Aug 21, 2024
Downline Brokerages can earn up to 3% of annualized premium selling Beam Benefits suite of products through Amwins.
When business is quoted and implemented through Amwins, with effective dates of 2/1/24 - 1/1/25, it will be counted towards the bonus program. The Tier achieved will be based on new business annualized premium1 placed during the program window, and will be calculated by multiplying the 2nd month earned and collected premium* by 12 months.
Eligible products include Beam administered dental, vision, life, accident, critical illness, and hospital indemnity products. Disability products are excluded from the program.
| 2024 ANNUALIZED NEW BUSINESS PREMIUM (2/1/24-1/1/25 effective dates) | BONUS PERCENTAGE (Applied to all In-Force Annualized Premium on 1/1/25) | |
|---|---|---|
| Tier 1 | $100,000 - $299,999 | 1% |
| Tier 3 | $300,000 - $599,999 | 2% |
| Tier 3 | $600,000+ | 3% |
This bonus will be paid as a one-time payment, expected to be paid in March 2025.
See the bonus flyer for more details, and reach out to your Amwins Connect Sales Representative to learn more about Beam's offerings!
1 Total Annualized Amount calculated as the value of a group's second month of coverage x 12 for groups still effective as of 1/1/2025.
