Now you can make even more bucks on your Medicare supplements and SELECT underwritten business.
We are happy to announce our new Broker Bonus Program.
You will receive a cash bonus when you sell our Medicare supplement and SELECT products in the following states from September 25, 2017 – January 31, 2018
| Arizona | Nevada | Pennsylvania | Texas |
| Florida | New Jersey | South Carolina | Utah |
| Georgia | North Carolina | Tennessee | Wisconsin |
| Mississippi | Ohio |
HOW THE PROGRAM WORKS
- Apps signed September 25, 2017 – January 31, 2018 must be issued and effective prior to February 1, 2018
- Minimum five issued policies per month to qualify for payment
- Timing of payment based on the effective date of the policy
- Pays on Plans F, G and N only
- Pays $200 cash per issued policy for Underwritten business (Includes internal and affiliate conversions)
- Pays $50 per issued policy for Open Enrollment business (Excludes internal and affiliate conversions)
- For internal and affiliate conversions on Underwritten business, only when the original writing agent submits the application is it eligible for payment
- Excludes all Guaranteed Issue and under age-65 business
PAYMENT
- Policy must be inforce at time payment occurs
- Payment based on the month in which the policy took effect. See schedule below.
| Policy effective: | Payment (if policy still inforce) |
| September 25, 2017 thru October 2017 | Early December 2017 |
| November 2017 | Early January 2018 |
| December 2017 | Early February 2018 |
| January 2018 | Early March 2018 |
| February 2018 or later | No payment |
ELIGIBILITY
You are eligible to earn a cash payout on Medicare supplement and SELECT business you place as a broker producer (personal production only; individuals or agencies may not qualify based on business placed by down-line producers) for policies underwritten by Mutual of Omaha Insurance Company in Mississippi and Pennsylvania; United World Life Insurance Company in North Carolina, Nevada, Ohio, South Carolina, Texas and Wisconsin; United of Omaha Life Insurance Company in Florida and New Jersey; and Omaha Insurance Company in Arizona, Georgia, Tennessee and Utah. Some exclusions apply.
QUALIFICATION PERIOD
Medicare supplement and SELECT signed, issued and effective in identified states September 25, 2017 – January 31, 2018 are eligible.
Applications signed September 25 – September 30, 2017 that qualify will count towards October application minimums and will be paid accordingly.
MISCELLANEOUS
- Mutual of Omaha reserves the right to change, limit or cancel any program, rule or award at any time
- You must be contracted and actively representing Mutual of Omaha Insurance Company or its affiliate at the time of the award
- You must be in good standing with Mutual of Omaha’s Regulatory Affairs at the time of the award
- No substitution for, or transfer of the award, will be allowed
- The costs of the award will be reported to you as taxable income on IRS Form 1099
- Special Agents’ cash awards are allocated to their agency
MORE REASONS TO PARTNER WITH US
With Mutual of Omaha, you get:
- Household discount to further lower rates (not available in Florida)
- No policy fee
- Plan G competitive with and without the household discount
- Med Supp e-App for error-free and complete applications
- Fast underwriting (10 minutes from e-App to underwriter; decision in less than three days)
- Talk directly with your underwriter
- Marketing Credits grow with your cash (minimum five issued apps in a month)
We thank you for your business.
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