Ritter Unveils Changes to $100K Cash Giveaway for Med Supp Agents

For 2019, we’ve made some big changes to our annual $100K Cash Giveaway, and your chances of winning are better than ever!

This year, we’re rewarding our top direct-to-Ritter Medicare Supplement producers by giving away more than $100,000 in cash. We’ve also made a change to increase your shot at big winnings: $100K Cash Giveaway awards will be based on the number of applications you submit and issue! Plus, the producer who writes and issues the most Medicare Supplement applications* in 2019 will win $10,000!

Most of the grand prize will be broken up into four quarterly contests. The top 50 agents in each calendar quarter will earn a share of the total award based on their rank in the top 50. The rest of the grand prize will go to the producer who writes and issues the most Medicare Supplement apps over the course of the year! Ties will be broken based on premium.

The maximum award is $20,000 for the entire year depending on how an agent ranks each calendar quarter and at the end of year. In addition to having Medicare Supplement production through Ritter Insurance Marketing, you must be certified and ready to sell for at least one Medicare Advantage or Part D company (although no production for MA/PDP will count toward the contest).

Quarterly Cash Payouts

1st place: $2,500

2nd place: $2,000

3rd place: $1,750

4th place: $1,500

5th place: $1,250

6th place: $1,000

7th place: $750

8th place: $650

9th place: $600

10th place: $500

11th–15th place: $400

16th–20th place: $350

21st–25th place: $300

26th–50th place: $250

*Medicare Supplement applications submitted through Humana will not count

*Applications submitted for disability/under 65 will not count

End-of-Year Cash Payout for Most Apps Written

1st place: $10,000

*Medicare Supplement applications submitted through Humana will not count

*Applications submitted for disability/under 65 will not count

Frequently Asked Questions

Q: How will winners be determined?

A: Winners will be determined based on how many qualifying Medicare Supplement applications they wrote and issued. First place will be awarded to the direct-to-Ritter agent with the most qualifying Medicare Supplement apps written and issued, second place will go to the direct-to-Ritter agent with the second most apps written and issued, etc.

Q: How will ties be broken?

A: Ties will be broken based on premium. If three agents wrote and issued the same number of qualifying apps, the agent with the higher premium total will win the rank. The agent with the next highest premium total will get the next rank, and the third agent will get the rank after that.

Q: For which companies will my Medicare Supplement apps count?

A: Your Medicare Supplement apps will count for all participating companies* through which you’re contracted with Ritter as the direct upline. Just use our Medicare Quote Engine or Medicareful to find a competitive product in your market, get contracted with Ritter, and start writing! Get your own Medicareful site.

*Medicare Supplement applications submitted through Humana will not count

Q: I produced Medicare Supplement business through Ritter Insurance Marketing in 2018, but never received a bonus. Why not?

A: To qualify for the bonus, you must meet all criteria, including being ready to sell for at least one Medicare Advantage or Medicare Part D (PDP) plan through Ritter Insurance Marketing. If you are not direct to Ritter, your upline may have requested that their agents not participate in this contest. It’s also possible you didn’t produce enough to place in the top 50 agents.

Q: I’m a top producer, and I have top-level contracts. Can I still qualify?

A: Yes, you can hold top-level contracts and still qualify.

Q: My contract is not direct to Ritter. (I have an intermediate upline.) Can I still qualify?

A: No, you must be direct to Ritter to qualify for this incentive.

Q: I have an agency. Can I “pool” production from multiple agents?

A: No, this contest is only for writing agents who are direct to Ritter.

Q: When will the bonuses be paid?

A: We project bonuses will be paid within 45 days of the end of the contest period (end of the calendar quarter or year). We will mail winners their bonus checks.

Q: Will I get a 1099 for my award?

A: Yes.

Q: If I don’t write my Medicare Supplement business through Ritter, does it still count?

A: No.


Ask us about the most competitive Medicare Supplements in your area!

Do you have more questions? We’ll answer them! Call 800-769-1847 and ask about our $100K Cash Giveaway or our $10K Cash Giveaway.