2024 NQA - Life - Formstack

2024 NAIFA Quality Award

Life Insurance and Annuities Qualification

Award Year:*

Internal Use Only

Name*

First Name

Last Name

Email*

Mailing Address (to receive your certificate)*

Address Line 1

Address Line 2

City

State

ZIP Code

I am a current member of the National Association of Insurance and Financial Advisors and adhere to the NAIFA Code of Ethics.

Production Qualification for Life Insurance and Annuities Category

Eligibility for the NAIFA Quality Award in the Life Insurance and Annuities category is based on policy persistency. The persistency requirements are based on a sliding scale depending upon the number of qualifying policies you sold in 2022 and renewed in 2023.

If you do not meet the qualifying levels of production outlined below, it is possible to earn bonus credit for your qualifying production in other practice specialty categories, professional education and NAIFA service. See the Multiplier Bonus section below.

Number of Policies Sold in 2022	Percentage of 2022 Policies Renewed in 2023
25-39 policies	95% persistency
40-69 policies	90% persistency
70-99 policies	85% persistency
100+ policies	80% persistency

Eligible Policies

All Life Insurance policies are eligible with the exception of:

Group and wholesale contracts
Policy changes
Weekly premium insurance
No policy credit will be given for automatic policy increases that do not generate first-year commissions
Partial conversion of term policies which result in two policies during the same award year counts as two policies
100% conversion of term policies which result in only one policy counts as one policy

Annuities may be counted as individual policies in Life Insurance and Annuities production, or annuities may be counted as Assets Under Management for the multiplier bonus. However, annuities may not be counted in both categories.

Total number of eligible policies paid for in 2022*

Number of 2022 eligible policies on which any part of 2nd year premium was paid*

Persistency percentage*

Select one:*

I meet or exceed the production and persistency requirements of the Life Insurance and Annuity category as outlined above. When I include the bonus credit noted below, I meet or exceed the production and persistency requirements of the Life Insurance and Annuity category.

Multiplier Bonuses - Health and Employee Benefits Category

NAIFA recognizes your practice may span multiple specialties. The following multiplier bonuses allow you to combine credit for your production in other specialties in order to achieve the NAIFA Quality Award production qualifications. NAIFA also recognizes the value of professional education and a commitment to serving your industry association and provides possible bonus credit for those achievements as well. Review the opportunities below to see if you qualify for a production bonus.

Multiplier Bonus (see below to determine bonus eligibility)

Assets Under Management Bonus Health Insurance Production Bonus NAIFA Leadership Bonus Professional Education Bonus

Assets Under Management Bonus

Health Insurance Production Bonus

NAIFA Education Bonus

NAIFA Leadership Bonus

If you meet the minimum assets under management level for the number of years you have been in the industry as noted below, add 10% to your Persistency percentage.

Years in industry	Assets Under Management
1-2	not eligible
3-5	$2 million or more
6-10	$5 million or more
11-15	$7.5 million or more
16-20	$10 million or more
21+	$12.5 million or more

If you produced at least 15 individual life policies in 2022 with 80% persistency for 2023, add 5% to your Persistency percentage. (Policies cannot include individual life policies counted toward eligible policies in initial count above.)

Eligible policies:
All Life Insurance policies are eligible with the exception of:

Individual Health Insurance
Disability Income
Long Term Care
Critical Illness
Group and wholesale contracts
Policy changes
Weekly premium insurance
No policy credit will be given for automatic policy increases that do not generate first-year commissions
Partial conversion of term policies which result in two policies during the same award year counts as two policies
100% conversion of term policies which result in only one policy counts as one policy

If you currently hold any of the following degrees or designations, add 5% to your Total Points

LUTCF
LACP
CLU
RHU
HIA
DIA
REBC
CEBS
LTCP
DHP
HIPAAA
HIPAAP
MHP

If you are a LILI Graduate or served as a NAIFA leader during any part of 2023, add 10% to your Persistency percentage.

Eligible Leadership Positions:

NAIFA Local Association Officer, Board Member or National Committeeperson
NAIFA State Association Officer, Board Member or National Committeeperson
NAIFA National President, President-Elect, Secretary, Treasurer, Immediate Past President or Trustee

Fee*

Member Fee ($50) Non Member Fee ($75)

Application Fee $

Qty*

Internal use only.

Credit Card Number*