July 28, 2021
One of the Easiest Ways to Grow Your Business
The Premium Increase Program rewards you for servicing your existing customers.
One of the easiest ways to grow your business is with the Premium Increase Program (PIP). PIP rewards you for helping existing customers reach their retirement goals by increasing their ongoing annuity contributions. And, when you use the Contribution Increase feature on the Agent Portal, you get paid… faster!
Watch the video above to learn how you can receive your commissions in days vs. months.
Some highlights:
- Every annualized increase of $300 + over the High-Water Mark (HMW) in policy years 1 to 15 will receive PIP benefits
- High Water Mark fresh start: All policies without an active PIP will have HWM set to actual premium received in last 12 months
- No minimum time required between increases
- New online submission screen on the agent portal for speedy PIP recognition
- Two consecutive identical increases recognized if online tool is not used
- Full PIP recognition on increases that last less than a year
*PIP bonus commission can vary between products; see commission grid, agents must be on advance to receive advanced commissions.
