Our commissions programs give each and every producer who does business with Prudential's Group Insurance the chance to earn additional compensation. Each year, we review the previous year's program-so be sure to check back often to learn the details of our latest program.
Access our Producer Commissions Program here.
Supplemental Commission Program for 2013For an overview of the 2013 Supplemental Commission Program click here.
Supplemental Commission Program for 2012
For an overview of the 2012 Supplemental Commission Program click here.
Producer Agreement Update-Effective April 1, 2010
Prudential's Group Insurance will launch Prudential DentalSM in the third quarter of this year. Because all dental insurance products are covered by the Health Insurance Portability and Accountability Act (HIPAA) privacy rules, we are required to update our existing Producer Agreements to include HIPAA language. The HIPAA language in the agreement will only apply to products that require it. No action is required on your part. Click here to read the updated agreement.
Producer Agreement Rule Change-Effective July 1, 2007
In accordance with The Prudential Insurance Company of America's commitment to transparency, producer compensation disclosures are required to be made to Prudential clients and prospective clients at various times, including during the bid or proposal process, at or prior to the point of sale, and no less than annually thereafter to inforce clients.
Effective July 1, 2007, the following rules apply to all producers, including any producer with an existing Producer Agreement with Prudential's Group Insurance:
- The producer shall deliver to Prudential clients and prospective clients a copy of: (a) a compensation notice prepared by Prudential that is included in our proposal, and (b) a compensation statement prepared by Prudential that is issued annually and with new policies.
Please note: The Compensation Notice, which is to be included in the proposal, will require a signature for all Add Issue (New Product and Buyout) cases. For New Issue cases, signature on the RFGI form will suffice as acceptance of the agreement.
The compensation notice is also included in Prudential's renewal correspondence. The client's premium remittance following the renewal date is considered their acceptance of this correspondence.
- Prudential requires the producer to fully disclose to Prudential clients and prospective clients all commissions and fees payable to the producer by Prudential in connection with the sale of proposed group insurance coverage(s) and services. Prudential further requires written client consent to the payment of all such commissions and fees by Prudential to the producer. A copy of that consent (which is included in the RFGI form) must be provided to Prudential at the point of sale.
Prudential reserves the right, at its sole discretion, to amend, alter, or modify these rules at any time. Any such alteration or modification will be made in writing by the Company and posted on the Company's website at www.prudential.com prior to thirty (30) days of the effective date of the change.
If you have questions regarding Prudential's comissions programs, contact GrpIns@prudential.com.
Group coverages are issued by The Prudential Insurance Company of America, a New Jersey Company, 751 Broad Street, Newark, NJ 07102. The Booklet-Certificate contains all details, including any policy exclusions, limitations and restrictions which may apply. Contract Series: 83500, 96945 or 99444.
California COA# 1179 NAIC Code#68241
| 103571-0707 | |
| GL.2007.091 | Ed. 03/2010 |