August 4, 2021
Two Ways to Get Paid, in Addition to Your Regular Comp
Get rewarded for opening and servicing payroll slots.
1. Payroll Slot Bonus for 403(b), 457(b) & 3121 plans.1
The National Life Group Payroll Slot Bonus Program encourages new slot openings, prolonged, consistent application submissions over time, and meets the pre-established production requirements for slot protection. When you open a new slot2 or activate a dormant slot, you can be eligible to participate.
In addition to your regular comp, this payment schedule is an example of how your participation could pay off.
For a plan with 2,000 employees, maximum payouts are:
$2,000 initial bonus
+ $3,000 year 1 bonus from meeting production
+ $4,000 year 2 bonus from meeting production
+ $6,000 year 3 bonus from meeting production
= $15,000 TOTAL slot bonus potential from this one plan!
2. Premium Increase Program for increased ongoing annuity contributions.
The Premium Increase Program rewards you for helping existing customers reach their retirement goals by increasing their ongoing annuity contributions.
Premium Increase Program Details
Next steps
Visit the FIT Retirement Series webpage for complete details on the products and their features.
Download our illustration system ForeSight™ WebGo to “NLGroup Illustrations – Homepage & Installation.”▸ “Marketing”▸ “Installation” (shown under the “Illustrations” heading)
Watch this refresher on how to illustrate FIT Secure Income and FIT Select Growth.Register for “How to Illustrate: FIT Retirement Annuity Series,” webinar training.
1. 3121 plans will be considered for payout once the assets have transferred to NLG and number of participants have been confirmed.
2. The company name on the slot must be National Life Group. All other slot names do not qualify for the slot bonus program.
