Beam 2023 Brokerage Bonus Program

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Cigna + Oscar Withdraws from
The Small Group Market

New Cigna + Oscar (C+O) small group sales and renewals will not be offered in 2025. At C+O’s request, all plans and rates have been removed from the quote engine. However, you can still quote or renew your C+O groups through December 15, 2024 by contacting us at quotes@claremontcompanies.com or 800.696.4543. Please note: the last day of coverage will be December 14, 2025.

For assistance, please contact our Quotes team at quotes@claremontcompanies.com or 800.696.4543.

Mar 27, 2023, 2 Minute Read

With Beam’s new and improved 2023 Brokerage Bonus Program, there are bigger payouts, opportunities to earn, and expanded eligibility.

New Group Sales Bonus

Earn up to a 6% bonus (increased from 2.5% in 2022) on collected premiums for new group sales. The more groups you sell, the higher your bonus!

How it works:

Eligible brokers with a direct agent or agency relationship with Beam and cannot have a separate compensation structure above the set commission.
Your brokerage sells a minimum of 15 new groups or $200,000 in annual recurring revenue (ARR).
Effective dates of January 1, 2023 through December 31, 2023.
Must have at least five eligible employees enrolled for Beam coverage.

Renewal Sales Bonus

Earn up to an additional 2% bonus on group renewals.

How it works:

Brokerage achieves new group sales bonus (see New Group Sales Bonus above).
At least $500,000 in annualized in force premium as of January 1, 2023.
Minimum of 85% premium persistency.

Notes

Dental, vision, life, accident, and hospital indemnity administered through Beam count toward the broker bonus program.
The bonus is a one-time payment that is separate and independent from your commission and has no impact on rates.
Bonus amounts are expected to be paid out in March of 2024, but may be subject to change.

Learn more about the 2023 Brokerage Bonus Program.

Start quoting Beam today and take advantage of the bonus program!

Get a Quote

Questions?
Contact The Answer Team at 800.696.4543 or info@claremontcompanies.com.

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Cigna + Oscar Withdraws from The Small Group Market

Beam 2023 Brokerage Bonus Program