Everest Extends Cash Bonus Program
Everest is pleased to announce the extension of its “Leap To Summer” Agent Bonus program for our 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.
NOTE: Next week Everest will be processing qualifying bonuses in association with the 2018 Q2 “Leap To Summer” Medicare Supplement CASH Bonus Program.
- July 1, 2018 – September 30, 2018
- Underwritten & Issued Medicare Supplement – Applicants Age 65+
- All Available Plans
- All States
Earn additional cash on Everest Medicare Supplement products!
- $125 for each underwritten and issued E-APP (electronic) application
- $75 for each underwritten and issued PAPER application*
* One (1) E-APP required – see Qualification Requirements. Never used our E-APP? Contact your FMO Office for training.
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.
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.
Bonus Program Rules
- The applications must be issued by the time the bonus payments are processed
- At least one (1) eligible application during the Qualification Period must be an electronic application (E-APP)
- Controlled business (immediate family members, plan changes or internal replacements) does not qualify for this program.
- 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.
- Everest reserves the right to determine if any application submitted outside of the program dates qualifies.
- More than 95% of all inforce policies written by the agent, regardless of plan or effective date, must be associated with policyholders age 65 and over.
- Agents must be in good standing with Everest at the time of payout.
- 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
-Everest, at its sole discretion, reserves the right to modify or change this promotion at any time.
-Both agents directly paid by Everest and Licensed Only Agents (LOA) are eligible.
-Everest is solely responsible for Direct Pay Agents and will bear all the costs associated with this Reward Program.
-Everest has no obligation to pay Licensed Only Agents as payment for qualified policies are paid to their Direct Reporting Manager, who is then responsible for any payments related to this program.
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