Broker Advantage Life, Accident, Health and Supplemental Products An Affiliate Program Exclusively for SIAA Agents and Brokers

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Presentation transcript:

Broker Advantage Life, Accident, Health and Supplemental Products An Affiliate Program Exclusively for SIAA Agents and Brokers

Broker Advantage Life, Health and Supplemental Products The Broker Advantage Program provides agencies and brokerages a turnkey life, health, and health insurance supplemental solution which doesn’t require L&H licensed staff or expertise in or supplemental products — immediately expanding their product offering. What are the benefits to your Agency or Brokerage? 1. Improved customer satisfaction = improved customer retention – “one-stop shopping” 2. Expanded product lines without additional costs, fees or licenses 3. Non-local provider, reducing competitive risk to your core products 4. No training, no investment….Leave it to the experts 5. Seamless customer experience 6. Referral fee income for customer proposals What are the steps to get started? 1. Agency/Brokerage completes agreement and online registration 2. Phone number and website designs begin 3. Market your new solution and refer clients In these three easy steps, your agency or brokerage can be in the life, accident, Health and supplemental products business! REFERRAL OPPORTUNITIES BEGIN IMMEDIATELY

Referral Fees, Tiers and Payments Type of Policy (application submitted) 1 st Tier State 2 nd Tier State Life$60$40 Major or Limited Medical$60$40 Accident or Critical Illness$50$30 Short-term Medical$35$30 Dental$25$10 Accidental Death Benefit$20$15 Referral fees are based on the type of policy and by state. States are divided into two tiers.* 2 nd Tier States: DC, DE, HI, KY, MA, MD, MN, MO, MT, NH, NJ, NM, NY, OR, SD, WA All other states are in the first tier Payments for referral fees are made via ACH which is why it’s necessary to complete the ACH and W-9 forms. *Licensed agencies will receive a revenue spilt instead of referral fees.

Through VelaPoint, the Broker Advantage Program allows you to offer health and life coverage from many of the leaders in the life and health insurance industry, including:

Broker Advantage Program Options

Custom Website for Elite Participants Example of a custom Broker Advantage website Agency: The Masiello Group

Broker Advantage Life, Accident, Health and Supplemental Products An Affiliate Program Exclusively for SIAA Agents and Brokers