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Principal – 2019 Broker Bonus Programs

Principal – 2019 Broker Bonus Programs

Principal – 2019 Broker Bonus Programs, Carrier News,

Earn more with Principal’s two bonus programs: the Production Bonus and the Persistency Bonus. Both programs apply to voluntary and non-voluntary dental, STD, LTD, life, and vision coverage, voluntary accident, and voluntary critical illness.

Production Bonus
Earn rewards for placing new business with Principal. The more you sell, the higher the bonus factor. Whether you sell several smaller cases or just a few larger cases, you can qualify for a production bonus in one of two ways:

  • New sale credits.
  • Premium production.

If you qualify for both, your bonus is based on the formula that results in the higher compensation.

Persistency Bonus
Earn rewards for placing and keeping business with Principal. The more you retain the higher the bonus factor.

Bonus requirements:

  • Minimum of $50,000 in new premium; and
  • Minimum of 15 active coverages in force as of January 1, 2019; and
  • Retain at least 85% of those coverages in force through January 1, 2020; and
  • Write a minimum of 15 new sale credits during the current calendar year; and
  • Have $150,000 of renewal premium as of January 1, 2020.

Download the flyer to learn more.

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