You will receive earnings from each person in your network that pays their premiums. Earnings are calculated on different levels and the percentage that you earn differs for every level that you reach (up to 6 levels). In order to become an IFA Earner your own IFA business fee must be paid. IFA Clubs. With IFA you can enjoy IFA Club earnings throughout the year, based on the number of IFAs in your network (level 1 - 6) who pay their premiums and business fees. Clubs are paid in addition to earnings – these are rewards that IFAs receive for each milestone they achieve when building their businesses. Clubs are earned from Club 30 to Platinum Club 20 000. New Bonuses. New bonuses are earned should you meet the stipulated requirements. The following bonuses are currently in place: You Can Club 10 ( changing to Step-up 10 as from 20 April 2011) Builders Bonus 5 Introducer Bonus 30 Introducer Bonus 60 Earn for Life as well as Year Modes should have ended with payment date 20 February 2011. However, this end date has been extended to early 2013. IFAs who meet all the relevant criteria as at 20 February 2011 will belong to the Earn for Life Forum and be recognised for the achievement at the 2011 Mass Rally. The Earn for Life Forum qualification period will be extended for a further 2 years to early 2013 to allow for additional IFAs to qualify for this forum. To find out more, attend an IFA presentation or refer to the IFA Starter Manual.

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