TriVystaTM Production Bonus
Production bonuses under the plan will be payable according to the following schedule:
Cumulative issued premium from $100,000 to $249,999 = 0.25%
Cumulative issued premium from $250,000 to $499,999 = 0.50%
Cumulative issued premium from $500,000 to $999,999 = 0.75%
Cumulative issued premium over $1,000,000 = 1.00%
Qualifying Period: The bonus period will run from January 1st, 2016 until March 31st, 2016. Business must be issued during the qualification period. No exceptions will be made.
Eligibility: Bonus is paid to the Writing Agent (SGA or lower) on the application. Agents are eligible if they have no debit balance and have not been the subject of any customer complaint. The bonus is based on the total TriVysta premium on applications issued after January 1st, 2016 and issued by March 31st, 2016. Premium must be paid during this period and is reduced by any Not Takens, Surrenders, or Deaths. Not Taken sales refer to those contracts that are canceled by the customer during the 30 day free look period.
The maximum case size is $1,000,000. Production from multiple agents may not be aggregated to qualify for a higher level. In case commission is split on a single case, Premium will be split in the same manner.
Bonus Payment: The Production Bonus payments will be made in May 2016. All policies must be delivered and a valid delivery receipt received in order to be eligible for the bonus payment. Bonus dollars are taxable income for the year in which they are paid, and will be included in the 1099M for 2016.
Guggenheim reserves the right to terminate or change the terms of the program at any time at its sole discretion and will make all determinations as to eligibility.
For more information about the new TriVystaTM Fixed Indexed Annuity or the Production Bonus, please contact The Ohlson Group at 1-877-844-0900 or firstname.lastname@example.org
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