Payment Change – Broker Bonus Program

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
 

#goldencareagent
#mutualofomaha