Good news! All apps that qualify for payment under the rules of our current Medicare supplement Broker Bonus programs will be paid as long as the policy is in force at the time of the payment. The criteria that qualified apps must be effective as of February 1, 2018 has been eliminated.
Our two current Broker Bonus Program contest periods and states are listed below.
- September 25, 2017 – January 31, 2018 ( AZ, FL, GA, MS, NV, NJ, NC, OH, PA, SC, TN, TX, UT and WI)
- December 1, 2017 – January 31, 2018 (AL, NH, NM, SD and VA)
While qualification criteria remains the same for both programs, there is a change in the payment process. To qualify, apps need only to be signed and issued during the contest periods. Payment will be made on all qualified apps as shown in the payment schedule table below.
Policy Effective | Payment Occurs (For policies still in force) |
September 25, 2017 — October 31, 2017 | Early December 2017 (paid) |
November 1, 2017 — November 30, 2017 | Early January 2018 (paid) |
December 1, 2017 — December 31, 2017 | Early February 2018 |
January 1, 2018 — January 31, 2018 | Early March 2018 |
February 1, 2018 — February 28, 2018 | Early April 2018 |
March 1, 2018 — March 31, 2018 | Early May 2018 |
April 1, 2018 — April 30, 2018 | Early June 2018 |
May 1, 2018 — May 31, 2018 | Early July 2018 |
June 1, 2018 — June 30, 2018 | Early August 2018 |
For any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083.
Payment Change – Broker Bonus Program
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