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August 21, 2018 // News

Everest Extends CASH Bonus Program

Everest is pleased to announce the extension of its “Leap to Summer” Agent Bonus program for their Brokerage and Agency distribution channels with its “We Love Summer CASH!” Agent Bonus program.  This program is meant to encourage Underwritten business, as well as an added incentive to submit via E-APP.  Please see general details shown below and request the official 2018 Q3 Medicare Supplement CASH Bonus Program flyer from your Field Management Office (FMO) or Direct Reporting Manager.

Agent Tools: Everest’s Medicare Supplement New Business & Underwriting Manual

CASH BONUS PROGRAM DETAILS
Qualification Period

Qualifying Applications

Earn additional cash on Everest Medicare Supplement products!

Maximum Apps
There are no maximum limits to the number of qualifying applications for which a bonus will be paid. Everest’s 7% Household Discount (HHD) applies in all states and is a “co-habitation” discount, requiring only one policy.
Exception: In IL and OH, the HHD is a multi-policy discount. All applications will be counted separately for this bonus program.

Payout Details
To receive a payout, you must submit a minimum of 3 qualifying “signed” applications within the same month. Each month, July through September, is counted separately; and you may participate in any or all those months. Bonus payments will be processed for qualifying applications within 30 days following the end of the month that the policy is issued.

Qualification Requirements

  1. The applications must be issued by the time the bonus payments are processed
  2. At least one (1) eligible application during the Qualification Period must be an electronic application (E-APP)
  3. Controlled business (immediate family members, plan changes or internal replacements) does not qualify for this program.
  4. This bonus payment will not be made on Open Enrollment or Guaranteed Issue applications or applications on those under age 65, unless specifically noted in writing.
  5. Everest reserves the right to determine if any application submitted outside of the program dates qualifies.
  6. More than 95% of all enforce policies written by the agent, regardless of plan or effective date, must be associated with policyholders age 65 and over.
  7.  Agents must be in good standing with Everest at the time of payout.
  8. A charge back will be assessed if the policy does not remain in force through the “Thirty Day Right to Examine and Return Policy” period

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