UBA Thoughtwaves Header Banner

The Standard's 2019 Bonus Incentive Program

Posted by: Meg Cipar    Aug 27, 2019

Standard Insurance Company (The Standard) is a UBA Strategic Carrier Alliance and a nationally recognized provider of employee benefits group disability, life, dental and vision insurance, voluntary insurance individual disability insurance and retirement plans.

TS_bmk_sm_rgb_150The Standard's incentive program for 2019 requires that bonus dollars will only be paid to UBA Partner Firms that generate at least $25,000 in new sales premium. In all other aspects, the program remains the same as previous years.

The program pays based on block growth as follows, collectively:

  • Net Block Decrease of 5% or greater — no bonus paid
  • Net Block Decrease <5% up to Net Block Increase <15% — 1% of block paid *
  • Net Block Increase 15% or greater — 2% of block paid *

The bonus will be paid to each UBA Partner Firm based on block in force as of 12/31/2019.

* If the UBA Partner Firm has a separate bonus agreement with The Standard, the UBA bonus program will not apply.

Learn more about The Standard at www.standard.com or on the Wisdom Network.

Questions? Contact Brian Leighton at bleighton@ubabenefits.com or 32.416.3675.

 

The Standard is a marketing name for Standard Insurance Company (Portland, Oregon), licensed in all states except New York, and The Standard Life Insurance Company of New York (White Plains, New York), licensed only in New York. Products and availability vary by state and are solely the responsibility of the applicable insurance company.

Topics: Strategic Carrier Alliance, The Standard

Back