Get Ready for Medico's Start Strong Incentive Program
July 15, 2021
Earn unlimited incentives Aug. 1 through Dec. 31.
With Medico’s new Medicare Supplement Insurance, the more you sell, the more you earn. It’s never been more rewarding to get your clients the affordable coverage they need.
Medico's Medicare Supplement agent incentive program details and rules:
Qualifying policies include Medicare Supplement insurance plans from Medico Insurance Company or Medico Corp Life Insurance Company written in the following states: AZ, CO, GA, IA, IN, KS, KY, LA, MI, MS, NC, NE, SC, TN and WI.
Applications must be dated between Aug. 1, 2021, and Dec. 31, 2021, with effective dates no later than Feb. 1, 2022.
After a minimum of three approved and taken applications, agents will receive:
$150 for each underwritten application.
$75 for each guaranteed issue application. Open enrollment applications are also paid at this rate.
Payout will occur approximately 45 days after qualifying.
Policies must be approved before the payout to be eligible.
Chargeback will be assessed on any policy that does not become effective.
Medico makes final determination on bonus program eligibility and reserves the right to discontinue or amend this incentive program at any time.
Agents must remain in good standing and be actively contracted with Medico at time of payout.
The value of any award will be reported as income to the awarded recipient in accordance with the rules and regulations of the Internal Revenue Service. To the extent that the value of any award will be included in the recipient’s income, the recipient will be responsible for any taxes due. Agents may wish to consult a tax professional as to how this may affect them.
By participating in this program, agents agree to release and hold harmless Medico, its affiliates, owners, employees, officers, directors, and agents from any and all liability for any injury, loss, or damage of any kind arising from or in connection with award eligibility or participation. This release shall include actual, special, incidental, consequential, or punitive damages connected in any way with eligibility and participation in this program.
The laws of the state of Iowa shall govern the rules related to this award program. Participants consent to the resolution of any disputes solely through the alternative dispute resolution procedures outlined in any agent or distributor agreement that may be in place between the agent and Medico Insurance Company or Medico Corp Life Insurance Company.
Medico Insurance Company and/or Medico Corp Life Insurance Company further reserves the right to make any final adjustments to incentive amounts previously paid, based upon policy activity, such as cancellations, that would have made the policies ineligible. All incentive decisions made by Medico are final. This bonus is non-transferable.
