1. W HAT ARE ADVANCES ?

2. A DVANCES ARE LOANS AGAINST THE FUTURE RENEWALS ON EACH CASE

3. Does J L Smith Associates charge interest on outstanding advance balances?

4. Active agents, as defined by the terms of your contract, DO NOT get charged interest on outstanding account debit balances

5. A LTHOUGH … I N - ACTIVE AGENTS, AS DEFINED BY THE TERMS OF YOUR CONTRACT, DO GET CHARGED INTEREST ON OUTSTANDING ACCOUNT DEBIT BALANCES, EQUAL TO 1% PER MONTH.

6. D O I HAVE TO PAY MINIMUM MONTHLY PAYMENTS TOWARDS MY OUTSTANDING ACCOUNT DEBIT BALANCE ? Active agents, as defined by your contract, are not required to make payments toward their outstanding account debit balance… ALTHOUGH…. In-Active agents, as defined by your contract, agree to pay monthly payments in addition to their renewal credits, equal to 5% of the outstanding account debit balance. ACTIVE AGENTS:IN-ACTIVE AGENTS: