3 Months to Secure Producer Renewal Bonus on 2018 Sales

Your top producers work hard to champion The Standard to their clients. We want to reward them by paying them more — through the Platinum Advantage Producer Renewal Bonus program.

With three months left in the year, now's the perfect time to encourage your producers to reach the bonus program thresholds.

How It Works

A producer who sells — and places — $25,000 in fully underwritten annual premium with The Standard in 2018 will receive an extra 5 percent renewal commission in years two through 10 on all Platinum Advantage fully underwritten polices. If that producer reaches $50,000 in sales, the bonus jumps to 10 percent. This is on top of the base renewal commission the producer would already receive, bringing total renewal commission to 15 percent. And they’ll receive a 2 percent service fee on those policies after year 10.

For example, a producer who sells $25,000 fully underwritten Platinum Advantage in one year would earn an additional $11,250 in bonus commission over the next 10 years.

Don’t forget: all new fully underwritten premium — including increases and for any product — count to qualify for the bonus.

Bonus Qualification Reports

You'll receive your producer renewal bonus qualification report this week. Use it to identify producers within striking distance of achieving the bonus. Remind them that they can lock in more trailing commissions by reaching $25,000 or $50,000 in placed premium. You can share the Platinum Advantage Producer Renewal Bonus flyer to help explain program details and showcase how much they could earn.

For Producers Only