How the Buddy Bonus System Works
Schaefer Financial Group is allowing you to pool your production with your Buddies in order to qualify for Huge Bonuses! Any agent that is not currently contracted with Schaefer Financial Group and complies with our business model can be your Buddy. As a single advisor we already have the best cash incentive program in the industry. As a new producer you will automatically earn a bonus of 25% of our override on your first piece of business and every piece of business you write for the first six months. After the first six months if you have 500k of issued annuity premium you will get a six month extension at the same bonus level. At this point we will always look at your 12 month rolling average of issued annuity premium and as long as you maintain a million or more you will continue to receive 25% of our override as a bonus. However, you tell your Buddies about us we will pool your production together creating a producer group giving you a better opportunity to earn not only bonus money but Big Time Bonus Money on your business. See the different Tier Levels below.
Premium Levels are measured by the previous 12 months of paid production
Group Premium Tier Levels Below
1 Million (25%) = $7,500 in bonus money
2.5 Million (35%) = $26,250 in bonus Money
5 Million (50%) = $75,000 in Bonus Money
10 Million (60%) = $180,000 in Bonus Money
20 Million (70%) = $420,000 in Bonus Money
Maximum Agents Per Buddy Pool is 10 and the Bonus Money varies depending on the Carrier and Product Written and is only paid on Fixed or Indexed annuity premium. Only agents at Street Level commission can qualify. Bonus money is paid to you as a separate check from Schaefer Financial Group and is above and beyond the commissions that are paid to you directly from the Insurance Carrier.
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