Pacific Financial offers four basic plans to Brokers requesting BMC-85 Trust Agreements. We are sure that at least one of these plans will suit your needs.

CASH PLAN

The Broker submits $10,000 in cash to collateralize a BMC-85 Trust Fund.

Cost: $10,550 initially, comprised of a one time $550 administrative fee plus the $10,000 collateralization payment.

LETTER OF CREDIT PLAN

The Broker arranges for a $10,000 Irrevocable Standby Letter of Credit issued by a federally insured bank or credit union, naming Pacific Financial as beneficiary.

Cost: $550 annual administration fee due at the beginning of each contract year, plus a $10,000 Letter of Credit.

ANNUAL PAYMENT PLAN

The Broker will execute a Collateral Agreement securing credit for the BMC-85 Trust Fund. Pacific Financial will also require at least one Irrevocable Personal Guarantee of a principal who must have good credit.

Cost: $950 annual administration fee due at the beginning of each contract year.

MONTHLY INSTALLMENT PLAN

The Broker will execute a Collateral Agreement securing credit for the BMC-85 Trust Fund. Pacific Financial will also require at least one Irrevocable Personal Guarantee as a principal.

Cost: Broker will pay monthly installment payments plus the $950 administrative fee for the first year. Renewal fees include a $750 fee for the second year; a $550 fee for the third year and no renewal fee for subsequent years thereafter, assuming all monthly collateralization installment payments have been paid as agreed.