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.
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.
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.
Your success is important to us, and we’re actively working on new solutions to support you throughout the year. To get the latest news via text messaging in the future, simply provide your cell phone number here.