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Principal – Privileged Partner Bonus Program

Principal – Privileged Partner Bonus Program

Principal – Privileged Partner Bonus Program

May 16, 2022, 2 Minute Read

In addition to the Production Bonus and Persistency Bonus, Principal® announced their new Privileged Partner Program to reward top-producing brokers for new and retained business.

Privileged Partner Program

With two prestigious levels of recognition: Elite and Platinum, the Privileged Partner Program membership is based on the number of new Principal coverages, the premium persistency of the broker’s group benefits block with Principal, and for Elite qualifiers, the amount of inforce premium.

Qualification Criteria:

Additional Bonus

Elite and Platinum brokers can earn an additional bonus for placing and maintaining group benefits with Principal. New coverages must include at least five lives. Renewals are not included in this program.

Qualification Criteria and Bonus Formula:

The Privileged Partner Program applies to all Principal group products – employer-sponsored and voluntary.

Download the Principal Privileged Partner Program flyer for details.

Privileged Partner Program


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 based on new sale credits for each of thee qualifying coverages or services below. The bonus applies to any new business written between January 1, 2022 and December 1, 2022.

Persistency Bonus

Earn rewards for placing and keeping business with Principal. The more premium you retain the higher the bonus factor. The bonus applies to new business written through January 1, 2023.

Qualifying For The Production and Persistency Bonus Programs

There are more ways to get into Principal’s bonus program than just selling their group insurance products. Earn one new sale credit for each of these qualifying coverages or services:

Both programs apply to both employer-sponsored and voluntary dental, STD, LTD, life, and vision coverage, voluntary accident, and voluntary critical illness.

Download the flyer to learn more.

Production and Persistency Broker Bonus Programs

*Self-funded dental, STD, and vision are not eligible.

Contact us today for a Principal quote.

 

Questions?
Contact The Answer Team at 800.696.4543 or info@claremontcompanies.com.


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