Bonus program - Recognition that goes above and beyond
It just makes sense. The harder you work to generate Principal® business, the more you should earn, right? We agree. That’s why we make it possible for you to increase your earnings and maximize your bonus payout. Elite and Platinum level qualifiers of the Privileged Partner Program have an opportunity to earn an additional bonus for placing and maintaining group benefits with Principal. This bonus1 is in addition to the group benefits bonus.
| Qualification criteria |
Bonus formula |
|
Elite or Platinum qualifier and 50-69 new coverages2
Elite or Platinum qualifier and 70+ new coverages2
|
1%3 x annualized first-year premium4
2%3 x annualized first-year premium4 |
1 The bonus program applies to coverages sold in the year of your Elite or Platinum status. For example, if you're a qualifier this year, the bonus would apply to coverages sold this year, and the bonus would be paid next year. Renewals are not included in this program.
2 Coverages must be eligible under the group benefits bonus program.
3 The bonus factor is applied to the business that qualifies your local office for the Elite or Platinum level of the Privileged Partner Program.
4 The annualized premium used to calculate the bonus per coverage per case is the same as the group benefits bonus.
Final determination of the bonus amount and/or payment rests solely with Principal Life. The bonus formula may change or terminate at any time without prior notice. Please remember to abide by the company's policy on disclosure of compensation. You can obtain more information, as well as a sample disclosure form, at www.principal.com.
Principal Privileged Partners are highly valued non-medical producers and have not entered into a legal partnership with any company of the Principal Financial Group®. This program may be changed or discontinued at any time.