Assurant Employee Benefits is committed to full, fair, accurate, timely, and understandable disclosure of compensation paid to producers (broker, agent or consultant) in connection with business placed or retained with us. It is our belief that transparency is essential and serves the best interest of both the customer and our industry. It is the right thing to do. We also strongly encourage you to disclose to your clients compensation including any producer bonus payments received from us and discuss how the compensation received relates to their policy. Such discussions promote transparency and assist you in meeting any disclosure obligations you may have under state and federal laws.
Our policy
It has been our policy and practice to fully disclose all compensation we pay to producers including producer bonus payments and any non-monetary compensation, to our ERISA plan customers that may be required to file Form 5500, as well as to our ASO and CSO customers. We also will provide producer compensation information to any customer upon request.
Select the scale to the left to see the commission percent and annual premiums offered to brokers.
Dental 10% graded commission scale
Commission %
Annual Premium
10.0% of the first 7.25% of the next 4.0% of the next 2.0% of the next 1.0% of the next .5% of premium in excess of
$0 - $5,000 plus $5,001 - $20,000 plus 20,001 - $50,000 plus $50,001 - $100,000 plus $100,001 - $250,000 plus $250,000
Dental graded 10% commissions Example represents a group with an annual paid premium of $30,250
$ 5,000.00
X
0.10
=
$ 500.00
$15,000.00
X
0.0725
=
$1,087.50
$10,250.00
X
0.04
=
$ 410.00
$30,250.00
$1,997.50
Life and STD 10% graded commission scale
Commission %
Annual Premium
10.0% of the first 8.0% of the next 6.0% of the next 4.0% of the next 3.0% of the next 2.0% of the next 1.5% of the next 1.0% of the next .5% of premium in excess of
$0 - $10,000 plus $10,001 - $20,000 plus $20,001 - $30,000 plus $30,001 - $40,000 plus $40,001 - $50,000 plus $50,001 - $70,000 plus $70,001 - $90,000 plus $90,001 - $150,000 plus $150,000
Life and STD graded 10% commissions Example represents a group with an annual paid premium of $30,250
$10,000.00
x
0.10
=
$1,000.00
$10,000.00
x
0.08
=
$ 800.00
$10,000.00
x
0.06
=
$ 600.00
$ 250.00
x
0.04
=
$ 10.00
$30,250.00
$2,410.00
LTD 15% graded commission scale
Commission %
Annual Premium
15.0% of the first 10.0% of the next 5.0% of the next 1.0% of premium in excess of
$0 - $15,000 plus $15,001 - $25,000 plus $25,001 - $50,000 plus $50,000
LTD graded 15% commissions Example represents a group with an annual paid premium of $30,250
$15,000.00
x
0.15
=
$2,250.00
$10,000.00
x
0.10
=
$1,000.00
$ 5,250.00
x
0.05
=
$ 262.50
$30,250.00
x
=
$3,512.50
Flat scales
Coverage
Scale
Voluntary life
15% flat first year & renewal
Voluntary LTD
15% flat first year & renewal
Voluntary STD
15% flat first year & renewal
Voluntary dental
17% flat first year & 10% renewal for virgin Freedom Preferred and Freedom Advance stand-alone plans
10% flat first year & renewal for all other voluntary dental
Prepaid dental
10% flat first year & renewal
*These are our current standard scales. Scales may vary depending on the policy issue date.
Producer bonus program
If you are eligible to receive a producer bonus program payment, we will provide you that portion of the producer bonus allocable to each policy within your in force block of business. We encourage you to discuss the basis of the calculation and the amounts received under the producer bonus program with each of your clients as such discussions promote transparency. Learn more....
For questions regarding compensation, please contact your Sales Representative or our Broker Services team at 800.708.0686.
