Contest Rules
Founder’s Month is Security National Life’s way of showing our agents how much we appreciate them! With the opportunity to earn great bonuses, plus special contests and more, Founder’s Month is one of our best contests of the year!
All business received September 18, 2023 through October 20, 2023 will count toward the contest (Policies submitted to the Home Office with an immediate draft or a future draft date must have a valid EFT form with the 1st draft scheduled within 30 days of the date of application and needs to be received in the Home Office by 10:30 AM MDT. Policies whose cash with app will be a check, the actual application and payment need to be in the Home Office by 10:30 AM MDT (Mountain Daylight Time) on Friday, October 20, 2023).
If you choose to overnight an application, please use UPS and/or FEDEX if you want your apps guaranteed in the Home Office by Friday, October 20, 2023. The postal service does not guarantee arrival by 10:30 AM. You can electronically upload your application through the Agent Portal by 10:30 AM, MDT (Mountain Daylight Time) on Friday, October 20, 2023.
Bonuses and cash prizes will be based on Annualized Premium. All cash prizes will be awarded with a check, to be delivered by December 24, 2023.
Agents must be in good standing with the company and have a first year persistency (P1) of at least 80% and a positive advance balance (as of the end of the contest – October 20, 2023) in order to receive any prize money – this includes bonus commissions. (P1/ P2 Persistency must be at least 75% at the end of the contest.)
* Annuities are excluded.
The Story Behind the Contest
In the early fall of 1966, Security National was celebrating its first full year in business. During that year, George Quist had added several new and hungry agents to his company, many of whom had left jobs in other industries that did not require them to “dress up” for work.
After noticing that some of these agents wore the same suit multiple times a week, George decided to have a sales contest where these new agents could earn clothing suitable for working in the insurance business. He devised a program that challenged these agents to help families and to reward agents based on their performance; thus, Founder’s Month was born. We’ve moved away from awarding suits, but Security National’s appreciation for its agents remains the same!
Our Founder, George QuistBonus Contests
Our Bonus Contests help you supercharge your Founder’s Month earnings. You could earn extra commissions, reach a higher bonus level, or get rewarded for consistently submitting apps. Bonus Contest Weeks are announced after the end of Founder’s Month, so make sure to treat each week like it could be a bonus week!
Bonus Week Commission Rules
Submit at least 5 applications during Bonus Commission Week and you’ll earn double commission for your 5th application and every application submitted after that!
Bonus paid off of application received date, not paid date. Bonus commissions will be calculated based on the advance rate originally assigned to the policy. Annuities are excluded If a policy terminates for any reason within six (6) months, the bonus commission will be charged back against your next advance.
**Standard Advance Rates apply. See chart below for details.
Bonus Production Week Rules
Boost your production numbers so you can earn a larger Founder’s Month Bonus! Submit at least 5 applications during Bonus Production Week and you’ll earn double production for your 5th application and every application submitted after that! Each additional app you submit builds extra production that will be applied to your cumulative Founder’s Month contest production.
Bonus paid off of application received date, not paid date. Bonus commissions will be calculated based on the advance rate originally assigned to the policy. Annuities are excluded. If a policy terminates for any reason within six (6) months, the bonus commission will be charged back against your next advance.
**Standard Advance Rates apply. See chart below for details.
5 for 5 for $500 Bonus Rules
Consistency is the key to success! It’s also the key to earning an extra bonus. Submit a minimum of 5 policies a week for all 5 weeks of our contest to earn an extra bonus!
**Excludes Annuity Products.
Commissions and Production
Our Founder’s Month contest gives you the opportunity to receive a bonus based on your production during the contest. Bonuses are paid according to the chart below:
All production is measured in Annualized Premium and must be received in the Home Office by 10:30 AM MDT (Mountain Daylight Time) on Friday, October 20, 2023. Annuities will be credited at 10% of their value towards the contest.
Bonus Contest Details
At the end of Founder’s Month, two (2) of the five (5) weeks will be picked by our auditors (weeks can be the same). One (1) of those weeks will be designated Bonus Commission Week and the other one will be designated Bonus Production Week.
Bonus Commissions Week
Bonus commissions are calculated in the order applications are received during the bonus week. If more than one (1) application is received on the same day, the lowest commission policy will be calculated as your first application received and then continue upward. (See chart for percentages paid) Bonus commissions will be paid by December 24, 2023.
Bonus Production Week
Bonus Production is calculated based on the same rules as Bonus Commissions (see chart) and will be applied toward your cumulative production for the Founder’s Month Contest. Agent’s Founder’s Month Bonus will be based on their combined contest production + bonus production.
Questions? Call our Agent Hotline at (855) 765-4765
We look forward to a successful Founder’s Month together! Please call us with questions using our Agent Hotline for specialized service:
| Press 1 | New Business |
| Press 2 | Commissions |
| Press 3 | Underwriting |
| Press 4 | Lead Support |
| Press 5 | New Hire Appointment/Sales Support |
| Press 6 | Marketing |
| Press 7 | Policy Service |