Precoa Wonka Incentive Program Terms and Conditions

1. Program Overview:

The Wonka Incentive Program (the "Program") begins on October 21, 2024, and ends on November 22, 2024 (the "Incentive Period"). 

Sales agents (“Participants”) participate in the Program by achieving the following sales goals:

Participants may earn up to ten (10) Precoa Wonka Bars total, each of which may contain one of ten (10) total Golden Tickets. A Golden Ticket entitles the recipient to participate in the Wonka Finale Event on December 16, 2024 (“Event Date”).

A Participant may earn one (1) Precoa Wonka Bar by achieving his or her GTG. The Participant’s GTG is calculated using the Participant’s average 5-week sales volume and adding the Participant’s average funeral policy value (“Policy Value”), each measured from the period commencing January 1, 2024 and ending September 20, 2024. Calculations are subject to adjustment based on factors such as hire date, date of first sale, and other extenuating circumstances as determined by field management in its sole discretion. No GTG shall be below $60,000.

Participants shall be notified of their personal GTG at the outset of the Program.

A Participant may earn one (1) Precoa Wonka Bar by achieving his or her GTBG. The Participant’s GTBG is calculated by taking the Participant’s GTG and adding three (3) additional Policy Values.

Participants shall be notified of their personal GTBG at the outset of the Program.

      (c) Volume Tiers

A Participant may earn one (1) Precoa Wonka Bar for achieving each of the following volume tiers after achieving his or her GTG:

Tier

Sales Volume

1 $125,000

2 $175,000

3 $200,000

4 $225,000

5 $250,000

6 $275,000

7 $300,000

      (d) OAP Membership Target

A Participant may earn one (1) Precoa Wonka Bar for selling twenty (20) OAP memberships during the Incentive Period.

2. Program Eligibility:

To be eligible for the Program, Participants must be active insurance producers in good standing at the time of the prize selection and work on behalf of funeral home locations implementing the Proactive or Selected Services marketing models. Participants that stop selling, or are no longer in good standing, prior to the Event Date are disqualified from the Program and ineligible to win prizes. All sales must be written and reported to Precoa by November 22, 2024 in order to qualify for the applicable sales goals. Sales reported exclusively on an insurance carrier’s website shall not qualify.

Earned Wonka Bars will be shipped to AFPs by Precoa’s operations team during the weeks of November 25, 2024, and December 2, 2024.

3. Prizes:

Precoa Wonka Bars will be shipped to qualifying Participants from November 25, 2024 through December 6, 2024. Golden Tickets will be numbered one (1) through (10).

On the Event Date, Golden Ticket holders shall select one (1) of ten (10) different tiles, commencing with the Participant holding Golden Ticket number one (1). Each tile conceals a hidden prize. Prizes may vary in value and terms. 

4. Transferability:

Prizes are non-transferable and cannot be exchanged for cash or any other consideration. Precoa reserves the right to substitute any prize with another of equal or greater value in the event of unavailability.

5. Taxes and Fees:

Participants are responsible for any taxes, fees, or other expenses associated with accepting or using the prizes, unless otherwise expressly stated by Precoa. Winners may receive an IRS Form 1099-MISC for the fair market value of any prize awarded.

6. Liability Disclaimer:

By participating in the Program, Participants agree to release, indemnify, and hold harmless Precoa, its affiliates, employees, officers, and agents from any liability, loss, or damage arising out of or in connection with the Program, including but not limited to the acceptance or use of any prizes awarded.

7. Program Modifications:

Precoa reserves the right to modify, suspend, or terminate the Program at any time, at its sole discretion, with notice provided to Participants. In the event of any modification, Precoa will make reasonable efforts to communicate any changes to Participants.

8. Mandatory Arbitration:

Any dispute arising out of or relating to the Program shall be resolved by binding arbitration in Salt Lake City, Utah, in accordance with the laws of the State of Utah. By participating in the Program, participants agree to this arbitration clause.

10. Acceptance of Terms:

By participating in the Program, AFPs agree to abide by these terms and conditions. Precoa reserves the right to disqualify any participant who violates these terms or engages in fraudulent activities.

11. Additional Provisions:

Precoa has used its best efforts in calculating the sales goals based on the data available to it. All calculations are final and not subject to revision.