New VB
Compensation Model
Our Philosophy on the VB Space
Simply put, we believe brokers and enrollment firms should not be responsible for bearing 100% of enrollment expenses and general overhead. For more than 50 years, brokers and enrollment firms have been the backbone of the voluntary benefits marketplace. You should not have to go it alone.
Who Wins With “Let’s Get SiriusPoint”
Employers
Gain longer-term stability with quality products and enhanced service offerings.
Employees
Better visibility and understanding of benefits without frequent changes every two years.
Enrollment Companies
Focus on growing and retaining existing business rather than constant replacement, improving long-term revenue without added workload.
Brokers
Benefit from improved cash flow and more predictable commission splits through a modernized compensation structure designed for long-term growth.
Significant Inflation’s Impact on Your Business
| Enrollment Cost Metrics | 1980 | 1990 | 2000 | Today |
|---|---|---|---|---|
| Enroller Rate (Daily) | $75 | $150 | $250 | $375-$500 |
| Average Hotel Cost (Nightly) | $19 | $70 | $86 | $174 |
| Per Diem/Food Cost (Daily) | $25 | $50 | $70 | $90 |
| Travel | Variable | Variable | Variable | Variable |
| Time Spent with Client | 10-15 min | 10-15 min | 30+ min | 30+ min |
Data was collected by industry trends.
We Want To Be Your Business & Product Partner
Our New Compensation Model:
How This Helps Your Business Compared to Current Offerings
$10,000,000
These projections are based upon 10 million sales per year with no new sales in years 6-10.
- These numbers are based on 100% persistency.
- No broker/enrollment companies split.
- This is a blend of Accident, Cancer, Critical Illness and Hospital Indemnity.
- These are gross numbers and do not include expenses or broker splits.
Solutions
We have developed three solutions for your clients’ needs. We've got you covered in most opportunities with your clients.