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Life Data Program Setup Process 

STEP 1:

PRIMARY CONTACT & PROGRAM MANAGER INFORMATION

PROGRAM MANAGER

The NIC Program Manager is responsible for; i) getting NIC set up for your firm, ii) onboarding your staff and iii) inviting your Agents on NIC.

NOTE: if your Program Manager is different from the Primary Contact, please enter Primary Contact information below. 

PRIMARY CONTACT

STEP 2:

DISTRIBUTOR PROFILE

The information provided will be used to create your Distributor Profile and help us understand your organization. You will be able to edit the information once you have access to the NIC Distributor App.

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STEP 3:

SELECT LIFE CARRIERS

Below is the current list of Life Carriers with which NIC has established data feeds. Select the Carriers applicable to your firm.

If your Carrier is not on our list, please click on the 'Request a new Carrier' link below and fill in the information. 

 

STEP 4:

PRICING

The Distributor Activate Program Fees are comprised of i) One-time setup fees; ii) Distributor User Fees, and iii) no fees for Agent App Users. 

i) One-time Setup Fees

Activities

One-Time Fees

Program Management

Hierarchy & Agent Network Setup Fees

Data Aggregation Fees

Distributor Profile Setup

Staff Onboarding

Distributor User Training Fees

$ 2,000.00

$ 3,000.00

$          0.00

$     500.00

$ 2,000.00

$     500.00

TOTAL: 

$ 8,000.00

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  • The setup process is described at https://www.nicresourcecenter.meetnic.com/program-manager

  • Carrier In Force Data Feeds. One-time setup fees include all available life Carrier feeds and any additional life feeds that become available. If you initiate the cancellation of any data feed that you are currently receiving and subsequently request that same feed again be provided, an additional fee of $250/feed will apply to reinstate the feed.

  • Hierarchy & Agent Network. There are multiple approaches to extract and load your hierarchy information.  NIC’s effort is capped at 30 hours, additional time spent, including time for subsequent file loads, will be invoiced at $150.00 per hour.

  • Distributor Profile Setup. Hours capped at 5. Additional time billed at $150.00 per hour

  • Staff Onboarding. Hours capped at 20. Additional time billed at $150.00 per hour

  • Distributor User Training. Hours capped at 5. Additional time billed at $150.00 per hour

  • The $8,000 one-time set up fee is payable 50% upon signing up and 50% once in pre- production.

  • If all resourced hours are consumed setting up your organization, we will send a notification of such to Your Program Manager.

ii) Distributor Subcription Fees

No. of Users

Monthly User
Subscription Fee

Distributor App Users including Management, Sales, Marketing, Agent Support and Operations

Unlimited

$500.00

iii) Agent Subscription User Fees

No. of Users

Monthly User Subscription Fee

Agent App Users including Agents, Agent Support and Marketing Staff

Unlimited

$0.00

Distributor App

Agent App

SETUP FEE PAYMENT OPTIONS

MONTHLY SUBSCRIPTION USER FEE

$500/month (unlimited Distributor users and annuity data feeds)

* NIC also offers Annual Subscription Fees . Please contact us for more details. 

Payment Terms and Notes:

  • Monthly subscription user fees are paid monthly in arrears using PayPal, NIC will send you an invoice on the last business day of each month. 

  • The Activate Program requires a minimum 12 month commitment after which time the program can be cancelled with 30 days notice.

  • The 1st payment is due as soon as you have access to NIC pre-production site. 

STEP 5:

NIC CONFIDENTIALITY STATEMENT

Thank you for your interest in Insured Connect’s NIC Platform. As a part of the setup process, you will be required to provide information relating to your organization’s hierarchy and the carriers with whom you do business. In advance of our joint acceptance of the Insured Connect Master Services Agreement, we make the following commitments to the security of the information you provide:

 

  1. You own all data that you directly provide to us as part of this setup process.
     

  2. We will treat the information you provide as Confidential per the definition and terms contained in section 7.1 of our Master Services Agreement, reprinted in full here:
    Definition of Confidential Information. Confidential Information means all non-public information disclosed by a Party (“Disclosing Party”) to the other Party (“Receiving Party”). Examples of Confidential Information include, but are not limited to, certain portions of Company Data, customer and supplier lists and employee information, pricing policies, financial information, market analyses, market projections, consulting and sales methods and techniques, expansion plans, internal controls, security procedures, technology and technical information, product plans and designs, and business processes. The restrictions on use and disclosure of Confidential information (other than Company Data) do not apply to any information (i) generally known to the public without breach of any obligation owed to the Disclosing Party (ii) was known to the Receiving Party prior to its disclosure by the Disclosing Party without breach of any obligation owed to the Disclosing Party, (iii) independently developed by or for the Receiving Party or Receiving Party’s employees, consultants or agents without reference to or use of the Confidential Information; or (iv) was lawfully acquired by the Receiving Party from a third party which is not, to the Receiving Party’s knowledge, under an obligation of confidence with respect to such information.

  3. We will take reasonable precautions to protect your information from disclosure, to a degree of care no less than the degree to which we protect our own Confidential Information.

  4. The information you provide to us will be used solely for the purposes of completing your setup on our Platform, including but not limited to the construction of your business hierarchy and establishing data feeds from the Carriers with whom you do business.

  5. If you do not complete, or cancel the setup process, we will promptly delete any information you have provided to us securely and completely

This commitment will be superseded by the Master Services Agreement, which full terms shall apply at the time of joint acceptance.

Thanks for submitting!

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To learn more about NIC please visit us at meetnic.com