New Medicare Supplement Cash Bonuses Just in Time for Summer

New Medicare Supplement Cash Bonuses Just in Time for Summer
May 17, 2021

“For producer use only. Not for use with the general public.”

Several Medicare Supplement companies have announced new cash bonuses as we head into summer!

Capitol Life

Capitol Life is offering a $750 cash bonus for every five underwritten, issued, and paid Plan F or G policies. This limited time bonus began May 10th and extends through July 10th.

Don’t forget Capitol Life offers On the Spot underwriting tools, making it fast and easy to quote and enroll your clients in a Medicare Supplement plan.

Mutual of Omaha

Mutual of Omaha is also offering a cash bonus to big producers as we head into the summer months. Issue 50 Medicare Supplement applications by July 31, 2021 and you can choose from four incredible prizes:

  1. A Husqvarna robotic mower + $400 Amazon gift card
  1. A charcoal grill package with an XLarge Big Green Egg in nest and $500 Omaha Steaks gift card
  1. A summer chill package with Pelican 150-qt Elite Cooler and $700 in gift cards from Maui Jim and Tommy Bahama
  1. A home entertainment package with a Samsung 75” QLED 4k TV and Sonos Arc soundbar

Or, if you’d prefer cold hard cash, you can opt for a $2,000 bonus.

If you don’t quite make it to 50 policies, you’re still in luck! Mutual of Omaha has added a $750 cash incentive to agents who issue between 30-49 policies.

To count toward the incentive, the Medicare Supplement applications must be underwritten and submitted between May 1, 2021 – July 31, 2021.

Lumico Medigap Solutions

Last but not least is the exciting launch of Lumico Medigap Solutions, underwritten by Elips Life Insurance Company.

Lumico Medigap Solutions features:

  • Some of the lowest rates in the market
  • Enhanced auto decision at the end of the application
  • Journey determination allowing clients to provide only the required responses for their situation – takes less time and is far less frustrating!
  • Automated emails throughout the application process
  • Dual applicant capability with household discounts

On top of these exciting features, Lumico Medigap Solutions is also offering a $500 fast start incentive! If you submit and issue 3 qualifying apps in the first 30 days after launch – June 14, 2021-July 14, 2021 – you can earn a $500 lump sum bonus. (This incentive excludes guaranteed issue and underage disability business).

Ensure you’re ready to sell on launch day! If you're already contracted with Lumico, simply log into the Lumico Agent Center. When the authorization pop-up appears, check the box and click "Agree."

If you're not contracted with Lumico yet, that's where we need to start. Fill out our online Lumico contracting form to begin!

Don’t forget to grab our updated Medicare Supplement Cash Bonus Tip Sheet. Once you download it, you’ll automatically be subscribed to our updates list, ensuring you’re notified every time this tip sheet gets a refresh.

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