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Empire Life GIF Growth Commission Bonus program

Submitted by Brett on January 24, 2023 - 1:00am

Insurance & Investments
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Empire Life GIF Growth Commission Bonus program

Extended for 2023, earn a commission bonus for actively promoting the value of Empire Life Guaranteed Investment Funds (GIF)1 to new and existing clients.

    The growth commission bonus is available on deposits made between January 2 to December 29, 2023.

      How does the Empire Life GIF Growth Commission Bonus program work?

       

      100% of the growth commission bonus is payable directly to advisors to reward them for growing their GIF business and providing outstanding in-force service to existing Empire Life GIF clients. The program rewards successful advisors in two ways:

      1. GIF Deposit Bonus Rate – A commission bonus is payable based on GIF gross deposits.
      2. Net Growth Bonus Factor – The GIF Deposit Bonus Rate is multiplied by the Net Growth Bonus Factor to determine the total GIF Growth Commission Bonus.

        Empire Life GIF Growth Commission Bonus program details and eligibility2

        Eligible products

        GIF 75/75, GIF 75/100, GIF 100/100

          Purchase fee options

          Front End Load (FEL)
          Low Load (LL)
          Deferred Sales Charge (DSC)
          No Load (NL) – Advisor Charge Back
          F-Class (Nominee Only)3

            Advisor eligibility

            Must have more than $100,000 in gross GIF deposits for 2023

              Payment date

              January 2024
                Download the flyer to learn more

                Talk to your Empire Life sales representative today for details.

                1 Segregated Fund contracts are issued by The Empire Life Insurance Company (“Empire Life”). A description of the key features of the individual variable insurance contract is contained in the Information Folder for the product being considered. Any amount that is allocated to a segregated fund is invested at the risk of the contract owner and may increase or decrease in value. Please read the information folder, contract and fund facts before investing. Past performance is no guarantee of future performance. All returns are calculated after taking expenses, management and administration fees into account.

                 

                2 The program will pay an extra commission on all eligible deposits received and processed into Empire Life Guaranteed Investment Funds contracts - GIF 75/75, GIF 75/100 and GIF 100/100 from January 2, 2023 at 12:01 a.m. (ET) to December 29, 2023 at 4:00 p.m. (ET). All existing recurring Pre-Authorized Debits (PADs) as of January 2, 2023 will receive the GIF commission bonus.

                 

                3 Any commissions in a F-Class contract are negotiated by the client and the advisor/dealer and are paid by the client directly. 

                Source URL: https://www.globalpacific.com/bulletins/empire-life/2023-01-24/empire-life-gif-growth-commission-bonus-program