Campaign credit will be given for first-year commission credit on life, health and Item 500/501 annuity applications received in our home office between September 1, 2017 and December 26, 2018, resulting in an issued and paid for policy by February 15, 2019.
Policy count and commission credit on an Item 500/501 annuity policy will be given only when accumulated first-year premium payments received during the campaign period for the policy equal or exceed $500. (This rule does not apply to money received under SEP, SIMPLE, Money Purchase or Profit Sharing Plans.)
In all cases, the maximum life, health and annuity commission credit that will be allowed on any one insured person or annuitant is $2,000 per line of business (Life, Disability Income, LTC, Annuity). A maximum of one policy count will be allowed for each individual, for each line of business of Auto-Owners Life Company. For the purposes of policy count, permanent life insurance (Universal Life or Whole Life) and term life insurance (not including Simplified Issue products) shall be counted as two different lines of business, and earn a policy count for each, as long as each policy has a minimum $100,000 death benefit or more.
Deposits to a single Item 500/501 annuity will earn a maximum of one policy count during the campaign. Multiple annuities for the same individual will not result in additional policy count credit. Multiple term life policies or multiple permanent life policies for the same individual will not result in multiple policy count.
Example: If a term policy over $100,000 in death benefit, a Whole Life policy over $100,000 death benefit, and a Disability Income policy were all issued for the same individual, campaign production will be a total of three. If two term policies were issued for the same individual, only one policy count would be added.