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Assurant Cuts Commission to 0% in Over Half the Country
So after Assurant cut commissions to 1% in CA and AZ a few weeks ago, we just got this email a few minutes ago.
So after Assurant cut commissions to 1% in CA and AZ a few weeks ago, we just got this email a few minutes ago.
Important notice regarding commission changes
Assurant Health has made the decision to reduce individual major medical commissions in Florida, Georgia, Indiana, Michigan, Nevada, Pennsylvania and Texas to 0% for new business.
This change will apply to all new business submitted on or after January 19, 2015, with an effective date on or after March 1, 2015.
For all the business you've previously written, rest assured you'll be paid according to the current commission structure—this change does not impact that business.
Our supplemental products are not impacted by any of
these changes.
While the strong sales we've seen are important, the changes we're making to our sales approach in these markets will ensure overall profitable growth to meet the long-term commitments to our agents and shareholders—and help us meet the service and support expectations of our customers.
We continue to have many supplemental options as well as Short Term Medical in these markets, and look forward to working with you on these product opportunities.
Assurant Health remains committed to the individual marketplace and to you, our valuable distribution partner. We are looking forward to the next Open Enrollment period beginning October 1, 2015, and to offering a full suite of ACA-compliant major medical plan options to support you and your customers as we work together for your sales success.
Commission schedules have been updated to reflect this change. Log on to assuranthealthsales.com to review your updated schedule.
Thank you for your efforts on behalf of Assurant Health. If you have any questions, please contact your sales representative.
Sincerely,
Charles Steele
Senior Vice President, Executive Sales Officer
Assurant Health has made the decision to reduce individual major medical commissions in Florida, Georgia, Indiana, Michigan, Nevada, Pennsylvania and Texas to 0% for new business.
This change will apply to all new business submitted on or after January 19, 2015, with an effective date on or after March 1, 2015.
For all the business you've previously written, rest assured you'll be paid according to the current commission structure—this change does not impact that business.
Our supplemental products are not impacted by any of
these changes.
While the strong sales we've seen are important, the changes we're making to our sales approach in these markets will ensure overall profitable growth to meet the long-term commitments to our agents and shareholders—and help us meet the service and support expectations of our customers.
We continue to have many supplemental options as well as Short Term Medical in these markets, and look forward to working with you on these product opportunities.
Assurant Health remains committed to the individual marketplace and to you, our valuable distribution partner. We are looking forward to the next Open Enrollment period beginning October 1, 2015, and to offering a full suite of ACA-compliant major medical plan options to support you and your customers as we work together for your sales success.
Commission schedules have been updated to reflect this change. Log on to assuranthealthsales.com to review your updated schedule.
Thank you for your efforts on behalf of Assurant Health. If you have any questions, please contact your sales representative.
Sincerely,
Charles Steele
Senior Vice President, Executive Sales Officer
