Process improvement for state renewal fees beginning this year
Protective Life Bulletin
November 4, 2020
Pennsylvania Appointment Renewals
Protective Life is committed to maximizing value and developing solutions that provide protection for our customers. We have identified a process improvement for our state appointment renewal fee protocols by only paying renewal fees for active business.
As a BGA partner, we want to assure you that our new procedure will not impact your service experience. As individual state renewal notices are reviewed, renewal fees will be paid for agents who submitted business for that state within a required timeframe. Otherwise, the state appointment will be discontinued by the end of the year.
Agents who have not produced business in the last 24 months in the state of Pennsylvania will receive a termination notice letter by year end. If business in Pennsylvania is submitted within 30 days of the termination notice, the renewal fee will be covered by Protective.
Once the renewal fee deadline has passed, Protective will need a notice of 7-10 business days to re-appoint the agent in the state of Pennsylvania before any future applications are written.
An appointment with Pennsylvania does not impact other state appointments or agent contracts (agent numbers). With or without a Pennsylvania appointment renewal, agents can:
Service existing policies
Receive commissions and statements
We appreciate your business. If we can answer questions or assist you, connect with us at producer.services@protective.com, 800-444-2658.
Licensing, Contracting and Compensation Protection and Retirement Divisions