Synergy's VIP program provides unparalleled reward for loyal producers. Top producers are rewarded with 3 different incentives that make up the total VIP package. Producers must enroll in the VIP program through the link at the bottom of the page. Our overall objective with the VIP Program is simple. Ultimately, Synergy’s main value lies within the high quality people we employ and our reputation for being trusted and respected. In today’s world of aggressive agent recruitment techniques we want to reward the independent producer who recognizes that our foundation isn’t always the flashiest or fanciest out there, but it is what matters the most. Virtual referral selling Definition - Acquiring new customers who are suggested or referred to by existing customers.  Translation
As a memeber of the VIP program, we have created a painless way to generate revenue for your business. Simply refer life insurance and annuity agents to Synergy and earn an ongoing cash bonus! Guidelines In the referral process it is critical for a referred producer to active as soon as possible, Synergy recognizes this and provides extra compensation for quality introductions that provide quick results. From the initial referral date the VIP member who referred a new producer will receive 20% of the adjusted override earned by Synergy for 6 months. After that for the next 12 months a VIP member is eligible for 10% of the adjusted override. Additionally, Synergy recognizes that there is an importance of maintaining relationships. Referral Selling accomplishes this by making sure the VIP member has an incentive to strengthen the relationship between a referred producer and Synergy. After the initial 18 months of introduction, a VIP member is eligible to receive 5% of the adjusted override as long as both producers remain in good standing to Synergy. There is no time limit! Referral Selling could literally pay dividends for life! |
Improshare Definition - Improved productivity through sharing.  Translation
Benefits you receive by making Synergy Annuity Marketing more productive through loyalty, ease of doing business and volume of sales. By sharing in reducing your marketing cost, Synergy can increase it’s productivity and simultaneously give the independent producer a financial incentive to use Synergy for all of your fixed insurance needs. Guidelines
With every $1,000,000 of annuity premium or $100,000 of target life premium dollar you pay out you accumulate a VIP Credit. VIP Credits essentially work like frequent flier miles or credit card points, your accumulated credits can be used to purchase tangible items through our online catalog or be redeemed for marketing reimbursement. At the end of each fiscal year Synergy will evaluate its excess profit and put 20% of that value in a VIP Lockbox. That value will determine a dollar value per VIP Credit which can be used for redemption. True Improved Productivity
We value growth, and as a reward for helping Synergy grow through either loyalty or production Improshare increases a producer’s VIP Credits. This is done it two ways First way- Loyalty- For each year a producer remains a VIP member their previous years points carry forward and are added to the current year Year | Total Annuity Premium | Total Target Life Premium | Total VIP Credits for the Year | Total Carryover VIP Credits | Grand Total VIP Credits | 1 | $2,300,000 | $113,000 | 3 | | 3 | 2 | $3,100,000 | $55,000 | 3 | 3 | 6 | Second way- production growth- For each year that a producer surpasses their personal record premium Improshare DOUBLES the amount of points for the current year. Example) Year 1- Total Paid Premium
$2.3 million annuity
$113K Target Life Total Year 1 VIP Credits- 3 | Year 2 (Current Year)- Total Paid Premium
$3.1 Million Annuity
$55k Target Life Total Current Year VIP Credit 3 PLUS A BONUS of 3 VIP Credits for increasing Annuity Premium Grand Total Year of 9 VIP Credits available for Redemption | |
Production Reimbursement  Translation
The definition of Synergy involves joining forces to create a more powerful force. We believe that sharing in the cost of marketing can ultimately drive our own firm to higher revenues and productivity. Guidelines
As a VIP member you are eligible used to purchase tangible items through our online catalog or be redeemed for marketing reimbursement. For every $1,000,000 in core annuity product premium or $100,000 in core target life product premium VIP members are eligible for up to $5000 in reimbursement for eligible marketing expenses. Additionally, after the first $1,000,000 threshold is obtained there is a sliding scale of reimbursement until this next threshold hold is obtained. Below is an example of the threshold level between $1,000,000 and $2,000,000 Premium Paid | Eligible Reimbursement | $1,000,000 | $ 5,000 | $1,200,000 | $ 5,200 | $1,400,000 | $ 5,800 | $1,600,000 | $ 6,800 | $1,800,000 | $ 8,200 | $2,000,000 | $ 10,000 | Example) VIP member does $1,325,000 of core annuity product and 4 core life product case totaling a target premium of $110,000. The VIP member uses seminars and telemarketing to drive marketing efforts and has receipts in excess of $10,000. Based upon the combination of premiums the VIP member is eligible for reimbursement of those expenses in the amount of $5,800. Our Goal
Our overall objective with Production Reimbursement is simple. Ultimately, Synergy’s main value lies within the high quality people we employ and our reputation for being trusted and respected. In today’s world of aggressive agent recruitment techniques we want to reward the independent producer who recognizes that our foundation isn’t always the flashiest or fanciest out there, but it is what matters the most. Not all producers are eligible for the VIP Program Click Here to Read Eligibilty Requirements and Disclosure |
