Earned Point Calculation Methods

 

Fixed business
(through Allegis Advisor Group)

Life Insurance (excludes variable life)

  • 1 point for each $1 of paid target permanent premium

  • 1 point for each $1 of paid term premium (no minimum application size)

  • 1 point for each $35 of paid excess life premium

Annuities (excludes variable annuities)

  • 1 point for each $20 of paid indexed annuity premium

  • 1 point for each $35 of paid fixed annuity premium

Long Term Care and Linked-Benefit Insurance

  • 1 point for each $2 of paid target premium

  • 1 point for each $20 of paid single-pay Linked-Benefit premium (including State Life, Lincoln Life’s MoneyGuard, and Nationwide).

Disability insurance

  • 1 point for each $2 of paid target premium

AUM Business
(Through TownSquare Capital)

  • 1 point for every $3.50 of fee revenue

  • 50,000 point bonus for the first $5mm in net new AUM during qualification period

  • Additional 50,000 point bonus for the first $10mm in net new AUM during qualification period

 

Rules

 

Fixed business
(through Allegis Advisor Group)

Required for qualification: Minimum average target premium of $1,000 (excludes annuities and excess premium), five placed cases, 195,000 Allegis points for Summit conference, and 300,000 Allegis points for Summit and Pinnacle Conferences (see Earned Point Calculation Methods).

QUALIFICATION PERIOD: January 1–December 31, 2019. Only applications paid and placed through Allegis between these dates qualify. 

Each qualifier is invited to attend, each with one guest and provided with lowest-priced coach class airfare. Additional guests can buy in based on availability and must be approved by Allegis Advisor Group.

Cash or non-cash incentives of any type (e.g. trips, sales awards, or gifts) should never affect the determination of a suitable insurance company or product to present as possible options to a consumer seeking appropriate product alternatives. A complete unbiased carrier and product solution should be based on an understanding of each client’s facts and circumstances. Because of the value of the prize, there may be additional reporting responsibilities on the part of the qualifier.

Award and points are non-transferable and combined agency production of the pooling of sub-agent production does not qualify. 

A 1099 form will be issued to contest winners for the fair market value of the trip. Contest winners will be responsible for any associated tax liability.

Points for split cases are credited based on percentage split.

Void where prohibited by federal or state law or regulation.

Invitation to this event is at the sole discretion of Allegis. Allegis has the exclusive right to modify and interpret the rules of this contest, or to terminate the contest at any time, without prior notice.

Producer must be in good standing with Allegis (no outstanding debit balances) and all regulatory authorities.

Producer may only qualify once.

Not redeemable for cash or other remuneration.

AUM Business
(Through TownSquare Capital)

Required for qualification: 185,000 TownSquare points for Summit conference, and 295,000 TownSquare points for Summit and Pinnacle Conferences (see Earned Point Calculation Methods).

QUALIFICATION PERIOD: Q2 2019 through end of Q1 2020. 

Each qualifier is invited to attend, each with one guest and provided with lowest-priced coach class airfare. Additional guests can buy in based on availability and must be approved by TSC.

Cash or non-cash incentives of any type (e.g. trips, sales awards, or gifts) should never affect the determination of a suitable product to present as possible options to a consumer seeking appropriate product alternatives. A complete unbiased product solution should be based on an understanding of each client’s facts and circumstances. Because of the value of the prize, there may be additional reporting responsibilities on the part of the qualifier.

Award and points are non-transferable and combined group production of the pooling of sub-advisor production does not qualify. 

A 1099 form will be issued to contest winners for the fair market value of the trip. Contest winners will be responsible for any associated tax liability.

Points for split cases are credited based on percentage split.

Void where prohibited by federal or state law or regulation.

Invitation to this event is at the sole discretion of TSC. TSC has the exclusive right to modify and interpret the rules of this contest, or to terminate the contest at any time, without prior notice.

Advisor must be in good standing with TSC and all regulatory authorities.

Advisor may only qualify once.

Not redeemable for cash or other remuneration.