How Exactly Does Firefly’s All-for-One Requirement Work?
By Firefly
|11.16.2022

You need to grow your in-force Firefly premium by $100,000 per year until you reach $500,000 of in-force premium. To be clear, the requirement is about actual growth in active premium, not just new business.
After your first 12 months with Firefly, if you didn’t meet your $100,000 growth requirement, you won’t be immediately terminated. You will pay a $100 per month fee for the next 12 months and be measured again at 24 months. If you have reached or exceeded $200,000 of in-force premium at that time, the $100/month fee will stop. If it becomes clear that you are struggling to meet the requirement over time, your contract with us will end. Because you own the book, you have lots of options at that point.