Requirements / Appointment
What's the lowest minimum capital requirement?
$50,000
What tier is the minimum tier to achieve a quarterly bonus?
To be eligible for monthly bonuses, the Retail agent must achieve the Tier C or higher
How much is the Monthly Marketing Bonus?
$300 / Month
Grand Rapids and (this city) actually have laws against being annoying.
A) Brighton
B) Jackson
C) Ann Arbor
D) Muskegon
E) Novi
Brighton
Does an agent get a bonus on NB written during their Reserve program?
Yes
If an agent misses the quarterly target, how long do they miss bonus?
They will not receive any monthly bonuses in the following quarter.
What is the requirement to receive the Monthly Marketing Bonus?
Be Tier C or higher
A flock of crows is known as a ______.
A) Game
B) Flock
C) Murder
D) Kill
E) Game of Thrones
C) Murder
When was the last month to appoint a Retail West/East/Lite?
January 2019
If an agent falls off bonus in Q7, do they have to "make up" the difference in PIF or NB?
No - each quarter stands on it's own.
What is no longer a bonus in the Retail programs?
No more Lead Generation Bonus - $5,000 (had to use for certain items, get reimbursement, forms to fill out)
How many wolverines live in Michigan?
A) 0
B) 1-250
C) 250-300
D) 300-500
E) 500+
ZERO - 'The Wolverine State' without any wolverines. We've got the nickname "The Wolverine State," and of course, the University of Michigan and the Wolverines are forever linked. The wolverine population in the United States is anything but big. An estimated250-300 wolverines live in the lower 48 states.
How many staff are required for a Retail?
At the time of final approval for conversion to the Retail Agent Program, a Reserve agent must have a minimum of one agency staff member who must be licensed and appointed with the Companies.
What is the max Percent of Monthly New Business Commission bonus?
300%
Which of the following are NOT excluded from the net new business commission calculation?
A) Kraft Lake
B) FFS
C) Bristol West
D) Flood Insurance
Bristol West - BW is INCLUDED
A baby octopus is about the size of a _____ when it is born.
A) Dog
B) Tennis Ball
C) Cat
D) Flea
E) Raisin
Flea - You would think this would make them hard to spot, however since eggs are laid by the tens of thousands, it would be hard to miss a massive cluster of pea-sized octopuses!
What quarter percentage do they bonus the Reserve production based on?
Agent’s Tier Placement achieved based on performance during the first quarter on the Retail Agent Program.
What is the max Annual Bonus on Net New Business Commissions?
60% on commissions paid
What are the 5 Bonus Opportunities?
1) Agency Start Up
2) Monthly Marketing Bonus
3) Bonus on Production during Reserve Program
4) Monthly Bonus
5) Annual Bonus
What modern company kept the price of their product the SAME PRICE for over 70 years?
Coke - 5cents